Vanguard Personalized Indexing Management LLC Boosts Position in e.l.f. Beauty $ELF

Vanguard Personalized Indexing Management LLC boosted its position in shares of e.l.f. Beauty (NYSE:ELF) by 73.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,109 shares of the company’s stock after acquiring an additional 6,403 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in e.l.f. Beauty were worth $1,880,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Champlain Investment Partners LLC grew its holdings in e.l.f. Beauty by 19.7% during the first quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock valued at $167,337,000 after purchasing an additional 438,575 shares during the period. Prime Capital Management Co Ltd grew its holdings in e.l.f. Beauty by 167.8% during the first quarter. Prime Capital Management Co Ltd now owns 604,535 shares of the company’s stock valued at $37,959,000 after purchasing an additional 378,826 shares during the period. Mackenzie Financial Corp grew its holdings in e.l.f. Beauty by 68.0% during the first quarter. Mackenzie Financial Corp now owns 862,671 shares of the company’s stock valued at $54,167,000 after purchasing an additional 349,024 shares during the period. Swedbank AB grew its holdings in e.l.f. Beauty by 42.6% during the first quarter. Swedbank AB now owns 1,157,760 shares of the company’s stock valued at $72,696,000 after purchasing an additional 345,760 shares during the period. Finally, Generate Investment Management Ltd bought a new stake in e.l.f. Beauty during the first quarter valued at about $21,650,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on ELF shares. Morgan Stanley boosted their price target on e.l.f. Beauty from $134.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. B. Riley boosted their price target 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of e.l.f. Beauty in a research note on Wednesday, October 8th. Piper Sandler initiated coverage on e.l.f. Beauty in a research note on Thursday, September 4th. They issued an “overweight” rating and a $150.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on e.l.f. Beauty from $130.00 to $168.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $142.07.

Insider Activity at e.l.f. Beauty

In related news, insider Scott Milsten sold 55,581 shares of the 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 of the company’s stock, valued at approximately $15,125,351.36. This represents a 33.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joshua Allen Franks sold 7,913 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $145.00, for a total value of $1,147,385.00. Following the transaction, the senior vice president directly owned 99,369 shares of the company’s stock, valued at approximately $14,408,505. The trade was a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 301,060 shares of company stock valued at $40,994,733 in the last 90 days. 3.90% of the stock is currently owned by insiders.

e.l.f. Beauty Price Performance

NYSE:ELF opened at $135.60 on Friday. The business’s 50-day moving average is $130.36 and its 200 day moving average is $106.57. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $150.99. The company has a market capitalization of $8.04 billion, a P/E ratio of 79.77, a P/E/G ratio of 3.11 and a beta of 1.57. The company has a current ratio of 3.26, a quick ratio of 2.34 and a debt-to-equity ratio of 0.32.

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

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.