Jennison Associates LLC lowered its holdings in shares of e.l.f. Beauty Inc. (NYSE:ELF) by 30.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 498,725 shares of the company’s stock after selling 218,069 shares during the period. Jennison Associates LLC owned 1.08% of e.l.f. Beauty worth $11,246,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Kornitzer Capital Management Inc. KS boosted its stake in e.l.f. Beauty by 15.6% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 535,665 shares of the company’s stock worth $12,079,000 after purchasing an additional 72,275 shares during the period. Canada Pension Plan Investment Board acquired a new stake in e.l.f. Beauty during the 3rd quarter worth $1,353,000. New England Research & Management Inc. acquired a new stake in e.l.f. Beauty during the 3rd quarter worth $246,000. Skylands Capital LLC boosted its stake in e.l.f. Beauty by 96.3% during the 3rd quarter. Skylands Capital LLC now owns 20,220 shares of the company’s stock worth $456,000 after purchasing an additional 9,920 shares during the period. Finally, Sterling Capital Management LLC boosted its stake in e.l.f. Beauty by 56.3% during the 2nd quarter. Sterling Capital Management LLC now owns 41,348 shares of the company’s stock worth $1,125,000 after purchasing an additional 14,891 shares during the period. Hedge funds and other institutional investors own 91.24% of the company’s stock.
e.l.f. Beauty Inc. (NYSE ELF) traded up $1.78 during trading hours on Monday, reaching $23.52. 621,632 shares of the company’s stock traded hands, compared to its average volume of 634,862. e.l.f. Beauty Inc. has a 52-week low of $18.52 and a 52-week high of $31.57. The stock has a market cap of $1,005.69, a P/E ratio of 50.56, a P/E/G ratio of 3.21 and a beta of 3.56. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.17 and a quick ratio of 0.95.
e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.14. e.l.f. Beauty had a net margin of 7.02% and a return on equity of 13.90%. The company had revenue of $71.90 million for the quarter, compared to analysts’ expectations of $68.38 million. During the same period last year, the company earned $0.09 EPS. The firm’s revenue for the quarter was up 27.7% compared to the same quarter last year. sell-side analysts predict that e.l.f. Beauty Inc. will post 0.35 EPS for the current year.
In other e.l.f. Beauty news, insider Scott Milsten sold 5,172 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $19.52, for a total transaction of $100,957.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jonathan T. Fieldman sold 4,137 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $23.00, for a total transaction of $95,151.00. The disclosure for this sale can be found here. 16.50% of the stock is owned by company insiders.
A number of equities analysts have commented on the stock. Piper Jaffray Companies downgraded shares of e.l.f. Beauty from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $26.00 to $23.00 in a research report on Wednesday, November 8th. BMO Capital Markets cut their price objective on shares of e.l.f. Beauty from $38.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, November 9th. Stifel Nicolaus set a $25.00 price objective on shares of e.l.f. Beauty and gave the stock a “hold” rating in a research report on Thursday, August 10th. Jefferies Group 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. Finally, Morgan Stanley cut their price objective on shares of e.l.f. Beauty from $23.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, November 9th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. e.l.f. Beauty has an average rating of “Buy” and a consensus target price of $24.27.
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About e.l.f. Beauty
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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