e.l.f. Beauty, Inc. (NYSE:ELF) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 264.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,660 shares of the company’s stock after buying an additional 6,285 shares during the quarter. Daiwa Securities Group Inc.’s holdings in e.l.f. Beauty were worth $944,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Picton Mahoney Asset Management lifted its holdings in e.l.f. Beauty by 3.2% in the second quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock valued at $512,000 after acquiring an additional 75 shares during the period. Hanseatic Management Services Inc. lifted its stake in shares of e.l.f. Beauty by 1.7% in the second quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock valued at $950,000 after purchasing an additional 77 shares during the period. Portside Wealth Group LLC boosted its holdings in e.l.f. Beauty by 3.2% during the second quarter. Portside Wealth Group LLC now owns 2,982 shares of the company’s stock worth $628,000 after buying an additional 93 shares in the last quarter. GAMMA Investing LLC grew its position in e.l.f. Beauty by 27.8% during the second quarter. GAMMA Investing LLC now owns 451 shares of the company’s stock worth $95,000 after buying an additional 98 shares during the period. Finally, Evergreen Capital Management LLC increased its holdings in e.l.f. Beauty by 2.1% in the second quarter. Evergreen Capital Management LLC now owns 4,777 shares of the company’s stock valued at $1,007,000 after buying an additional 99 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Tarang Amin sold 23,528 shares of the business’s 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 of the company’s stock, valued at $14,465,883.20. The trade was a 18.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Piper Sandler reissued an “overweight” rating and set a $165.00 price target (up previously from $162.00) on shares of e.l.f. Beauty in a research note on Thursday, November 7th. Jefferies Financial Group lowered their target price on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. B. Riley dropped their price target 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. Stifel Nicolaus decreased their price objective on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. Finally, Morgan Stanley dropped their target price on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $173.53.

e.l.f. Beauty Stock Up 1.9 %

ELF stock opened at $129.61 on Friday. The company has a 50 day moving average price of $113.65 and a two-hundred day moving average price of $151.54. 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 stock has a market capitalization of $7.30 billion, a P/E ratio of 70.06, a PEG ratio of 2.79 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 announced 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. 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 previous year, the business earned $0.66 earnings per share. The business’s revenue for the quarter was up 39.7% on a year-over-year basis. As a group, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

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.