e.l.f. Beauty, Inc. (NYSE:ELF) Shares Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. boosted its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 70.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 559 shares of the company’s stock after purchasing an additional 231 shares during the quarter. First Horizon Advisors Inc.’s holdings in e.l.f. Beauty were worth $61,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Baillie Gifford & Co. grew its position in 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 buying an additional 1,501,151 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of e.l.f. Beauty by 12.5% during the 2nd quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock valued at $318,647,000 after acquiring an additional 168,267 shares during the last quarter. Clearbridge Investments LLC raised its position 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 valued at $265,432,000 after purchasing an additional 576,383 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in e.l.f. Beauty by 55.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company’s stock worth $79,633,000 after acquiring an additional 261,707 shares during the period. Finally, Swedbank AB acquired a new position in shares of e.l.f. Beauty during the 3rd quarter worth about $76,321,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Activity

In other news, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the sale, the chief executive officer now owns 106,016 shares in the company, valued at $14,465,883.20. This represents a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.50% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $126.42 on Monday. e.l.f. Beauty, Inc. has a one year low of $98.50 and a one year high of $221.83. The company’s fifty day moving average price is $112.24 and its 200-day moving average price is $152.67. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 68.34, a PEG ratio of 2.68 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 (NYSE:ELF) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. During the same quarter in the prior year, the company earned $0.66 earnings per share. The firm’s quarterly revenue was up 39.7% compared to the same quarter last year. On average, equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.