Champlain Investment Partners LLC Has $279.53 Million Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Champlain Investment Partners LLC grew its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 99.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,226,451 shares of the company’s stock after buying an additional 1,111,550 shares during the period. e.l.f. Beauty accounts for approximately 1.8% of Champlain Investment Partners LLC’s investment portfolio, making the stock its 7th largest holding. Champlain Investment Partners LLC owned approximately 3.95% of e.l.f. Beauty worth $279,531,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Osterweis Capital Management Inc. grew its holdings in e.l.f. Beauty by 62.3% during the 4th quarter. Osterweis Capital Management Inc. now owns 127,839 shares of the company’s stock worth $16,050,000 after acquiring an additional 49,050 shares during the period. Portolan Capital Management LLC lifted its stake in e.l.f. Beauty by 92.8% in the fourth quarter. Portolan Capital Management LLC now owns 229,998 shares of the company’s stock valued at $28,876,000 after buying an additional 110,709 shares during the period. CreativeOne Wealth LLC bought a new position in e.l.f. Beauty during the fourth quarter worth about $264,000. Summit Investment Advisors Inc. increased its stake in shares of e.l.f. Beauty by 40.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 21,483 shares of the company’s stock valued at $2,697,000 after acquiring an additional 6,214 shares during the last quarter. Finally, Townsquare Capital LLC boosted its stake in e.l.f. Beauty by 24.4% during the 4th quarter. Townsquare Capital LLC now owns 51,398 shares of the company’s stock worth $6,453,000 after acquiring an additional 10,079 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. B. Riley reiterated a “buy” rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Stifel Nicolaus lowered 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, February 3rd. Raymond James reduced their price target on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a report on Friday, February 7th. DA Davidson cut their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. lowered their target price on e.l.f. Beauty from $127.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $124.76.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $50.11 on Thursday. e.l.f. Beauty, Inc. has a one year low of $49.40 and a one year high of $219.77. The company has a market cap of $2.83 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. The firm has a 50-day moving average of $64.93 and a 200-day moving average of $99.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. As a group, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Insider Activity

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at $127,232.32. This represents a 67.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.50% of the company’s stock.

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.