Vanguard Group Inc. raised its stake in e.l.f. Beauty Inc. (NYSE:ELF) by 67.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,322,465 shares of the company’s stock after buying an additional 531,777 shares during the period. Vanguard Group Inc.’s holdings in e.l.f. Beauty were worth $38,087,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Macquarie Group Ltd. acquired a new position in shares of e.l.f. Beauty during the fourth quarter valued at $656,000. UBS Asset Management Americas Inc. acquired a new position in shares of e.l.f. Beauty during the fourth quarter valued at $2,831,000. State Street Corp acquired a new position in shares of e.l.f. Beauty during the fourth quarter valued at $3,535,000. Teachers Advisors LLC acquired a new position in shares of e.l.f. Beauty during the fourth quarter valued at $5,349,000. Finally, Elk Creek Partners LLC acquired a new position in shares of e.l.f. Beauty during the first quarter valued at $7,200,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

e.l.f. Beauty Inc. (NYSE:ELF) traded up 0.87% during mid-day trading on Monday, reaching $25.41. The company’s stock had a trading volume of 27,462 shares. e.l.f. Beauty Inc. has a one year low of $22.98 and a one year high of $32.54. The stock’s 50 day moving average is $25.77 and its 200 day moving average is $26.42. The firm’s market cap is $1.17 billion.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, August 9th. The company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.07. e.l.f. Beauty had a return on equity of 10.86% and a net margin of 4.16%. The business had revenue of $55.90 million for the quarter, compared to analysts’ expectations of $55.73 million. The business’s revenue for the quarter was up 26.8% compared to the same quarter last year. On average, analysts anticipate that e.l.f. Beauty Inc. will post $0.46 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “e.l.f. Beauty Inc. (ELF) Shares Bought by Vanguard Group Inc.” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at https://www.watchlistnews.com/e-l-f-beauty-inc-elf-shares-bought-by-vanguard-group-inc/1486825.html.

Several research analysts recently weighed in on ELF shares. Zacks Investment Research upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Tuesday, May 9th. Piper Jaffray Companies restated an “overweight” rating and set a $34.00 target price on shares of e.l.f. Beauty in a research note on Monday, May 1st. BMO Capital Markets restated an “outperform” rating and set a $38.00 target price on shares of e.l.f. Beauty in a research note on Monday, June 12th. Jefferies Group LLC started coverage on e.l.f. Beauty in a research note on Friday, June 2nd. They set a “buy” rating and a $30.00 target price on the stock. Finally, Cowen and Company set a $34.00 target price on e.l.f. Beauty and gave the stock a “buy” rating in a research note on Thursday, May 11th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $30.98.

In other news, insider Scott Milsten sold 6,000 shares of e.l.f. Beauty stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $24.78, for a total transaction of $148,680.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Tarang Amin sold 47,380 shares of e.l.f. Beauty stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $25.00, for a total value of $1,184,500.00. The disclosure for this sale can be found here. Insiders have sold 171,078 shares of company stock worth $4,434,318 in the last quarter. Insiders own 16.50% of the company’s stock.

About e.l.f. Beauty

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.

Want to see what other hedge funds are holding ELF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for e.l.f. Beauty Inc. (NYSE:ELF).

Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

Receive News & Ratings for e.l.f. Beauty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for e.l.f. Beauty Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.