Quantbot Technologies LP Purchases 8,624 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Quantbot Technologies LP increased its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 126.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 15,467 shares of the company’s stock after acquiring an additional 8,624 shares during the period. Quantbot Technologies LP’s holdings in e.l.f. Beauty were worth $3,259,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of e.l.f. Beauty by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock worth $873,351,000 after acquiring an additional 79,701 shares in the last quarter. Baillie Gifford & Co. purchased a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $801,693,000. Wellington Management Group LLP grew its position in e.l.f. Beauty by 5.2% during the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after purchasing an additional 126,231 shares during the last quarter. William Blair Investment Management LLC grew its position in 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 worth $318,647,000 after purchasing an additional 168,267 shares during the last quarter. Finally, Clearbridge Investments LLC purchased a new stake in e.l.f. Beauty during the 1st quarter worth approximately $133,940,000. Institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. UBS Group dropped their target price on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Stifel Nicolaus upped their price objective on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Canaccord Genuity Group upped their price objective on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Baird R W raised shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 18th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $223.00 price objective on shares of e.l.f. Beauty in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $198.80.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $113.17 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. The company has a fifty day moving average of $161.14 and a two-hundred day moving average of $176.84. The stock has a market capitalization of $6.38 billion, a PE ratio of 50.98, a P/E/G ratio of 2.37 and a beta of 1.44. e.l.f. Beauty, Inc. has a fifty-two week low of $88.47 and a fifty-two week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. The company had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. As a group, research analysts forecast that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the transaction, the senior vice president now directly owns 71,986 shares in the company, valued at $14,489,342.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Tarang Amin sold 548 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the sale, the chief executive officer now directly owns 214,507 shares in the company, valued at $37,538,725. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the sale, the senior vice president now owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,304 shares of company stock worth $3,864,492. Company insiders own 5.20% of the company’s stock.

e.l.f. Beauty Company 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.