Massachusetts Financial Services Co. MA Has $25.20 Million Stock Position in e.l.f. Beauty (NYSE:ELF)

Massachusetts Financial Services Co. MA grew its holdings in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 25.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 401,319 shares of the company's stock after acquiring an additional 81,610 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.71% of e.l.f. Beauty worth $25,199,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Champlain Investment Partners LLC boosted its holdings in shares of e.l.f. Beauty by 99.7% during the 4th quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock valued at $279,531,000 after buying an additional 1,111,550 shares in the last quarter. Aspex Management HK Ltd purchased a new position in e.l.f. Beauty in the 4th quarter worth about $73,576,000. AXA S.A. raised its position in e.l.f. Beauty by 2,074.4% in the 4th quarter. AXA S.A. now owns 394,005 shares of the company's stock worth $49,467,000 after buying an additional 375,885 shares during the last quarter. Generate Investment Management Ltd bought a new position in shares of e.l.f. Beauty in the 1st quarter worth approximately $21,650,000. Finally, Congress Asset Management Co. boosted its stake in shares of e.l.f. Beauty by 53.7% during the 1st quarter. Congress Asset Management Co. now owns 938,970 shares of the company's stock worth $58,958,000 after acquiring an additional 327,980 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Performance

ELF traded up $6.86 during trading on Friday, hitting $117.76. 2,540,070 shares of the stock were exchanged, compared to its average volume of 2,569,434. The firm has a market capitalization of $6.68 billion, a P/E ratio of 61.02, a PEG ratio of 2.78 and a beta of 1.52. e.l.f. Beauty has a 1-year low of $49.40 and a 1-year high of $190.38. The stock has a fifty day moving average price of $109.84 and a two-hundred day moving average price of $89.60. The company has a quick ratio of 2.00, a current ratio of 3.05 and a debt-to-equity ratio of 0.34.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. e.l.f. Beauty had a return on equity of 17.98% and a net margin of 8.53%. The company had revenue of $332.65 million for the quarter, compared to the consensus estimate of $327.45 million. During the same period in the previous year, the business earned $0.53 earnings per share. e.l.f. Beauty's quarterly revenue was up 3.6% compared to the same quarter last year. As a group, sell-side analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ELF shares. Morgan Stanley boosted their price objective on e.l.f. Beauty from $70.00 to $105.00 and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Robert W. Baird upped 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. JPMorgan Chase & Co. upped their price target on e.l.f. Beauty from $70.00 to $123.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. UBS Group upped their price target on e.l.f. Beauty from $95.00 to $120.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, Raymond James Financial upped their price target on e.l.f. Beauty from $95.00 to $105.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $123.38.

Insider Activity at e.l.f. Beauty

In other news, insider Jennifer Catherine Hartnett sold 18,383 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $109.99, for a total transaction of $2,021,946.17. Following the completion of the sale, the insider directly owned 54,163 shares of the company's stock, valued at $5,957,388.37. This trade represents a 25.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tarang Amin sold 97,915 shares of the firm's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $5,224,744.40. Following the completion of the sale, the chief executive officer directly owned 181,289 shares of the company's stock, valued at approximately $9,673,581.04. This trade represents a 35.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 327,207 shares of company stock worth $25,252,926 in the last quarter. Company insiders own 3.90% of the company's stock.

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.