e.l.f. Beauty $ELF Shares Newly Acquired by Calamos Advisors LLC

Key Points

• Calamos Advisors acquired a new 15,564-share stake in e.l.f. Beauty, valued at about $1.57 million; institutional investors collectively own 92.44% of the company.
• e.l.f. Beauty reported quarterly EPS of $1.21, beating the $0.60 consensus, while revenue rose 51.4% year over year to $520.82 million.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $117.50; the stock opened at $119.68 in the article’s cited session.

Calamos Advisors LLC acquired a new stake in shares of e.l.f. Beauty (NYSE:ELF - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,564 shares of the company's stock, valued at approximately $1,571,000.

Several other hedge funds have also made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new stake in shares of e.l.f. Beauty during the 3rd quarter worth approximately $498,000. Trek Financial LLC bought a new stake in e.l.f. Beauty during the third quarter worth about $8,422,000. Virtue Capital Management LLC acquired a new stake in e.l.f. Beauty during the 3rd quarter valued at $1,358,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of e.l.f. Beauty in the third quarter valued at $223,000. Finally, ProShare Advisors LLC bought a new position in shares of e.l.f. Beauty in the third quarter worth about $226,000. Institutional investors own 92.44% of the company's stock.

Wall Street Analyst Weigh In

ELF has been the topic of several research reports. B. Riley Financial reaffirmed a "buy" rating and set a $115.00 price target (up from $100.00) on shares of e.l.f. Beauty in a research note on Wednesday, September 16th. Jefferies Financial Group raised their price objective on e.l.f. Beauty from $100.00 to $132.00 and gave the stock a "buy" rating in a research note on Monday, October 19th. Zacks Research upgraded e.l.f. Beauty from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 9th. Sanford C. Bernstein upped their price target on shares of e.l.f. Beauty from $121.00 to $127.00 and gave the company an "outperform" rating in a report on Thursday, September 17th. Finally, Bank of America upped their price target on e.l.f. Beauty from $100.00 to $118.00 and gave the stock a "buy" rating in a research report on Tuesday, September 15th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $117.50.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 47,000 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $103.31, for a total transaction of $4,855,570.00. Following the completion of the sale, the chief executive officer directly owned 134,496 shares of the company's stock, valued at approximately $13,894,781.76. This trade represents a 25.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Joshua Franks sold 8,366 shares of the business's stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $110.01, for a total transaction of $920,343.66. Following the completion of the sale, the senior vice president directly owned 126,931 shares of the company's stock, valued at approximately $13,963,679.31. The trade was a 6.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 91,821 shares of company stock worth $9,624,513 over the last three months. Company insiders own 3.50% of the company's stock.

e.l.f. Beauty Trading Up 3.0%

ELF stock opened at $119.68 on Tuesday. e.l.f. Beauty has a one year low of $48.82 and a one year high of $123.13. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 35.51, a price-to-earnings-growth ratio of 2.99 and a beta of 1.61. The company has a fifty day moving average price of $106.58 and a two-hundred day moving average price of $82.32. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.61. The company had revenue of $520.82 million for the quarter, compared to analyst estimates of $473.51 million. e.l.f. Beauty had a net margin of 4.47% and a return on equity of 16.65%. The company's revenue was up 51.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 earnings per share. Equities analysts anticipate that e.l.f. Beauty will post 2.72 EPS for the current year.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc is a beauty company that develops, markets and sells cosmetics and skin-care products. Its portfolio includes e.l.f. Cosmetics and e.l.f. SKIN, as well as brands such as Naturium, Well People and Keys Soulcare. Products include makeup, skin-care treatments and related beauty items.

Founded in 2004, the company sells through its own websites and retail partners, including mass-market and specialty beauty stores. Its products are available in the United States and international markets.

Tarang Amin has served as e.l.f.

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