Eagle Asset Management Inc. Has $24.31 Million Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Eagle Asset Management Inc. boosted its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 162.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 202,204 shares of the company’s stock after purchasing an additional 125,255 shares during the period. Eagle Asset Management Inc. owned about 0.36% of e.l.f. Beauty worth $24,305,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ELF. Natixis bought a new position in e.l.f. Beauty in the 1st quarter valued at about $533,000. Axxcess Wealth Management LLC bought a new position in e.l.f. Beauty in the 1st quarter valued at about $929,000. Public Employees Retirement Association of Colorado raised its holdings in e.l.f. Beauty by 1,153.9% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 87,196 shares of the company’s stock valued at $17,093,000 after acquiring an additional 80,242 shares during the period. Ilex Capital Partners UK LLP bought a new position in e.l.f. Beauty in the 1st quarter valued at about $5,801,000. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of e.l.f. Beauty by 57.9% during the first quarter. B. Riley Wealth Advisors Inc. now owns 9,830 shares of the company’s stock worth $1,927,000 after purchasing an additional 3,605 shares during the period. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $126.42 on Friday. e.l.f. Beauty, Inc. has a 52 week low of $98.50 and a 52 week high of $221.83. The firm’s fifty day moving average is $112.24 and its 200-day moving average is $152.81. The firm has a market cap of $7.12 billion, a PE ratio of 68.34, a price-to-earnings-growth ratio of 2.67 and a beta of 1.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The business had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. During the same quarter last year, the firm earned $0.66 earnings per share. e.l.f. Beauty’s quarterly revenue was up 39.7% on a year-over-year basis. Sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ELF shares. DA Davidson lowered their target price on shares of e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Robert W. Baird lowered their target price on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. TD Cowen lowered their target price 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. UBS Group lowered their target price on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $165.00 target price (up from $162.00) on shares of e.l.f. Beauty in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $173.53.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the sale, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. The trade was a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

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.