XTX Topco Ltd Acquires 7,426 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

XTX Topco Ltd boosted its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 128.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 13,210 shares of the company’s stock after acquiring an additional 7,426 shares during the period. XTX Topco Ltd’s holdings in e.l.f. Beauty were worth $2,784,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ELF. Vanguard Group Inc. grew its stake in shares of e.l.f. Beauty by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock worth $873,351,000 after purchasing an additional 79,701 shares during the period. Baillie Gifford & Co. bought a new position in e.l.f. Beauty during the second quarter worth about $801,693,000. Wellington Management Group LLP grew its position in shares of e.l.f. Beauty by 5.2% during the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after buying an additional 126,231 shares during the period. William Blair Investment Management LLC increased its stake in shares of e.l.f. Beauty by 12.5% in the 2nd quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock valued at $318,647,000 after acquiring an additional 168,267 shares during the last quarter. Finally, Clearbridge Investments LLC acquired a new stake in shares of e.l.f. Beauty in the 1st quarter valued at approximately $133,940,000. Institutional investors own 92.44% of the company’s stock.

Insider Activity

In related news, CEO Tarang Amin sold 15,386 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the sale, the chief executive officer now owns 171,329 shares in the company, valued at $34,411,429.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the sale, the senior vice president now owns 71,986 shares in the company, valued at $14,489,342.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Tarang Amin sold 15,386 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the transaction, the chief executive officer now owns 171,329 shares in the company, valued at $34,411,429.65. The disclosure for this sale can be found here. Insiders sold 19,304 shares of company stock worth $3,864,492 in the last quarter. Corporate insiders own 5.20% of the company’s stock.

e.l.f. Beauty Trading Up 1.9 %

NYSE:ELF opened at $114.52 on Thursday. The company has a market cap of $6.41 billion, a P/E ratio of 51.59, a price-to-earnings-growth ratio of 2.37 and a beta of 1.45. e.l.f. Beauty, Inc. has a twelve month low of $88.47 and a twelve month high of $221.83. The business has a 50 day moving average price of $157.55 and a two-hundred day moving average price of $175.67. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.67 by $0.20. The business had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. As a group, analysts expect that e.l.f. Beauty, Inc. will post 2.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. DA Davidson restated a “buy” rating and set a $223.00 price objective on shares of e.l.f. Beauty in a report on Wednesday. Stifel Nicolaus boosted their price target on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. B. Riley assumed coverage on e.l.f. Beauty in a research note on Tuesday, September 10th. They set a “buy” rating and a $175.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Finally, UBS Group lowered their price target on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.80.

About e.l.f. Beauty

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.