e.l.f. Beauty Inc. (ELF) Holdings Increased by Alliancebernstein L.P.
Alliancebernstein L.P. boosted its position in e.l.f. Beauty Inc. (NYSE:ELF) by 11.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,150,642 shares of the company’s stock after purchasing an additional 116,929 shares during the quarter. Alliancebernstein L.P. owned about 2.52% of e.l.f. Beauty worth $31,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wells Fargo & Company MN lifted its stake in e.l.f. Beauty by 36.4% in the 2nd quarter. Wells Fargo & Company MN now owns 105,995 shares of the company’s stock worth $2,885,000 after purchasing an additional 28,314 shares in the last quarter. TimesSquare Capital Management LLC lifted its stake in e.l.f. Beauty by 115.0% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,430,000 shares of the company’s stock worth $38,910,000 after purchasing an additional 765,000 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in e.l.f. Beauty in the 2nd quarter worth approximately $1,442,000. Pier Capital LLC lifted its stake in e.l.f. Beauty by 10.3% in the 2nd quarter. Pier Capital LLC now owns 225,826 shares of the company’s stock worth $6,145,000 after purchasing an additional 21,166 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in e.l.f. Beauty by 6.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 963,896 shares of the company’s stock worth $26,228,000 after purchasing an additional 55,619 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.
Several analysts have issued reports on the stock. Piper Jaffray Companies set a $34.00 target price on shares of e.l.f. Beauty and gave the stock a “buy” rating in a research note on Saturday, June 10th. Stifel Nicolaus set a $25.00 price objective on shares of e.l.f. Beauty and gave the company a “hold” rating in a research report on Thursday, August 10th. Jefferies Group LLC restated a “buy” rating and set a $30.00 price objective on shares of e.l.f. Beauty in a research report on Monday, September 11th. Cowen and Company restated an “outperform” rating and set a $34.00 price objective on shares of e.l.f. Beauty in a research report on Monday, June 12th. Finally, BMO Capital Markets restated an “outperform” rating and set a $38.00 price objective on shares of e.l.f. Beauty in a research report on Monday, June 12th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. e.l.f. Beauty presently has a consensus rating of “Buy” and a consensus price target of $30.59.
Shares of e.l.f. Beauty Inc. (ELF) opened at 19.90 on Tuesday. The stock’s 50 day moving average is $20.08 and its 200 day moving average is $21.11. e.l.f. Beauty Inc. has a 52-week low of $19.37 and a 52-week high of $32.54. The stock’s market cap is $917.39 million.
e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, August 9th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.01 by $0.07. e.l.f. Beauty had a net margin of 4.16% and a return on equity of 10.54%. The firm had revenue of $55.90 million for the quarter, compared to the consensus estimate of $55.73 million. The company’s revenue for the quarter was up 26.8% compared to the same quarter last year. Equities research analysts forecast that e.l.f. Beauty Inc. will post $0.46 earnings per share for the current year.
In other news, insider John P. Bailey sold 16,666 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $28.00, for a total value of $466,648.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Scott Milsten sold 8,000 shares of the business’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $25.83, for a total transaction of $206,640.00. The disclosure for this sale can be found here. Insiders sold 129,857 shares of company stock worth $3,350,425 in the last three months. Insiders own 16.50% of the company’s stock.
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e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc, formerly J.A. Cosmetics Holdings, Inc, is a cosmetic company. The Company conducts its business under the name e.l.f. Cosmetics, and offers products for eyes, lips and face to consumers through its retail customers, e.l.f. stores and e-commerce channels. The Company offers a range of products for eyes, such as eyeshadow, eyeliner, mascara and eyelashes, eyebrows, concealer and primer, brushes and tools, and sets and palettes.
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