Ilex Capital Partners UK LLP Makes New Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

Ilex Capital Partners UK LLP acquired a new position in e.l.f. Beauty, Inc. (NYSE:ELF) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 29,592 shares of the company’s stock, valued at approximately $5,801,000. e.l.f. Beauty accounts for approximately 0.6% of Ilex Capital Partners UK LLP’s portfolio, making the stock its 19th biggest position. Ilex Capital Partners UK LLP owned 0.05% of e.l.f. Beauty as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in shares of e.l.f. Beauty by 5.2% during the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after buying an additional 126,231 shares during the period. State of Alaska Department of Revenue increased its holdings in e.l.f. Beauty by 0.3% during the 4th quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock valued at $4,906,000 after purchasing an additional 85 shares in the last quarter. Swiss National Bank increased its holdings in e.l.f. Beauty by 0.5% during the 1st quarter. Swiss National Bank now owns 108,900 shares of the company’s stock valued at $21,348,000 after purchasing an additional 500 shares in the last quarter. Roman Butler Fullerton & Co. acquired a new stake in e.l.f. Beauty during the 4th quarter valued at $1,294,000. Finally, AMI Asset Management Corp acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at $1,315,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Down 1.3 %

Shares of e.l.f. Beauty stock traded down $2.26 during trading on Tuesday, reaching $170.31. The stock had a trading volume of 1,338,341 shares, compared to its average volume of 1,582,027. The company has a market capitalization of $9.60 billion, a price-to-earnings ratio of 76.72, a P/E/G ratio of 4.01 and a beta of 1.46. The stock has a fifty day moving average price of $192.21 and a two-hundred day moving average price of $181.69. e.l.f. Beauty, Inc. has a 52 week low of $88.47 and a 52 week high of $221.83. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, May 22nd. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. The company had revenue of $321.14 million for the quarter, compared to analyst estimates of $292.47 million. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. Sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. TD Cowen lifted their target price on e.l.f. Beauty from $190.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Canaccord Genuity Group lifted their target price on e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Robert W. Baird raised e.l.f. Beauty from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $210.00 to $230.00 in a research note on Thursday, July 18th. Stifel Nicolaus lifted their target price on e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Finally, Baird R W raised e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus price target of $210.00.

Insider Activity

In other news, insider Jennifer Catherine Hartnett sold 9,808 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total value of $1,814,087.68. Following the sale, the insider now directly owns 61,647 shares in the company, valued at $11,402,229.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 9,808 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total transaction of $1,814,087.68. Following the transaction, the insider now owns 61,647 shares of the company’s stock, valued at $11,402,229.12. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 71,986 shares in the company, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. Insiders have sold a total of 120,361 shares of company stock worth $22,019,033 over the last three months. Corporate insiders own 5.20% of the company’s stock.

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.