e.l.f. Beauty Inc (ELF) Position Increased by Great Lakes Advisors LLC

Great Lakes Advisors LLC raised its position in e.l.f. Beauty Inc (NYSE:ELF) by 28.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 256,308 shares of the company’s stock after purchasing an additional 56,654 shares during the quarter. Great Lakes Advisors LLC’s holdings in e.l.f. Beauty were worth $2,717,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its position in e.l.f. Beauty by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 98,342 shares of the company’s stock worth $851,000 after purchasing an additional 1,109 shares during the period. Quantamental Technologies LLC purchased a new stake in e.l.f. Beauty in the 1st quarter worth about $36,000. PNC Financial Services Group Inc. purchased a new stake in e.l.f. Beauty in the 4th quarter worth about $32,000. BNP Paribas Arbitrage SA raised its position in e.l.f. Beauty by 862.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,253 shares of the company’s stock worth $56,000 after purchasing an additional 4,707 shares during the period. Finally, Victory Capital Management Inc. raised its position in e.l.f. Beauty by 32.5% in the 1st quarter. Victory Capital Management Inc. now owns 21,728 shares of the company’s stock worth $230,000 after purchasing an additional 5,334 shares during the period. 77.15% of the stock is currently owned by institutional investors.

NYSE ELF opened at $11.71 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.22 and a current ratio of 3.30. e.l.f. Beauty Inc has a 52-week low of $6.70 and a 52-week high of $20.22. The company has a market cap of $604.95 million, a PE ratio of 26.61, a price-to-earnings-growth ratio of 13.89 and a beta of 1.90.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Tuesday, February 26th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.09. e.l.f. Beauty had a negative net margin of 1.15% and a positive return on equity of 8.88%. The firm had revenue of $78.57 million for the quarter, compared to the consensus estimate of $82.55 million. On average, equities analysts predict that e.l.f. Beauty Inc will post 0.15 earnings per share for the current year.

In other news, insider Scott Milsten sold 14,800 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $12.00, for a total transaction of $177,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John P. Bailey sold 52,477 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $7.98, for a total transaction of $418,766.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 184,989 shares of company stock worth $1,618,485. Insiders own 17.10% of the company’s stock.

A number of analysts recently weighed in on ELF shares. Zacks Investment Research raised shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Tuesday, April 30th. DA Davidson reduced their target price on shares of e.l.f. Beauty to $9.25 and set a “neutral” rating on the stock in a research report on Monday, January 28th. Wells Fargo & Co reduced their target price on shares of e.l.f. Beauty from $8.00 to $6.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 27th. Jefferies Financial Group raised shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and raised their target price for the stock from $10.00 to $14.00 in a research report on Wednesday, April 3rd. Finally, Morgan Stanley reduced their target price on shares of e.l.f. Beauty from $8.00 to $6.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 27th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. e.l.f. Beauty currently has a consensus rating of “Hold” and an average target price of $11.00.

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About e.l.f. Beauty

e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce and e.l.f.

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

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