e.l.f. Beauty, Inc. (NYSE:ELF) Stake Lifted by Entropy Technologies LP

Entropy Technologies LP increased its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 60.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,238 shares of the company’s stock after buying an additional 1,218 shares during the quarter. Entropy Technologies LP’s holdings in e.l.f. Beauty were worth $353,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ELF. State of New Jersey Common Pension Fund D increased its position in shares of e.l.f. Beauty by 4.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 21,443 shares of the company’s stock valued at $2,338,000 after purchasing an additional 874 shares during the period. Equitable Trust Co. bought a new stake in e.l.f. Beauty in the third quarter worth about $478,000. Portside Wealth Group LLC boosted its position in shares of e.l.f. Beauty by 10.8% during the 3rd quarter. Portside Wealth Group LLC now owns 3,304 shares of the company’s stock valued at $360,000 after purchasing an additional 322 shares in the last quarter. HMS Capital Management LLC grew its stake in shares of e.l.f. Beauty by 15.6% in the 3rd quarter. HMS Capital Management LLC now owns 3,713 shares of the company’s stock worth $405,000 after purchasing an additional 500 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of e.l.f. Beauty by 41.0% in the 3rd quarter. Van ECK Associates Corp now owns 37,588 shares of the company’s stock worth $3,968,000 after purchasing an additional 10,929 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on ELF shares. JPMorgan Chase & Co. decreased their price target on shares of e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. TD Cowen reduced their target price on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Jefferies Financial Group dropped their price target on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Canaccord Genuity Group reduced their price objective on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, UBS Group cut their price target 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.53.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF opened at $121.33 on Friday. The company has a market capitalization of $6.83 billion, a P/E ratio of 65.58, a price-to-earnings-growth ratio of 2.69 and a beta of 1.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. e.l.f. Beauty, Inc. has a one year low of $98.50 and a one year high of $221.83. The business’s 50-day moving average price is $111.39 and its two-hundred day moving average price is $154.16.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.43 by $0.34. The firm had revenue of $301.10 million for 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 business’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. Analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

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

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the 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 $14,465,883.20. This represents a 18.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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.