Larson Financial Group LLC Grows Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Larson Financial Group LLC increased its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 13,557.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 956 shares of the company’s stock after purchasing an additional 949 shares during the quarter. Larson Financial Group LLC’s holdings in e.l.f. Beauty were worth $104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Baillie Gifford & Co. grew its stake in shares of e.l.f. Beauty by 39.5% in the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock worth $578,480,000 after purchasing an additional 1,501,151 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of e.l.f. Beauty by 12.5% in the second quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock worth $318,647,000 after purchasing an additional 168,267 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of e.l.f. Beauty by 84.4% in the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after purchasing an additional 576,383 shares during the last quarter. Champlain Investment Partners LLC bought a new stake in shares of e.l.f. Beauty in the third quarter worth about $121,558,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of e.l.f. Beauty by 55.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company’s stock worth $79,633,000 after purchasing an additional 261,707 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ELF has been the topic of several recent analyst reports. B. Riley cut their target price on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Truist Financial cut their price objective on 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. Stifel Nicolaus cut their price objective on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. Robert W. Baird cut 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. Finally, Jefferies Financial Group cut their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $173.53.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $127.15 on Friday. e.l.f. Beauty, Inc. has a twelve month low of $98.50 and a twelve month high of $221.83. The firm has a market cap of $7.16 billion, a P/E ratio of 68.73, a PEG ratio of 2.85 and a beta of 1.44. The company has a 50 day moving average of $113.32 and a 200 day moving average of $151.76. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

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

Insider Buying and Selling

In other news, CEO Tarang Amin sold 23,528 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty 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.