Van ECK Associates Corp Purchases Shares of 15,328 e.l.f. Beauty, Inc. (NYSE:ELF)

Van ECK Associates Corp bought a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,328 shares of the company's stock, valued at approximately $2,212,000.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in e.l.f. Beauty by 235.8% during the third quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company's stock valued at $265,196,000 after purchasing an additional 1,695,585 shares during the period. Invesco Ltd. increased its holdings in e.l.f. Beauty by 15.3% in the 3rd quarter. Invesco Ltd. now owns 1,497,707 shares of the company's stock worth $164,493,000 after acquiring an additional 198,235 shares during the last quarter. William Blair Investment Management LLC raised its stake in e.l.f. Beauty by 58.2% in the 3rd quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company's stock valued at $156,427,000 after acquiring an additional 523,903 shares during the period. FMR LLC lifted its holdings in e.l.f. Beauty by 641.2% during the third quarter. FMR LLC now owns 832,404 shares of the company's stock valued at $91,423,000 after purchasing an additional 720,098 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in e.l.f. Beauty by 52.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 607,359 shares of the company's stock valued at $66,706,000 after purchasing an additional 208,263 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of e.l.f. Beauty from a "hold" rating to a "sell" rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. increased their target price on e.l.f. Beauty from $130.00 to $175.00 and gave the stock an "overweight" rating in a research report on Thursday, January 18th. Stifel Nicolaus lifted their price target on e.l.f. Beauty from $141.00 to $167.00 and gave the company a "hold" rating in a research report on Wednesday, February 7th. TD Cowen raised e.l.f. Beauty from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $220.00 to $190.00 in a report on Wednesday, April 17th. Finally, DA Davidson reaffirmed a "buy" rating and set a $220.00 target price on shares of e.l.f. Beauty in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and a consensus target price of $184.33.

Insider Buying and Selling at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,519 shares of the company's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the completion of the transaction, the chief executive officer now directly owns 10,889 shares in the company, valued at approximately $2,165,713.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 29,388 shares of the business's stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $166.40, for a total value of $4,890,163.20. Following the completion of the sale, the senior vice president now directly owns 108,748 shares of the company's stock, valued at $18,095,667.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tarang Amin sold 23,519 shares of the company's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the sale, the chief executive officer now owns 10,889 shares of the company's stock, valued at $2,165,713.21. The disclosure for this sale can be found here. Insiders have sold 201,600 shares of company stock worth $34,307,124 over the last 90 days. Corporate insiders own 5.20% of the company's stock.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock traded down $2.34 during mid-day trading on Wednesday, hitting $161.27. 803,600 shares of the company traded hands, compared to its average volume of 1,557,761. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. e.l.f. Beauty, Inc. has a one year low of $83.80 and a one year high of $221.83. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of 72.39, a price-to-earnings-growth ratio of 1.50 and a beta of 1.60. The stock has a fifty day moving average price of $183.66 and a 200-day moving average price of $155.11.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.11. The company had revenue of $270.94 million during the quarter, compared to the consensus estimate of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. On average, equities analysts predict that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current fiscal year.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.