Ameriprise Financial Inc. acquired a new position in shares of e.l.f. Beauty Inc (NYSE:ELF) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 905,583 shares of the company’s stock, valued at approximately $20,359,000. Ameriprise Financial Inc. owned about 1.96% of e.l.f. Beauty at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Geode Capital Management LLC increased its stake in e.l.f. Beauty by 2.2% in the 1st quarter. Geode Capital Management LLC now owns 100,544 shares of the company’s stock valued at $2,895,000 after buying an additional 2,145 shares during the period. TimesSquare Capital Management LLC boosted its position in shares of 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 buying an additional 765,000 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of e.l.f. Beauty in the 2nd quarter worth about $5,521,000. Sterling Capital Management LLC boosted its position in shares of e.l.f. Beauty by 56.3% in the 2nd quarter. Sterling Capital Management LLC now owns 41,348 shares of the company’s stock worth $1,125,000 after buying an additional 14,891 shares in the last quarter. Finally, Capital World Investors purchased a new stake in shares of e.l.f. Beauty in the 2nd quarter worth about $31,144,000. Institutional investors and hedge funds own 91.24% of the company’s stock.
e.l.f. Beauty Inc (ELF) traded up $0.11 during mid-day trading on Tuesday, reaching $22.42. The company’s stock had a trading volume of 232,412 shares, compared to its average volume of 229,350. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.17 and a quick ratio of 0.95. The company has a market capitalization of $1,050.00 and a PE ratio of 59.00. e.l.f. Beauty Inc has a 12 month low of $18.52 and a 12 month high of $31.10.
e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.14. The company had revenue of $71.90 million for the quarter, compared to analyst estimates of $68.38 million. e.l.f. Beauty had a return on equity of 13.90% and a net margin of 7.02%. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share. analysts predict that e.l.f. Beauty Inc will post 0.35 EPS for the current fiscal year.
In related news, insider Jonathan T. Fieldman sold 4,137 shares of e.l.f. Beauty stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $23.00, for a total transaction of $95,151.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.50% of the stock is owned by insiders.
ELF has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a report on Monday, November 13th. JPMorgan Chase & Co. downgraded shares of e.l.f. Beauty from a “neutral” rating to an “underweight” rating and set a $18.00 target price for the company. in a research report on Friday, December 15th. Piper Jaffray Companies set a $26.00 price objective on shares of e.l.f. Beauty and gave the company a “buy” rating in a research report on Wednesday, October 18th. KeyCorp began coverage on shares of e.l.f. Beauty in a research report on Wednesday, December 20th. They issued a “sector weight” rating for the company. Finally, Cowen reiterated an “outperform” rating and set a $22.00 target price (down from $34.00) on shares of e.l.f. Beauty in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $23.70.
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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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