Bank of New York Mellon Corp Has $2.18 Million Stake in e.l.f. Beauty Inc (ELF)
Bank of New York Mellon Corp lifted its holdings in shares of e.l.f. Beauty Inc (NYSE:ELF) by 7.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,778 shares of the company’s stock after buying an additional 7,072 shares during the period. Bank of New York Mellon Corp’s holdings in e.l.f. Beauty were worth $2,182,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of ELF. Schwab Charles Investment Management Inc. increased its stake in e.l.f. Beauty by 150.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 74,113 shares of the company’s stock valued at $2,017,000 after purchasing an additional 44,557 shares in the last quarter. Rhumbline Advisers increased its stake in e.l.f. Beauty by 127.2% in the 2nd quarter. Rhumbline Advisers now owns 23,168 shares of the company’s stock valued at $630,000 after purchasing an additional 12,970 shares in the last quarter. Legal & General Group Plc increased its stake in e.l.f. Beauty by 63.3% in the 2nd quarter. Legal & General Group Plc now owns 4,155 shares of the company’s stock valued at $112,000 after purchasing an additional 1,610 shares in the last quarter. Neuberger Berman Group LLC increased its stake in e.l.f. Beauty by 2.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 12,510 shares of the company’s stock valued at $340,000 after purchasing an additional 310 shares in the last quarter. Finally, Swiss National Bank purchased a new position in e.l.f. Beauty in the 2nd quarter valued at approximately $517,000. 91.24% of the stock is owned by institutional investors and hedge funds.
e.l.f. Beauty Inc (NYSE ELF) opened at $21.78 on Monday. The company has a current ratio of 2.17, a quick ratio of 0.95 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $1,007.54, a price-to-earnings ratio of 58.87, a price-to-earnings-growth ratio of 2.61 and a beta of 3.51. e.l.f. Beauty Inc has a 1 year low of $18.52 and a 1 year high of $31.10.
e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.14. The company had revenue of $71.90 million during the quarter, compared to the consensus estimate of $68.38 million. e.l.f. Beauty had a return on equity of 13.90% and a net margin of 7.02%. e.l.f. Beauty’s revenue was up 27.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 earnings per share. sell-side analysts forecast that e.l.f. Beauty Inc will post 0.35 EPS for the current fiscal year.
Several equities analysts recently weighed in on ELF shares. Jefferies Group reaffirmed a “buy” rating and issued a $30.00 price objective on shares of e.l.f. Beauty in a research note on Monday, September 11th. DA Davidson reaffirmed a “buy” rating and issued a $26.00 price objective on shares of e.l.f. Beauty in a research note on Wednesday, September 27th. Zacks Investment Research downgraded e.l.f. Beauty from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Piper Jaffray Companies set a $26.00 price objective on e.l.f. Beauty and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Stifel Nicolaus set a $20.00 price objective on e.l.f. Beauty and gave the company a “hold” rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. e.l.f. Beauty has an average rating of “Buy” and a consensus price target of $23.70.
In other e.l.f. Beauty news, insider Jonathan T. Fieldman sold 4,137 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $23.00, for a total transaction of $95,151.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.50% of the company’s stock.
e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc, formerly J.A. Cosmetics Holdings, Inc, is a cosmetic company. The Company conducts its business under the name e.l.f. Cosmetics, and offers products for eyes, lips and face to consumers through its retail customers, e.l.f. stores and e-commerce channels. The Company offers a range of products for eyes, such as eyeshadow, eyeliner, mascara and eyelashes, eyebrows, concealer and primer, brushes and tools, and sets and palettes.
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