International Assets Investment Management LLC Invests $16.37 Million in e.l.f. Beauty, Inc. (NYSE:ELF)

International Assets Investment Management LLC acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the third quarter, HoldingsChannel reports. The institutional investor acquired 150,134 shares of the company’s stock, valued at approximately $16,369,000.

A number of other institutional investors also recently made changes to their positions in ELF. Baillie Gifford & Co. bought a new stake in shares of e.l.f. Beauty during the second quarter worth approximately $801,693,000. Swedbank AB bought a new stake in shares of e.l.f. Beauty during the third quarter worth approximately $76,321,000. Clearbridge Investments LLC bought a new stake in shares of e.l.f. Beauty during the first quarter worth approximately $133,940,000. 1832 Asset Management L.P. bought a new stake in shares of e.l.f. Beauty during the first quarter worth approximately $61,299,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of e.l.f. Beauty by 55.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company’s stock worth $79,633,000 after acquiring an additional 261,707 shares during the period. Institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ELF shares. Robert W. Baird cut their price target on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Bank of America cut their price target on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Truist Financial cut their price target on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Piper Sandler cut their price target on e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Finally, B. Riley assumed coverage on e.l.f. Beauty in a research note on Tuesday, September 10th. They issued a “buy” rating and a $175.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $184.43.

e.l.f. Beauty Stock Up 3.0 %

NYSE ELF opened at $113.32 on Wednesday. The business has a fifty day moving average price of $120.52 and a two-hundred day moving average price of $158.87. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. e.l.f. Beauty, Inc. has a fifty-two week low of $88.47 and a fifty-two week high of $221.83. The stock has a market capitalization of $6.34 billion, a PE ratio of 51.05, a PEG ratio of 2.22 and a beta of 1.43.

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

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 548 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00. Following the completion of the transaction, the chief executive officer now directly owns 214,507 shares in the company, valued at approximately $37,538,725. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.20% of the company’s stock.

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.