Flagship Harbor Advisors LLC Sells 943 Shares of e.l.f. Beauty $ELF

Flagship Harbor Advisors LLC lessened its position in shares of e.l.f. Beauty (NYSE:ELF) by 29.2% in the second quarter, Holdings Channel.com reports. The firm owned 2,283 shares of the company’s stock after selling 943 shares during the period. Flagship Harbor Advisors LLC’s holdings in e.l.f. Beauty were worth $284,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Yorktown Management & Research Co Inc bought a new position in e.l.f. Beauty during the 2nd quarter worth about $330,000. Teacher Retirement System of Texas increased its holdings in e.l.f. Beauty by 4.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 8,565 shares of the company’s stock worth $1,066,000 after purchasing an additional 329 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in e.l.f. Beauty by 582.7% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 46,219 shares of the company’s stock worth $5,751,000 after purchasing an additional 39,449 shares in the last quarter. Banco Santander S.A. bought a new position in e.l.f. Beauty during the 2nd quarter worth about $10,780,000. Finally, Envestnet Asset Management Inc. increased its holdings in e.l.f. Beauty by 2.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 185,277 shares of the company’s stock worth $23,051,000 after purchasing an additional 5,012 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on ELF shares. Jefferies Financial Group increased their price objective on shares of e.l.f. Beauty from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Bank of America increased their price objective on shares of e.l.f. Beauty from $135.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Morgan Stanley increased their price objective on shares of e.l.f. Beauty from $134.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft downgraded shares of e.l.f. Beauty from a “buy” rating to a “hold” rating and increased their price objective for the stock from $121.00 to $128.00 in a research note on Tuesday, September 2nd. Finally, Raymond James Financial increased their price objective on shares of e.l.f. Beauty from $155.00 to $165.00 and gave the stock a “strong-buy” rating in a research note on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $145.07.

e.l.f. Beauty Trading Down 0.7%

Shares of NYSE:ELF opened at $122.21 on Friday. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $150.99. The company has a market capitalization of $7.25 billion, a P/E ratio of 71.89, a price-to-earnings-growth ratio of 2.84 and a beta of 1.57. The company has a 50-day simple moving average of $132.46 and a 200 day simple moving average of $112.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.34 and a current ratio of 3.26.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. The business had revenue of $353.74 million during the quarter, compared to the consensus estimate of $348.99 million. During the same period last year, the business posted $1.10 EPS. e.l.f. Beauty’s revenue was up 9.0% on a year-over-year basis. Sell-side analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 116,315 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $132.24, for a total value of $15,381,495.60. Following the transaction, the chief executive officer directly owned 81,818 shares of the company’s stock, valued at $10,819,612.32. This represents a 58.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joshua Allen Franks sold 7,913 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $145.00, for a total transaction of $1,147,385.00. Following the completion of the transaction, the senior vice president directly owned 99,369 shares in the company, valued at approximately $14,408,505. This represents a 7.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 301,060 shares of company stock worth $40,994,733 in the last three months. Insiders own 3.90% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.