Aberdeen Group plc Has $9.45 Million Stake in e.l.f. Beauty $ELF

Key Points

• Aberdeen Group plc has increased its stake in e.l.f. Beauty by 1.5%, owning a total of 150,462 shares valued at approximately $9.4 million at the end of the first quarter.
• Several hedge funds have modified their holdings in e.l.f. Beauty, with institutional investors now owning 92.44% of the company's stock.
• Analysts have raised price targets for e.l.f. Beauty, with a consensus target price set at $123.81, reflecting increased confidence in the company’s stock performance.

Aberdeen Group plc lifted its stake in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 1.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 150,462 shares of the company's stock after buying an additional 2,226 shares during the period. Aberdeen Group plc owned approximately 0.27% of e.l.f. Beauty worth $9,448,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Aurora Investment Counsel purchased a new position in shares of e.l.f. Beauty during the 1st quarter valued at approximately $294,000. Caas Capital Management LP boosted its position in shares of e.l.f. Beauty by 1,466.7% during the 1st quarter. Caas Capital Management LP now owns 4,700 shares of the company's stock valued at $295,000 after acquiring an additional 4,400 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in e.l.f. Beauty by 42.0% in the first quarter. Harbor Capital Advisors Inc. now owns 103,235 shares of the company's stock valued at $6,482,000 after acquiring an additional 30,530 shares during the last quarter. Granahan Investment Management LLC purchased a new stake in e.l.f. Beauty in the 4th quarter valued at about $9,671,000. Finally, Vontobel Holding Ltd. raised its holdings in shares of e.l.f. Beauty by 165.6% in the 1st quarter. Vontobel Holding Ltd. now owns 15,181 shares of the company's stock valued at $953,000 after buying an additional 9,466 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on ELF. Jefferies Financial Group set a $115.00 target price on shares of e.l.f. Beauty and gave the company a "buy" rating in a research report on Thursday, May 29th. JPMorgan Chase & Co. cut their target price on e.l.f. Beauty from $132.00 to $130.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. Raymond James Financial boosted their target price on e.l.f. Beauty from $95.00 to $105.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Robert W. Baird raised their price target on e.l.f. Beauty from $110.00 to $145.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Finally, Truist Financial boosted their price objective on e.l.f. Beauty from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, June 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $123.81.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock traded up $1.9440 during trading on Friday, hitting $118.2540. 1,453,702 shares of the company were exchanged, compared to its average volume of 2,454,813. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $172.49. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average price of $118.54 and a 200 day moving average price of $89.27. The stock has a market capitalization of $7.01 billion, a price-to-earnings ratio of 69.56, a P/E/G ratio of 2.87 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The company had revenue of $353.74 million for the quarter, compared to analyst estimates of $348.99 million. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.10 EPS. On average, equities analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Scott Milsten sold 11,860 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $115.56, for a total transaction of $1,370,541.60. Following the completion of the transaction, the insider directly owned 118,836 shares of the company's stock, valued at approximately $13,732,688.16. This represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kory Marchisotto sold 11,860 shares of e.l.f. Beauty stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $115.56, for a total transaction of $1,370,541.60. Following the sale, the insider owned 159,799 shares in the company, valued at approximately $18,466,372.44. This represents a 6.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 131,219 shares of company stock worth $15,098,642. 3.90% of the stock is currently owned by insiders.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.