AQR Capital Management LLC purchased a new position in shares of e.l.f. Beauty Inc (NYSE:ELF) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 23,038 shares of the company’s stock, valued at approximately $325,000.
Other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its holdings in e.l.f. Beauty by 5.6% in the 2nd quarter. BlackRock Inc. now owns 1,710,604 shares of the company’s stock worth $24,120,000 after purchasing an additional 90,359 shares in the last quarter. Marshall Wace North America L.P. increased its holdings in e.l.f. Beauty by 1,577.8% in the 2nd quarter. Marshall Wace North America L.P. now owns 628,389 shares of the company’s stock worth $8,860,000 after purchasing an additional 590,936 shares in the last quarter. Federated Investors Inc. PA increased its holdings in e.l.f. Beauty by 8.3% in the 1st quarter. Federated Investors Inc. PA now owns 591,862 shares of the company’s stock worth $6,274,000 after purchasing an additional 45,357 shares in the last quarter. Cramer Rosenthal Mcglynn LLC acquired a new position in e.l.f. Beauty in the 2nd quarter worth about $8,151,000. Finally, Nordea Investment Management AB increased its holdings in e.l.f. Beauty by 2.8% in the 1st quarter. Nordea Investment Management AB now owns 367,992 shares of the company’s stock worth $3,901,000 after purchasing an additional 9,919 shares in the last quarter. 84.27% of the stock is owned by institutional investors.
In other e.l.f. Beauty news, major shareholder Tpg Growth Ii Advisors, Inc. sold 3,268,860 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $16.73, for a total value of $54,688,027.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Elena Gomez sold 4,500 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $77.53, for a total value of $348,885.00. Insiders sold a total of 3,429,470 shares of company stock worth $57,800,234 in the last quarter. Corporate insiders own 17.10% of the company’s stock.
e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.07. e.l.f. Beauty had a positive return on equity of 9.11% and a negative net margin of 0.23%. The firm had revenue of $59.80 million for the quarter, compared to analyst estimates of $54.93 million. During the same quarter in the previous year, the company posted $0.13 EPS. The business’s revenue was up 1.2% on a year-over-year basis. As a group, analysts forecast that e.l.f. Beauty Inc will post 0.22 earnings per share for the current fiscal year.
ELF has been the subject of a number of recent research reports. Oppenheimer reaffirmed a “hold” rating on shares of e.l.f. Beauty in a report on Friday, September 6th. SunTrust Banks upped their target price on e.l.f. Beauty to $20.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. DA Davidson set a $21.00 target price on e.l.f. Beauty and gave the stock a “buy” rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. raised e.l.f. Beauty from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $11.00 to $17.00 in a report on Tuesday, July 9th. Finally, Citigroup upped their target price on e.l.f. Beauty from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $16.43.
e.l.f. Beauty Company Profile
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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