LGT Capital Partners LTD. increased its stake in e.l.f. Beauty Inc (NYSE:ELF) by 81.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 240,000 shares of the company’s stock after acquiring an additional 108,000 shares during the period. LGT Capital Partners LTD. owned about 0.49% of e.l.f. Beauty worth $2,544,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new stake in shares of e.l.f. Beauty in the 4th quarter valued at about $32,000. Sun Life Financial INC purchased a new position in e.l.f. Beauty during the 4th quarter valued at about $50,000. Virtu Financial LLC purchased a new position in e.l.f. Beauty during the 4th quarter valued at about $94,000. CHICAGO TRUST Co NA purchased a new position in e.l.f. Beauty during the 1st quarter valued at about $117,000. Finally, California Public Employees Retirement System purchased a new position in e.l.f. Beauty during the 4th quarter valued at about $151,000. 85.94% of the stock is owned by institutional investors.
Shares of ELF stock traded down $0.15 during midday trading on Thursday, reaching $11.44. 45,523 shares of the stock were exchanged, compared to its average volume of 787,497. e.l.f. Beauty Inc has a 1 year low of $6.70 and a 1 year high of $20.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.22 and a current ratio of 3.30. The company has a market capitalization of $565.82 million, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 9.67 and a beta of 1.75.
A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded e.l.f. Beauty from a “buy” rating to a “hold” rating in a report on Monday, January 14th. DA Davidson reduced their price target on e.l.f. Beauty to $9.25 and set a “neutral” rating on the stock in a report on Monday, January 28th. BMO Capital Markets reduced their price target on e.l.f. Beauty from $14.00 to $7.00 and set a “market perform” rating on the stock in a report on Wednesday, February 27th. Piper Jaffray Companies set a $8.00 price target on e.l.f. Beauty and gave the company a “sell” rating in a report on Monday, December 31st. Finally, ValuEngine downgraded e.l.f. Beauty from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. e.l.f. Beauty presently has an average rating of “Hold” and a consensus target price of $10.55.
In related news, insider Jonathan T. Fieldman sold 9,007 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $10.00, for a total value of $90,070.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Scott Milsten sold 15,150 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $9.46, for a total value of $143,319.00. The disclosure for this sale can be found here. Insiders sold a total of 322,364 shares of company stock worth $2,791,794 in the last 90 days. 15.50% of the stock is currently owned by company insiders.
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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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