Aberdeen Group plc Increases Position in e.l.f. Beauty $ELF

Aberdeen Group plc lifted its holdings in shares of e.l.f. Beauty (NYSE:ELF) by 152.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 379,658 shares of the company’s stock after acquiring an additional 229,196 shares during the quarter. Aberdeen Group plc’s holdings in e.l.f. Beauty were worth $47,245,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Louisiana State Employees Retirement System increased its position in shares of e.l.f. Beauty by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company’s stock worth $1,979,000 after acquiring an additional 100 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of e.l.f. Beauty by 11.8% during the second quarter. Farther Finance Advisors LLC now owns 993 shares of the company’s stock worth $124,000 after acquiring an additional 105 shares during the last quarter. Signaturefd LLC increased its position in shares of e.l.f. Beauty by 27.9% during the first quarter. Signaturefd LLC now owns 858 shares of the company’s stock worth $54,000 after acquiring an additional 187 shares during the last quarter. State of Michigan Retirement System increased its position in shares of e.l.f. Beauty by 1.5% during the first quarter. State of Michigan Retirement System now owns 13,500 shares of the company’s stock worth $848,000 after acquiring an additional 200 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in e.l.f. Beauty by 10.3% in the second quarter. GAMMA Investing LLC now owns 2,205 shares of the company’s stock valued at $274,000 after buying an additional 206 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ELF shares. Morgan Stanley boosted their price objective on e.l.f. Beauty from $134.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday. Canaccord Genuity Group set a $165.00 price objective on e.l.f. Beauty in a report on Tuesday, September 9th. B. Riley boosted their price objective on e.l.f. Beauty from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. JPMorgan Chase & Co. boosted their price objective on e.l.f. Beauty from $130.00 to $168.00 and gave the company an “overweight” rating in a report on Friday. Finally, UBS Group boosted their price objective on e.l.f. Beauty from $112.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $142.07.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF opened at $129.37 on Friday. The company has a current ratio of 3.26, a quick ratio of 2.34 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of $128.38 and a 200-day simple moving average of $104.93. The company has a market cap of $7.67 billion, a PE ratio of 76.10, a P/E/G ratio of 3.01 and a beta of 1.57. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $150.99.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. The business had revenue of $353.74 million during the quarter, compared to the consensus estimate of $348.99 million. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The business’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 earnings per share. On average, equities research analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current year.

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

In other news, insider Scott Milsten sold 55,581 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $134.56, for a total transaction of $7,478,979.36. Following the completion of the transaction, the insider directly owned 112,406 shares in the company, valued at approximately $15,125,351.36. The trade was a 33.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mandy J. Fields sold 55,692 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $136.28, for a total value of $7,589,705.76. Following the completion of the sale, the insider owned 64,154 shares of the company’s stock, valued at $8,742,907.12. This trade represents a 46.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 301,060 shares of company stock valued at $40,994,733. 3.90% of the stock is currently owned by insiders.

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.