Bank of New York Mellon Corp raised its stake in shares of e.l.f. Beauty Inc. (NYSE:ELF) by 75.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,706 shares of the company’s stock after purchasing an additional 38,719 shares during the period. Bank of New York Mellon Corp owned 0.20% of e.l.f. Beauty worth $2,441,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Morgan Stanley lifted its holdings in e.l.f. Beauty by 1,683.9% during the first quarter. Morgan Stanley now owns 3,197,658 shares of the company’s stock valued at $92,092,000 after purchasing an additional 3,018,407 shares in the last quarter. FMR LLC lifted its holdings in e.l.f. Beauty by 1,338.1% during the first quarter. FMR LLC now owns 2,723,783 shares of the company’s stock valued at $78,445,000 after purchasing an additional 2,534,383 shares in the last quarter. Vanguard Group Inc. lifted its holdings in e.l.f. Beauty by 67.3% during the first quarter. Vanguard Group Inc. now owns 1,322,465 shares of the company’s stock valued at $38,087,000 after purchasing an additional 531,777 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in e.l.f. Beauty by 35.0% during the second quarter. Kornitzer Capital Management Inc. KS now owns 463,390 shares of the company’s stock valued at $12,609,000 after purchasing an additional 120,200 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its holdings in e.l.f. Beauty by 40.0% during the first quarter. OppenheimerFunds Inc. now owns 454,900 shares of the company’s stock valued at $13,101,000 after purchasing an additional 130,070 shares in the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.

ELF has been the topic of several recent analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $30.00 price objective on shares of e.l.f. Beauty in a report on Monday, September 11th. BMO Capital Markets set a $38.00 price objective on shares of e.l.f. Beauty and gave the company a “buy” rating in a report on Tuesday, August 8th. DA Davidson reaffirmed a “buy” rating and set a $26.00 price objective on shares of e.l.f. Beauty in a report on Wednesday, September 27th. Zacks Investment Research downgraded shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Stifel Nicolaus set a $25.00 price objective on shares of e.l.f. Beauty and gave the company a “hold” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $30.56.

In related news, insider John P. Bailey sold 6,159 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $24.86, for a total value of $153,112.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Tarang Amin sold 47,380 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $25.00, for a total transaction of $1,184,500.00. The disclosure for this sale can be found here. Insiders sold a total of 77,029 shares of company stock worth $1,900,743 over the last quarter. Insiders own 16.50% of the company’s stock.

e.l.f. Beauty Inc. (NYSE ELF) opened at 20.87 on Friday. The stock has a 50 day moving average of $20.78 and a 200 day moving average of $20.78. The stock’s market capitalization is $962.11 million. e.l.f. Beauty Inc. has a 1-year low of $18.84 and a 1-year high of $32.54.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data 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 business had revenue of $55.90 million for the quarter, compared to analyst estimates of $55.73 million. e.l.f. Beauty’s quarterly revenue was up 26.8% compared to the same quarter last year. On average, analysts expect that e.l.f. Beauty Inc. will post $0.45 earnings per share for the current year.

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e.l.f. Beauty 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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Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

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