e.l.f. Beauty, Inc. (NYSE:ELF) is Savoir Faire Capital Management L.P.’s 4th Largest Position

Savoir Faire Capital Management L.P. grew its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 20.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,224 shares of the company’s stock after buying an additional 11,781 shares during the quarter. e.l.f. Beauty accounts for approximately 3.9% of Savoir Faire Capital Management L.P.’s holdings, making the stock its 4th biggest holding. Savoir Faire Capital Management L.P. owned 0.12% of e.l.f. Beauty worth $7,657,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Baillie Gifford & Co. increased its position in shares of e.l.f. Beauty by 39.5% in the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after buying an additional 1,501,151 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of e.l.f. Beauty by 12.5% in the second quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock valued at $318,647,000 after buying an additional 168,267 shares in the last quarter. Clearbridge Investments LLC increased its position in e.l.f. Beauty by 84.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after purchasing an additional 576,383 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in e.l.f. Beauty by 55.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company’s stock worth $79,633,000 after purchasing an additional 261,707 shares in the last quarter. Finally, Swedbank AB purchased a new stake in e.l.f. Beauty during the 3rd quarter worth about $76,321,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $122.85 on Tuesday. The business’s 50-day simple moving average is $111.39 and its 200-day simple moving average is $154.07. The firm has a market capitalization of $6.92 billion, a P/E ratio of 66.41, a P/E/G ratio of 2.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. e.l.f. Beauty, Inc. has a 1-year low of $98.50 and a 1-year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.43 by $0.34. The firm had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. e.l.f. Beauty’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 EPS. Equities analysts predict that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the sale, the chief executive officer now directly owns 106,016 shares in the company, valued at $14,465,883.20. The trade was a 18.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ELF has been the subject of a number of recent research reports. TD Cowen dropped their price objective on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. B. Riley dropped their price objective on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. DA Davidson dropped their price objective on e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group dropped their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Bank of America decreased their price target on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $173.53.

About e.l.f. Beauty

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.