Lisanti Capital Growth LLC Purchases New Holdings in e.l.f. Beauty $ELF

Lisanti Capital Growth LLC purchased a new position in shares of e.l.f. Beauty (NYSE:ELF) in the third quarter, HoldingsChannel reports. The institutional investor purchased 63,990 shares of the company’s stock, valued at approximately $6,461,000. e.l.f. Beauty makes up about 1.7% of Lisanti Capital Growth LLC’s holdings, making the stock its 10th biggest holding.

Other hedge funds also recently modified their holdings of the company. Park Avenue Securities LLC grew its stake in shares of e.l.f. Beauty by 1.4% in the third quarter. Park Avenue Securities LLC now owns 6,327 shares of the company’s stock worth $639,000 after acquiring an additional 89 shares during the last quarter. Greenwood Capital Associates LLC raised its stake in e.l.f. Beauty by 2.4% during the 2nd quarter. Greenwood Capital Associates LLC now owns 5,436 shares of the company’s stock valued at $402,000 after purchasing an additional 125 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in e.l.f. Beauty by 64.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 334 shares of the company’s stock valued at $34,000 after purchasing an additional 131 shares during the last quarter. Quadrant Capital Group LLC raised its stake in e.l.f. Beauty by 3.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 6,196 shares of the company’s stock valued at $670,000 after purchasing an additional 197 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in e.l.f. Beauty by 1.7% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,108 shares of the company’s stock valued at $734,000 after purchasing an additional 200 shares during the period. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Stock Up 0.2%

ELF opened at $118.72 on Thursday. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $123.13. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.57 and a quick ratio of 1.89. The firm’s fifty day moving average price is $107.04 and its two-hundred day moving average price is $82.56. The company has a market capitalization of $7.02 billion, a P/E ratio of 37.03, a P/E/G ratio of 2.93 and a beta of 1.61.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.61. e.l.f. Beauty had a net margin of 4.47% and a return on equity of 16.40%. The firm had revenue of $520.82 million for the quarter, compared to analyst estimates of $473.51 million. During the same quarter in the previous year, the firm posted $0.68 EPS. The business’s revenue for the quarter was up 51.4% on a year-over-year basis. On average, analysts anticipate that e.l.f. Beauty will post 2.73 EPS for the current year.

Wall Street Analysts Forecast Growth

ELF has been the topic of several research analyst reports. Morgan Stanley raised their price target on shares of e.l.f. Beauty from $103.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Canaccord Genuity Group boosted their price objective on shares of e.l.f. Beauty from $123.00 to $137.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. UBS Group upped their price objective on shares of e.l.f. Beauty from $116.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday, November 5th. JPMorgan Chase & Co. increased their target price on shares of e.l.f. Beauty from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, November 5th. Finally, Robert W. Baird lifted their target price on e.l.f. Beauty from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 7th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $118.88.

Insider Buying and Selling at e.l.f. Beauty

In other news, CEO Tarang Amin sold 47,000 shares of e.l.f. Beauty stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $103.31, for a total transaction of $4,855,570.00. Following the sale, the chief executive officer directly owned 134,496 shares in the company, valued at approximately $13,894,781.76. The trade was a 25.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mandy J. Fields sold 16,065 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $104.52, for a total transaction of $1,679,113.80. Following the completion of the sale, the insider directly owned 90,896 shares in the company, valued at approximately $9,500,449.92. The trade was a 15.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 91,821 shares of company stock valued at $9,624,513 in the last 90 days. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc. is a beauty company that develops, markets and sells cosmetics and skin-care products. Its portfolio includes e.l.f. Cosmetics and e.l.f. SKIN, as well as brands such as Naturium, Well People and Keys Soulcare. Products include makeup, skin-care treatments and related beauty items. Founded in 2004, the company sells through its own websites and retail partners, including mass-market and specialty beauty stores. Its products are available in the United States and international markets.