Y Intercept Hong Kong Ltd Acquires New Shares in e.l.f. Beauty, Inc. (NYSE:ELF)

Y Intercept Hong Kong Ltd bought a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,349 shares of the company’s stock, valued at approximately $1,019,000.

Other large investors also recently bought and sold shares of the company. MML Investors Services LLC grew its stake in e.l.f. Beauty by 54.4% in the 3rd quarter. MML Investors Services LLC now owns 22,324 shares of the company’s stock valued at $2,434,000 after acquiring an additional 7,865 shares during the last quarter. Hodges Capital Management Inc. purchased a new position in shares of e.l.f. Beauty during the 3rd quarter worth approximately $6,078,000. Orion Portfolio Solutions LLC raised its position in shares of e.l.f. Beauty by 19.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 6,812 shares of the company’s stock worth $743,000 after purchasing an additional 1,090 shares during the last quarter. Zacks Investment Management lifted its stake in e.l.f. Beauty by 14.3% in the 3rd quarter. Zacks Investment Management now owns 112,368 shares of the company’s stock valued at $12,251,000 after buying an additional 14,041 shares in the last quarter. Finally, National Bank of Canada FI acquired a new stake in e.l.f. Beauty during the 3rd quarter valued at $174,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Activity at e.l.f. Beauty

In other news, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the sale, the insider now owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tarang Amin sold 890 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the transaction, the chief executive officer now owns 99,699 shares of the company’s stock, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. 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. 3.50% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Price Performance

ELF stock opened at $131.52 on Friday. The company has a market cap of $7.41 billion, a PE ratio of 71.09, a price-to-earnings-growth ratio of 3.06 and a beta of 1.49. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average price of $117.75 and a two-hundred day moving average price of $149.71. e.l.f. Beauty, Inc. has a 12-month low of $98.50 and a 12-month high of $221.83.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ELF. Robert W. Baird reduced their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. B. Riley reduced their target price on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group lowered their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Stifel Nicolaus reduced their price objective on shares of 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. Finally, Truist Financial decreased their target price on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $171.00.

e.l.f. Beauty Company Profile

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.