31,600 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board purchased a new position in e.l.f. Beauty, Inc. (NYSE:ELF) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 31,600 shares of the company’s stock, valued at approximately $6,659,000. Canada Pension Plan Investment Board owned approximately 0.06% of e.l.f. Beauty at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position 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 acquiring an additional 79,701 shares during the last quarter. Baillie Gifford & Co. purchased a new position in shares of e.l.f. Beauty during the second quarter valued at about $801,693,000. Wellington Management Group LLP increased its holdings in shares of e.l.f. Beauty by 5.2% in the fourth quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after purchasing an additional 126,231 shares during the last quarter. William Blair Investment Management LLC lifted its position in shares of e.l.f. Beauty by 12.5% in the second quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock worth $318,647,000 after buying an additional 168,267 shares in the last quarter. Finally, Clearbridge Investments LLC bought a new position in e.l.f. Beauty during the first quarter valued at approximately $133,940,000. 92.44% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Tarang Amin sold 15,386 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.85, for a total value of $3,090,278.10. Following the transaction, the chief executive officer now owns 171,329 shares of the company’s stock, valued at $34,411,429.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 15,386 shares of the company’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.85, for a total value of $3,090,278.10. Following the completion of the sale, the chief executive officer now directly owns 171,329 shares in the company, valued at approximately $34,411,429.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Joshua Allen Franks sold 3,370 shares of the firm’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 transaction, the senior vice president now 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 quarter, insiders sold 42,832 shares of company stock valued at $7,074,887. Corporate insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ELF. Stifel Nicolaus upped their price objective on e.l.f. Beauty from $151.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. TD Cowen lowered their price objective on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Baird R W upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. lowered their price target on shares of e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Finally, Bank of America reduced their price objective on e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $198.80.

e.l.f. Beauty Stock Performance

ELF stock opened at $111.41 on Wednesday. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 50.18, a PEG ratio of 2.37 and a beta of 1.44. e.l.f. Beauty, Inc. has a twelve month low of $88.47 and a twelve month high of $221.83. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23. The business’s fifty day simple moving average is $150.51 and its two-hundred day simple moving average is $172.84.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. The company had revenue of $324.48 million during 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%. Analysts predict that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current 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.