Sarasin & Partners LLP Sells 14,250 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Sarasin & Partners LLP lessened its holdings in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 36.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,995 shares of the company's stock after selling 14,250 shares during the period. Sarasin & Partners LLP's holdings in e.l.f. Beauty were worth $1,569,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ELF. GAMMA Investing LLC boosted its holdings in shares of e.l.f. Beauty by 132.2% during the first quarter. GAMMA Investing LLC now owns 1,999 shares of the company's stock worth $126,000 after purchasing an additional 1,138 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of e.l.f. Beauty by 42.0% during the first quarter. Harbor Capital Advisors Inc. now owns 103,235 shares of the company's stock worth $6,482,000 after acquiring an additional 30,530 shares in the last quarter. Portside Wealth Group LLC raised its holdings in shares of e.l.f. Beauty by 68.4% during the first quarter. Portside Wealth Group LLC now owns 6,582 shares of the company's stock worth $413,000 after acquiring an additional 2,674 shares in the last quarter. Wesbanco Bank Inc. boosted its position in e.l.f. Beauty by 92.0% during the first quarter. Wesbanco Bank Inc. now owns 17,060 shares of the company's stock valued at $1,071,000 after purchasing an additional 8,176 shares during the last quarter. Finally, Park Avenue Securities LLC grew its stake in e.l.f. Beauty by 24.7% in the first quarter. Park Avenue Securities LLC now owns 12,038 shares of the company's stock valued at $756,000 after purchasing an additional 2,387 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ELF. The Goldman Sachs Group cut their price target on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Canaccord Genuity Group set a $114.00 price objective on shares of e.l.f. Beauty in a research report on Thursday, May 29th. 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 note on Thursday, May 29th. Robert W. Baird boosted their target price on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of 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. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, e.l.f. Beauty currently has an average rating of "Moderate Buy" and an average target price of $124.24.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded down $3.53 on Friday, reaching $125.01. 2,219,227 shares of the stock were exchanged, compared to its average volume of 2,542,635. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a twelve month low of $49.40 and a twelve month high of $219.77. The firm has a fifty day moving average price of $78.97 and a two-hundred day moving average price of $91.58. The stock has a market cap of $7.04 billion, a PE ratio of 73.97, a PEG ratio of 6.76 and a beta of 1.52.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings data 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 16.88% and a net margin of 7.55%. The business had revenue of $332.65 million for the quarter, compared to analyst estimates of $327.45 million. During the same period in the previous year, the company posted $0.53 earnings per share. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. Sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 2,405 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $117.61, for a total transaction of $282,852.05. Following the transaction, the chief executive officer now directly owns 186,586 shares in the company, valued at $21,944,379.46. The trade was a 1.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Joshua Allen Franks sold 51,353 shares of the company's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $2,740,196.08. Following the completion of the transaction, the senior vice president now directly owns 114,660 shares of the company's stock, valued at approximately $6,118,257.60. This trade represents a 30.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 327,207 shares of company stock worth $25,252,926 in the last ninety days. 3.50% 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.