Advisors Asset Management Inc. Acquires 207 Shares of e.l.f. Beauty $ELF

Advisors Asset Management Inc. raised its holdings in shares of e.l.f. Beauty (NYSE:ELF) by 19.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,279 shares of the company’s stock after acquiring an additional 207 shares during the quarter. Advisors Asset Management Inc.’s holdings in e.l.f. Beauty were worth $80,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Champlain Investment Partners LLC boosted its holdings in shares of e.l.f. Beauty by 19.7% in the 1st quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock valued at $167,337,000 after buying an additional 438,575 shares during the last quarter. Congress Asset Management Co. boosted its holdings in shares of e.l.f. Beauty by 53.7% in the 1st quarter. Congress Asset Management Co. now owns 938,970 shares of the company’s stock valued at $58,958,000 after buying an additional 327,980 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of e.l.f. Beauty by 68.0% in the 1st quarter. Mackenzie Financial Corp now owns 862,671 shares of the company’s stock valued at $54,167,000 after buying an additional 349,024 shares during the last quarter. Zevenbergen Capital Investments LLC boosted its holdings in shares of e.l.f. Beauty by 9.9% in the 1st quarter. Zevenbergen Capital Investments LLC now owns 682,009 shares of the company’s stock valued at $42,823,000 after buying an additional 61,282 shares during the last quarter. Finally, Prime Capital Management Co Ltd boosted its holdings in shares of e.l.f. Beauty by 167.8% in the 1st quarter. Prime Capital Management Co Ltd now owns 604,535 shares of the company’s stock valued at $37,959,000 after buying an additional 378,826 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Insider Activity at e.l.f. Beauty

In other news, insider Kory Marchisotto sold 13,515 shares of e.l.f. Beauty stock in a transaction on Friday, September 12th. The stock was sold at an average price of $140.10, for a total transaction of $1,893,451.50. Following the completion of the sale, the insider owned 144,788 shares of the company’s stock, valued at approximately $20,284,798.80. This trade represents a 8.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauren Cooks Levitan sold 4,630 shares of e.l.f. Beauty stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $118.94, for a total value of $550,692.20. Following the sale, the director directly owned 11,507 shares of the company’s stock, valued at $1,368,642.58. This represents a 28.69% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 145,722 shares of company stock valued at $19,794,790. 3.90% of the stock is currently owned by insiders.

e.l.f. Beauty Trading Down 2.0%

Shares of e.l.f. Beauty stock opened at $135.34 on Friday. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $147.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.34. The company has a market capitalization of $8.03 billion, a price-to-earnings ratio of 79.61, a P/E/G ratio of 3.35 and a beta of 1.59. The business has a fifty day simple moving average of $119.77 and a two-hundred day simple moving average of $94.85.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The company had revenue of $353.74 million during the quarter, compared to the consensus estimate of $348.99 million. During the same quarter last year, the firm earned $1.10 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. Research analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ELF. Truist Financial increased their price objective on e.l.f. Beauty from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, June 6th. Deutsche Bank Aktiengesellschaft downgraded e.l.f. Beauty from a “buy” rating to a “hold” rating and increased their price objective for the company from $121.00 to $128.00 in a report on Tuesday, September 2nd. Raymond James Financial reissued a “strong-buy” rating and issued a $155.00 price objective (up previously from $140.00) on shares of e.l.f. Beauty in a report on Monday, September 8th. The Goldman Sachs Group increased their price objective on e.l.f. Beauty from $120.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Finally, Canaccord Genuity Group set a $165.00 price target on e.l.f. Beauty in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average target price of $131.73.

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.