Davidson Kempner Capital Management LP Purchases Shares of 20,000 e.l.f. Beauty, Inc. (NYSE:ELF)

Davidson Kempner Capital Management LP bought a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $4,214,000.

A number of other hedge funds have also recently modified their holdings of ELF. Interval Partners LP purchased a new stake in e.l.f. Beauty in the second quarter valued at $22,964,000. Xponance Inc. lifted its holdings in shares of e.l.f. Beauty by 37.6% in the 2nd quarter. Xponance Inc. now owns 10,844 shares of the company’s stock valued at $2,285,000 after purchasing an additional 2,963 shares during the last quarter. Lombard Odier Asset Management USA Corp acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at about $220,000. Evergreen Capital Management LLC increased its position in e.l.f. Beauty by 2.1% during the second quarter. Evergreen Capital Management LLC now owns 4,777 shares of the company’s stock worth $1,007,000 after buying an additional 99 shares during the period. Finally, Nippon Life Global Investors Americas Inc. acquired a new position in e.l.f. Beauty during the second quarter worth approximately $14,746,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ELF. JPMorgan Chase & Co. lowered their target price on shares of e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Raymond James reissued a “strong-buy” rating and set a $235.00 price objective on shares of e.l.f. Beauty in a research report on Monday, July 22nd. UBS Group dropped their price objective on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Robert W. Baird increased their target price on shares of e.l.f. Beauty from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, DA Davidson restated a “buy” rating and issued a $223.00 price target on shares of e.l.f. Beauty in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $198.80.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 548 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $175.00, for a total transaction of $95,900.00. Following the sale, the chief executive officer now owns 214,507 shares of the company’s stock, valued at approximately $37,538,725. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Tarang Amin sold 548 shares of e.l.f. Beauty stock in a transaction on Monday, August 5th. The stock was sold at an average price of $175.00, for a total transaction of $95,900.00. Following the completion of the transaction, the chief executive officer now directly owns 214,507 shares of the company’s stock, valued at $37,538,725. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Joshua Allen Franks sold 3,370 shares of the company’s 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 directly owns 71,986 shares in the company, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,304 shares of company stock worth $3,864,492. 5.20% of the stock is owned by company insiders.

e.l.f. Beauty Stock Down 1.5 %

e.l.f. Beauty stock opened at $112.91 on Monday. The stock’s 50 day moving average price is $153.71 and its 200 day moving average price is $174.16. e.l.f. Beauty, Inc. has a 1-year low of $88.47 and a 1-year high of $221.83. The company has a market cap of $6.32 billion, a PE ratio of 50.86, a price-to-earnings-growth ratio of 2.37 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10.

e.l.f. Beauty (NYSE:ELF) last issued 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 company had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. On average, sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.88 EPS for the current fiscal year.

e.l.f. Beauty Profile

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.