KBC Group NV Has $30.85 Million Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

KBC Group NV increased its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 86.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 282,943 shares of the company’s stock after buying an additional 131,002 shares during the quarter. KBC Group NV’s holdings in e.l.f. Beauty were worth $30,849,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ELF. SG Americas Securities LLC increased its position in shares of e.l.f. Beauty by 55.0% in the first quarter. SG Americas Securities LLC now owns 2,141 shares of the company’s stock worth $420,000 after purchasing an additional 760 shares during the period. Russell Investments Group Ltd. increased its holdings in e.l.f. Beauty by 9.4% in the 1st quarter. Russell Investments Group Ltd. now owns 80,216 shares of the company’s stock valued at $15,725,000 after buying an additional 6,898 shares during the period. ProShare Advisors LLC raised its position in shares of e.l.f. Beauty by 22.1% in the 1st quarter. ProShare Advisors LLC now owns 12,411 shares of the company’s stock valued at $2,433,000 after buying an additional 2,250 shares in the last quarter. Prevail Innovative Wealth Advisors LLC bought a new stake in shares of e.l.f. Beauty during the 1st quarter worth approximately $1,700,000. Finally, Spirepoint Private Client LLC acquired a new stake in shares of e.l.f. Beauty during the 1st quarter worth approximately $338,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Trading Up 0.1 %

Shares of NYSE ELF opened at $123.05 on Friday. The firm has a 50 day moving average price of $111.68 and a two-hundred day moving average price of $154.73. The stock has a market cap of $6.93 billion, a P/E ratio of 66.51, a price-to-earnings-growth ratio of 2.88 and a beta of 1.44. e.l.f. Beauty, Inc. has a 52-week low of $98.50 and a 52-week high of $221.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The business had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. e.l.f. Beauty’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. As a group, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Wall Street Analyst Weigh In

ELF has been the subject of several research analyst reports. Raymond James restated a “strong-buy” rating and set a $235.00 price objective on shares of e.l.f. Beauty in a research report on Monday, July 22nd. B. Riley dropped their price objective on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Morgan Stanley reduced their price objective on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a research note on Monday, September 30th. Jefferies Financial Group lowered their target price on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus reduced their price target on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $173.53.

Insider Transactions at e.l.f. Beauty

In other 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 transaction of $3,210,395.60. Following the completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.50% of the stock is owned by corporate insiders.

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.