Raymond James Financial Inc. Buys New Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Raymond James Financial Inc. bought a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 547,792 shares of the company’s stock, valued at approximately $68,775,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ELF. Baillie Gifford & Co. grew its position in e.l.f. Beauty by 51.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after purchasing an additional 2,703,742 shares during the last quarter. Champlain Investment Partners LLC purchased a new position in e.l.f. Beauty during the 3rd quarter worth $121,558,000. Swedbank AB purchased a new position in e.l.f. Beauty during the 3rd quarter worth $76,321,000. Thrivent Financial for Lutherans grew its position in e.l.f. Beauty by 223.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock worth $60,543,000 after purchasing an additional 383,478 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its position in e.l.f. Beauty by 20,187.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 334,743 shares of the company’s stock worth $36,497,000 after purchasing an additional 333,093 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Up 9.8 %

Shares of NYSE ELF opened at $70.75 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 52 week low of $61.90 and a 52 week high of $219.77. The firm has a 50-day moving average price of $97.69 and a 200 day moving average price of $113.79. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 41.87, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. Equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ELF. B. Riley reissued a “buy” rating and set a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Stifel Nicolaus reduced their target price on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. Morgan Stanley restated an “equal weight” rating and issued a $70.00 target price (down previously from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Raymond James reduced their target price on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research note on Friday, February 7th. Finally, UBS Group restated a “neutral” rating and issued a $74.00 target price (down previously from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $132.94.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.