e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. trimmed its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 91.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,963 shares of the company’s stock after selling 40,868 shares during the quarter. Navellier & Associates Inc.’s holdings in e.l.f. Beauty were worth $432,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of ELF. Canada Pension Plan Investment Board purchased a new position in e.l.f. Beauty during the 2nd quarter worth $6,659,000. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of e.l.f. Beauty by 1,380.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock worth $1,775,000 after acquiring an additional 15,184 shares during the period. Cetera Investment Advisers raised its holdings in e.l.f. Beauty by 33.8% during the second quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock worth $8,285,000 after purchasing an additional 9,939 shares in the last quarter. Clearbridge Investments LLC lifted its position in 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. Finally, Congress Asset Management Co. lifted its position in e.l.f. Beauty by 14.2% in the third quarter. Congress Asset Management Co. now owns 503,577 shares of the company’s stock valued at $54,905,000 after purchasing an additional 62,480 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ELF shares. Stifel Nicolaus cut their target price on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. cut their price objective on e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Canaccord Genuity Group decreased their target price on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. B. Riley lowered their price target on shares of 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. Finally, Morgan Stanley reduced their price objective on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.53.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 106,016 shares in the company, valued at approximately $14,465,883.20. The trade was a 18.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.50% of the stock is owned by corporate insiders.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $122.25 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The business’s fifty day moving average price is $112.04 and its two-hundred day moving average price is $153.08. The stock has a market cap of $6.89 billion, a PE ratio of 66.08, a price-to-earnings-growth ratio of 2.67 and a beta of 1.44. e.l.f. Beauty, Inc. has a one year low of $98.50 and a one year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.34. The business had revenue of $301.10 million for 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%. The business’s revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 earnings per share. On average, analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

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.