Jennison Associates LLC Has $77.31 Million Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Jennison Associates LLC raised its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 12.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 615,799 shares of the company’s stock after acquiring an additional 70,020 shares during the period. Jennison Associates LLC’s holdings in e.l.f. Beauty were worth $77,314,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ELF. Wilmington Savings Fund Society FSB acquired a new position in e.l.f. Beauty in the third quarter valued at about $25,000. Planning Capital Management Corp raised its holdings in e.l.f. Beauty by 1,855.0% in the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after acquiring an additional 371 shares during the period. nVerses Capital LLC bought a new stake in e.l.f. Beauty in the 3rd quarter valued at $44,000. Peterson Financial Group Inc. acquired a new position in shares of e.l.f. Beauty in the third quarter valued at about $45,000. Finally, Blue Trust Inc. raised its position in shares of e.l.f. Beauty by 2,357.1% in the third quarter. Blue Trust Inc. now owns 516 shares of the company’s stock valued at $56,000 after buying an additional 495 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of ELF opened at $93.41 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 50.49, a price-to-earnings-growth ratio of 1.74 and a beta of 1.47. The company has a 50 day moving average of $126.69 and a two-hundred day moving average of $130.36. e.l.f. Beauty, Inc. has a twelve month low of $92.20 and a twelve month high of $221.83.

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

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the transaction, the chief executive officer now owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maureen C. Watson sold 785 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock worth $297,442 over the last 90 days. 3.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ELF shares. Stifel Nicolaus cut their target price on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday. DA Davidson reaffirmed a “buy” rating and issued a $170.00 price objective on shares of e.l.f. Beauty in a research note on Tuesday, January 21st. Jefferies Financial Group lowered their price objective on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Robert W. Baird cut their price target on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They set a “hold” rating and a $133.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus price target of $168.47.

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.