AMI Asset Management Corp Reduces Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

AMI Asset Management Corp lessened its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 3.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,830 shares of the company’s stock after selling 277 shares during the quarter. AMI Asset Management Corp’s holdings in e.l.f. Beauty were worth $1,731,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in shares of e.l.f. Beauty by 83.7% during the third quarter. Envestnet Asset Management Inc. now owns 62,855 shares of the company’s stock worth $6,903,000 after purchasing an additional 28,635 shares in the last quarter. LPL Financial LLC raised its position in shares of e.l.f. Beauty by 55.5% in the third quarter. LPL Financial LLC now owns 34,976 shares of the company’s stock valued at $3,841,000 after buying an additional 12,481 shares during the last quarter. Mariner LLC lifted its stake in shares of e.l.f. Beauty by 42.8% in the third quarter. Mariner LLC now owns 4,164 shares of the company’s stock worth $457,000 after buying an additional 1,249 shares in the last quarter. Natixis Advisors L.P. lifted its stake in shares of e.l.f. Beauty by 14.0% in the third quarter. Natixis Advisors L.P. now owns 18,871 shares of the company’s stock worth $2,073,000 after buying an additional 2,312 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in e.l.f. Beauty by 271.1% during the third quarter. Tower Research Capital LLC TRC now owns 3,511 shares of the company’s stock worth $386,000 after acquiring an additional 2,565 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

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

In related news, SVP Joshua Allen Franks sold 727 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the transaction, the senior vice president now directly owns 83,736 shares in the company, valued at $13,829,837.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 727 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $165.16, for a total value of $120,071.32. Following the transaction, the senior vice president now owns 83,736 shares of the company’s stock, valued at $13,829,837.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kory Marchisotto sold 29,408 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $166.40, for a total value of $4,893,491.20. Following the transaction, the insider now directly owns 156,969 shares of the company’s stock, valued at $26,119,641.60. The disclosure for this sale can be found here. Insiders sold a total of 256,167 shares of company stock worth $44,029,811 in the last 90 days. 5.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Canaccord Genuity Group increased their price target on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. TD Cowen raised their price target on shares of e.l.f. Beauty from $190.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Bank of America cut their price objective on e.l.f. Beauty from $230.00 to $220.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Canaccord Genuity Group boosted their target price on e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Finally, Truist Financial increased their price target on e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $198.93.

e.l.f. Beauty Price Performance

Shares of ELF stock traded down $2.21 during trading hours on Thursday, hitting $202.02. The company’s stock had a trading volume of 580,348 shares, compared to its average volume of 1,521,324. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25. e.l.f. Beauty, Inc. has a twelve month low of $88.47 and a twelve month high of $221.83. The stock has a market cap of $11.30 billion, a price-to-earnings ratio of 90.99, a P/E/G ratio of 5.18 and a beta of 1.46. The business has a fifty day moving average of $183.54 and a 200-day moving average of $176.03.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, May 22nd. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.16. The firm had revenue of $321.14 million during the quarter, compared to the consensus estimate of $292.47 million. e.l.f. Beauty had a net margin of 12.47% and a return on equity of 26.64%. As a group, equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.85 EPS for the current year.

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.