Stifel Financial Corp Has $3.08 Million Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Stifel Financial Corp grew its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 57.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,244 shares of the company's stock after buying an additional 10,332 shares during the period. Stifel Financial Corp owned approximately 0.05% of e.l.f. Beauty worth $3,079,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ELF. Baillie Gifford & Co. grew its stake in e.l.f. Beauty by 39.5% in the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company's stock valued at $578,480,000 after acquiring an additional 1,501,151 shares during the period. William Blair Investment Management LLC grew its position in shares of e.l.f. Beauty by 12.5% in the 2nd quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company's stock valued at $318,647,000 after purchasing an additional 168,267 shares during the period. Clearbridge Investments LLC increased its stake in e.l.f. Beauty by 84.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company's stock worth $265,432,000 after purchasing an additional 576,383 shares in the last quarter. FMR LLC raised its holdings in e.l.f. Beauty by 5.5% during the 3rd quarter. FMR LLC now owns 1,186,766 shares of the company's stock worth $129,393,000 after buying an additional 61,524 shares during the period. Finally, Champlain Investment Partners LLC bought a new position in e.l.f. Beauty in the third quarter valued at approximately $121,558,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now owns 1,888 shares in the company, valued at $245,440. This trade represents a 29.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Milsten sold 530 shares of the business's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares of the company's stock, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,205 shares of company stock worth $297,442. Insiders own 3.50% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ELF. TD Cowen dropped their price objective on shares of e.l.f. Beauty from $235.00 to $150.00 and set a "buy" rating on the stock in a report on Thursday, September 12th. Canaccord Genuity Group dropped their price target on e.l.f. Beauty from $250.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Jefferies Financial Group reduced their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. B. Riley dropped their target price on e.l.f. Beauty from $175.00 to $150.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Finally, Stifel Nicolaus cut their target price on e.l.f. Beauty from $131.00 to $115.00 and set a "hold" rating on the stock in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and a consensus price target of $171.82.

e.l.f. Beauty Stock Performance

Shares of ELF stock traded down $7.69 on Wednesday, reaching $127.20. The stock had a trading volume of 1,325,872 shares, compared to its average volume of 1,954,840. e.l.f. Beauty, Inc. has a 12 month low of $98.50 and a 12 month high of $221.83. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 68.76, a P/E/G ratio of 3.03 and a beta of 1.49. The firm's 50-day moving average is $120.80 and its two-hundred day moving average is $147.87. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.34. The firm had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business's revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 earnings per share. On average, research analysts expect that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

About e.l.f. Beauty

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.