Coastline Trust Co Increases Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Coastline Trust Co lifted its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 97.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,156 shares of the company’s stock after buying an additional 3,531 shares during the quarter. Coastline Trust Co’s holdings in e.l.f. Beauty were worth $780,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Baillie Gifford & Co. lifted its position in e.l.f. Beauty by 39.5% during the 3rd quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after acquiring an additional 1,501,151 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of e.l.f. Beauty by 12.5% during the second quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock valued at $318,647,000 after purchasing an additional 168,267 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of e.l.f. Beauty by 84.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after purchasing an additional 576,383 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of 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 buying an additional 261,707 shares during the last quarter. Finally, Swedbank AB purchased a new stake in shares of e.l.f. Beauty in the 3rd quarter worth approximately $76,321,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ELF has been the subject of a number of recent research reports. Truist Financial dropped their target price on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Jefferies Financial Group dropped their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Piper Sandler reissued an “overweight” rating and set a $165.00 price objective (up from $162.00) on shares of e.l.f. Beauty in a research report on Thursday, November 7th. Raymond James reaffirmed a “strong-buy” rating and issued a $235.00 target price on shares of e.l.f. Beauty in a report on Monday, July 22nd. Finally, Morgan Stanley cut their price target on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $173.53.

Insider Transactions at e.l.f. Beauty

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

e.l.f. Beauty Price Performance

NYSE ELF opened at $121.27 on Friday. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 65.55, a PEG ratio of 2.69 and a beta of 1.44. e.l.f. Beauty, Inc. has a 1-year low of $98.50 and a 1-year high of $221.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The business’s fifty day moving average price is $111.39 and its 200-day moving average price is $154.16.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The company had revenue of $301.10 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 earnings per share. On average, equities analysts predict that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

e.l.f. Beauty 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.