Victory Capital Management Inc. Has $25.54 Million Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Victory Capital Management Inc. cut its position in shares of e.l.f. Beauty, Inc. (NYSE:ELFGet Rating) by 46.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 678,809 shares of the company’s stock after selling 590,730 shares during the quarter. Victory Capital Management Inc. owned 1.29% of e.l.f. Beauty worth $25,537,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ELF. Keybank National Association OH acquired a new stake in e.l.f. Beauty during the second quarter valued at approximately $676,000. Verition Fund Management LLC acquired a new stake in e.l.f. Beauty during the second quarter valued at approximately $744,000. SG Americas Securities LLC acquired a new stake in e.l.f. Beauty during the second quarter valued at approximately $644,000. State of Alaska Department of Revenue boosted its holdings in e.l.f. Beauty by 8.7% during the second quarter. State of Alaska Department of Revenue now owns 36,262 shares of the company’s stock valued at $1,112,000 after purchasing an additional 2,910 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in e.l.f. Beauty by 2.1% during the second quarter. Thrivent Financial for Lutherans now owns 1,005,519 shares of the company’s stock valued at $30,849,000 after purchasing an additional 20,600 shares in the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ELF has been the topic of a number of recent research reports. StockNews.com initiated coverage on e.l.f. Beauty in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Canaccord Genuity Group began coverage on shares of e.l.f. Beauty in a research note on Thursday, November 17th. They issued a “buy” rating and a $63.00 target price for the company. Raymond James lifted their target price on shares of e.l.f. Beauty from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, November 3rd. Piper Sandler lifted their target price on shares of e.l.f. Beauty from $55.00 to $64.00 in a research note on Tuesday, January 3rd. Finally, Canaccord Genuity Group began coverage on shares of e.l.f. Beauty in a research note on Wednesday, November 16th. They issued a “buy” rating for the company. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $54.60.

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

In other e.l.f. Beauty news, CEO Tarang Amin sold 3,336 shares of the company’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $43.98, for a total transaction of $146,717.28. Following the completion of the sale, the chief executive officer now owns 364,382 shares in the company, valued at approximately $16,025,520.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other e.l.f. Beauty news, insider Scott Milsten sold 55,000 shares of the company’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $56.98, for a total transaction of $3,133,900.00. Following the completion of the sale, the insider now owns 127,560 shares in the company, valued at approximately $7,268,368.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tarang Amin sold 3,336 shares of the company’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $43.98, for a total transaction of $146,717.28. Following the sale, the chief executive officer now owns 364,382 shares of the company’s stock, valued at approximately $16,025,520.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 198,076 shares of company stock worth $10,089,572. Insiders own 8.20% of the company’s stock.

e.l.f. Beauty Stock Performance

ELF stock opened at $54.00 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.44 and a quick ratio of 2.31. The company has a 50 day moving average price of $54.36 and a 200 day moving average price of $44.20. e.l.f. Beauty, Inc. has a fifty-two week low of $20.49 and a fifty-two week high of $58.76. The stock has a market capitalization of $2.86 billion, a PE ratio of 85.72, a price-to-earnings-growth ratio of 2.61 and a beta of 1.54.

e.l.f. Beauty (NYSE:ELFGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.12. e.l.f. Beauty had a net margin of 7.57% and a return on equity of 11.83%. The firm had revenue of $122.35 million during the quarter, compared to analysts’ expectations of $106.29 million. Analysts forecast that e.l.f. Beauty, Inc. will post 0.78 EPS for the current year.

e.l.f. Beauty Profile

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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.

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

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