Banco Santander S.A. Makes New Investment in e.l.f. Beauty $ELF

Banco Santander S.A. bought a new position in shares of e.l.f. Beauty (NYSE:ELF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 86,625 shares of the company’s stock, valued at approximately $10,780,000. Banco Santander S.A. owned 0.15% of e.l.f. Beauty as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of ELF. Champlain Investment Partners LLC increased its position in shares of e.l.f. Beauty by 19.7% during the first quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock worth $167,337,000 after acquiring an additional 438,575 shares during the period. Prime Capital Management Co Ltd increased its position in shares of e.l.f. Beauty by 167.8% during the first quarter. Prime Capital Management Co Ltd now owns 604,535 shares of the company’s stock worth $37,959,000 after acquiring an additional 378,826 shares during the period. Mackenzie Financial Corp increased its position in shares of e.l.f. Beauty by 68.0% during the first quarter. Mackenzie Financial Corp now owns 862,671 shares of the company’s stock worth $54,167,000 after acquiring an additional 349,024 shares during the period. Swedbank AB increased its position in shares of e.l.f. Beauty by 42.6% during the first quarter. Swedbank AB now owns 1,157,760 shares of the company’s stock worth $72,696,000 after acquiring an additional 345,760 shares during the period. Finally, Aberdeen Group plc increased its position in shares of e.l.f. Beauty by 152.3% during the second quarter. Aberdeen Group plc now owns 379,658 shares of the company’s stock worth $47,245,000 after acquiring an additional 229,196 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on ELF. B. Riley raised their target price on shares of e.l.f. Beauty from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft lowered shares of e.l.f. Beauty from a “buy” rating to a “hold” rating and lifted their price objective for the company from $121.00 to $128.00 in a report on Tuesday, September 2nd. UBS Group lifted their price objective on shares of e.l.f. Beauty from $112.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. The Goldman Sachs Group lifted their price objective on shares of e.l.f. Beauty from $137.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Finally, Piper Sandler reissued an “overweight” rating on shares of e.l.f. Beauty in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.73.

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

In related news, CEO Tarang Amin sold 116,315 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $132.24, for a total transaction of $15,381,495.60. Following the completion of the transaction, the chief executive officer directly owned 81,818 shares in the company, valued at $10,819,612.32. The trade was a 58.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Joshua Allen Franks sold 7,913 shares of the business’s stock in a transaction on 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 transaction, the senior vice president owned 99,369 shares of the company’s stock, valued at $14,408,505. This represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 301,060 shares of company stock valued at $40,994,733. Company insiders own 3.90% of the company’s stock.

e.l.f. Beauty Price Performance

NYSE ELF opened at $126.56 on Tuesday. The firm’s fifty day simple moving average is $131.88 and its two-hundred day simple moving average is $110.72. The company has a current ratio of 3.26, a quick ratio of 2.34 and a debt-to-equity ratio of 0.32. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $150.99. The firm has a market capitalization of $7.51 billion, a P/E ratio of 74.45, a P/E/G ratio of 2.86 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $348.99 million. During the same period in the previous year, the company earned $1.10 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

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.