e.l.f. Beauty Inc. (ELF) Position Maintained by TPG Group Holdings SBS Advisors Inc.

TPG Group Holdings SBS Advisors Inc. continued to hold its stake in e.l.f. Beauty Inc. (NYSE:ELF) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 19,304,548 shares of the company’s stock at the end of the first quarter. e.l.f. Beauty accounts for approximately 6.7% of TPG Group Holdings SBS Advisors Inc.’s holdings, making the stock its 3rd largest position. TPG Group Holdings SBS Advisors Inc. owned 42.28% of e.l.f. Beauty worth $555,971,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ELF. First Mercantile Trust Co. acquired a new stake in e.l.f. Beauty during the first quarter worth about $150,000. American International Group Inc. acquired a new stake in e.l.f. Beauty during the first quarter worth about $162,000. Invictus RG acquired a new stake in e.l.f. Beauty during the first quarter worth about $200,000. Dynamic Technology Lab Private Ltd acquired a new stake in e.l.f. Beauty during the fourth quarter worth about $213,000. Finally, LMR Partners LLP acquired a new stake in e.l.f. Beauty during the first quarter worth about $288,000. Institutional investors own 96.58% of the company’s stock.

Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

Shares of e.l.f. Beauty Inc. (NYSE ELF) traded up 1.56% during trading on Tuesday, reaching $26.66. 488,536 shares of the company were exchanged. The company’s market capitalization is $1.22 billion. The firm’s 50 day moving average price is $26.17 and its 200 day moving average price is $27.28. e.l.f. Beauty Inc. has a one year low of $23.73 and a one year high of $32.54.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, May 10th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.04. The firm had revenue of $60.60 million during the quarter, compared to analysts’ expectations of $59.87 million. e.l.f. Beauty’s quarterly revenue was up 15.0% on a year-over-year basis. Equities research analysts forecast that e.l.f. Beauty Inc. will post $0.43 earnings per share for the current fiscal year.

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A number of analysts have recently issued reports on the stock. Piper Jaffray Companies set a $34.00 price objective on shares of e.l.f. Beauty and gave the company a “buy” rating in a report on Saturday, June 10th. Jefferies Group LLC restated a “buy” rating and set a $30.00 target price on shares of e.l.f. Beauty in a report on Monday. Cowen and Company restated an “outperform” rating and set a $34.00 target price on shares of e.l.f. Beauty in a report on Monday, June 12th. BMO Capital Markets restated an “outperform” rating and set a $38.00 target price on shares of e.l.f. Beauty in a report on Monday, June 12th. Finally, Wells Fargo & Co restated a “market perform” rating and set a $29.00 target price on shares of e.l.f. Beauty in a report on Saturday, March 11th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. e.l.f. Beauty presently has a consensus rating of “Buy” and a consensus target price of $31.25.

In related news, major shareholder Tpg Growth Ii Advisors, Inc. sold 5,793,720 shares of e.l.f. Beauty stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $25.85, for a total value of $149,767,662.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tarang Amin sold 592,752 shares of e.l.f. Beauty stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $25.85, for a total value of $15,322,639.20. The disclosure for this sale can be found here.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, formerly J.A. Cosmetics Holdings, Inc, is a cosmetic company. The Company conducts its business under the name e.l.f. Cosmetics, and offers products for eyes, lips and face to consumers through its retail customers, e.l.f. stores and e-commerce channels. The Company offers a range of products for eyes, such as eyeshadow, eyeliner, mascara and eyelashes, eyebrows, concealer and primer, brushes and tools, and sets and palettes.

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