SG Americas Securities LLC acquired a new position in e.l.f. Beauty Inc (NYSE:ELF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,132 shares of the company’s stock, valued at approximately $185,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Aspiriant LLC purchased a new stake in e.l.f. Beauty in the 2nd quarter worth about $762,000. Engineers Gate Manager LP raised its position in e.l.f. Beauty by 74.8% in the 2nd quarter. Engineers Gate Manager LP now owns 69,189 shares of the company’s stock worth $1,054,000 after purchasing an additional 29,607 shares during the period. Massachusetts Financial Services Co. MA raised its position in e.l.f. Beauty by 19.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 870,793 shares of the company’s stock worth $13,271,000 after purchasing an additional 139,610 shares during the period. Diversified Trust Co purchased a new stake in e.l.f. Beauty in the 2nd quarter worth about $169,000. Finally, Nisa Investment Advisors LLC purchased a new stake in e.l.f. Beauty in the 2nd quarter worth about $207,000. 87.82% of the stock is currently owned by institutional investors.
A number of brokerages have recently commented on ELF. Oppenheimer reaffirmed a “market perform” rating on shares of e.l.f. Beauty in a research report on Thursday, July 26th. Piper Jaffray Companies lowered shares of e.l.f. Beauty from a “neutral” rating to an “underweight” rating and raised their target price for the stock from $17.00 to $23.00 in a research report on Thursday, August 9th. SunTrust Banks reduced their target price on shares of e.l.f. Beauty to $14.00 and set a “buy” rating on the stock in a research report on Monday, August 13th. Stifel Nicolaus reduced their target price on shares of e.l.f. Beauty from $17.00 to $11.00 and set a “hold” rating on the stock in a research report on Thursday, August 9th. Finally, Jefferies Financial Group set a $13.00 target price on shares of e.l.f. Beauty and gave the stock a “hold” rating in a research report on Wednesday, September 12th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. e.l.f. Beauty currently has a consensus rating of “Hold” and an average target price of $16.44.
Shares of ELF stock opened at $12.76 on Friday. The company has a market cap of $624.27 million, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 6.05 and a beta of 1.10. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.72 and a current ratio of 3.58. e.l.f. Beauty Inc has a 52-week low of $9.30 and a 52-week high of $23.85.
e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.07. The company had revenue of $59.06 million for the quarter, compared to analyst estimates of $59.20 million. e.l.f. Beauty had a net margin of 10.52% and a return on equity of 11.60%. e.l.f. Beauty’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share. sell-side analysts anticipate that e.l.f. Beauty Inc will post 0.32 earnings per share for the current fiscal year.
In related news, insider John P. Bailey sold 43,300 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, July 5th. The shares were sold at an average price of $16.26, for a total transaction of $704,058.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tarang Amin acquired 65,600 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were acquired at an average cost of $10.76 per share, for a total transaction of $705,856.00. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 206,540 shares of company stock worth $2,889,744. 16.50% of the stock is currently owned by corporate insiders.
e.l.f. Beauty Profile
e.l.f. Beauty, Inc operates as a beauty company. The company offers cosmetics, including face makeup, eye makeup, lip products, nail products, and cosmetics sets/kits; and skin care products under the e.l.f. brand name. It sells its products through direct-to-consumer channels, which include e-commerce and e.l.f.
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