Tran Capital Management L.P. Has $11.40 Million Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Tran Capital Management L.P. lifted its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 430.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 181,494 shares of the company's stock after buying an additional 147,297 shares during the quarter. e.l.f. Beauty comprises 1.5% of Tran Capital Management L.P.'s investment portfolio, making the stock its 23rd largest holding. Tran Capital Management L.P. owned 0.32% of e.l.f. Beauty worth $11,396,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Baillie Gifford & Co. boosted its position in e.l.f. Beauty by 51.0% during the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock worth $1,005,584,000 after purchasing an additional 2,703,742 shares during the period. Champlain Investment Partners LLC boosted its position in e.l.f. Beauty by 99.7% during the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock worth $279,531,000 after purchasing an additional 1,111,550 shares during the period. William Blair Investment Management LLC boosted its position in e.l.f. Beauty by 40.9% during the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock worth $289,437,000 after purchasing an additional 669,321 shares during the period. Aspex Management HK Ltd bought a new stake in e.l.f. Beauty during the fourth quarter worth approximately $73,576,000. Finally, Raymond James Financial Inc. bought a new stake in e.l.f. Beauty during the fourth quarter worth approximately $68,775,000. Institutional investors own 92.44% of the company's stock.

Insiders Place Their Bets

In other news, SVP Joshua Allen Franks sold 51,353 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 $2,740,196.08. Following the completion of the sale, the senior vice president now directly owns 114,660 shares in the company, valued at approximately $6,118,257.60. This trade represents a 30.93% decrease in their ownership of the stock. The sale was disclosed in a 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 shares were 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 now owns 181,289 shares of the company's stock, valued at approximately $9,673,581.04. This trade represents a 35.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 327,207 shares of company stock worth $25,252,926 over the last three months. 3.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on ELF. The Goldman Sachs Group decreased their target price on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Morgan Stanley increased 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 report on Thursday, May 29th. B. Riley increased their price objective on e.l.f. Beauty from $110.00 to $150.00 and gave the company a "buy" rating in a research report on Friday. DA Davidson reduced their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, Robert W. Baird increased their price objective on e.l.f. Beauty from $110.00 to $145.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, e.l.f. Beauty presently has an average rating of "Moderate Buy" and a consensus price target of $124.24.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF traded down $3.53 during trading hours on Friday, reaching $125.01. The stock had a trading volume of 2,219,227 shares, compared to its average volume of 2,549,576. The business's fifty day moving average is $78.97 and its two-hundred day moving average is $91.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 73.97, a PEG ratio of 6.76 and a beta of 1.52. e.l.f. Beauty, Inc. has a twelve month low of $49.40 and a twelve month high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $327.45 million. During the same period in the prior year, the company posted $0.53 earnings per share. e.l.f. Beauty's revenue was up 3.6% on a year-over-year basis. As a group, research analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

e.l.f. Beauty Company 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.