e.l.f. Beauty $ELF Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. decreased its position in shares of e.l.f. Beauty (NYSE:ELF) by 6.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,209 shares of the company’s stock after selling 369 shares during the period. Logan Capital Management Inc.’s holdings in e.l.f. Beauty were worth $648,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ELF. Champlain Investment Partners LLC increased its holdings in shares of e.l.f. Beauty by 19.7% in the first quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock valued at $167,337,000 after purchasing an additional 438,575 shares during the period. Prime Capital Management Co Ltd increased its holdings in shares of e.l.f. Beauty by 167.8% in the first quarter. Prime Capital Management Co Ltd now owns 604,535 shares of the company’s stock valued at $37,959,000 after purchasing an additional 378,826 shares during the period. Mackenzie Financial Corp increased its holdings in shares of e.l.f. Beauty by 68.0% in the first quarter. Mackenzie Financial Corp now owns 862,671 shares of the company’s stock valued at $54,167,000 after purchasing an additional 349,024 shares during the period. Swedbank AB increased its holdings in shares of e.l.f. Beauty by 42.6% in the first quarter. Swedbank AB now owns 1,157,760 shares of the company’s stock valued at $72,696,000 after purchasing an additional 345,760 shares during the period. Finally, Aberdeen Group plc increased its holdings in shares of e.l.f. Beauty by 152.3% in the second quarter. Aberdeen Group plc now owns 379,658 shares of the company’s stock valued at $47,245,000 after purchasing an additional 229,196 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Stock Up 4.4%

e.l.f. Beauty stock opened at $131.69 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.34. e.l.f. Beauty has a 1-year low of $49.40 and a 1-year high of $150.99. The company has a market cap of $7.81 billion, a PE ratio of 77.47, a price-to-earnings-growth ratio of 2.93 and a beta of 1.57. The stock’s 50 day moving average price is $132.12 and its 200 day moving average price is $111.27.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share for the quarter, beating 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 firm had revenue of $353.74 million for the quarter, compared to the consensus estimate of $348.99 million. During the same period in the previous year, the business earned $1.10 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, sell-side analysts predict that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Analysts Set New Price Targets

ELF has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on e.l.f. Beauty from $130.00 to $168.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Piper Sandler reissued an “overweight” rating on shares of e.l.f. Beauty in a report on Wednesday, October 22nd. The Goldman Sachs Group boosted their target price on e.l.f. Beauty from $137.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Cowen reissued a “buy” rating on shares of e.l.f. Beauty in a report on Wednesday, October 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of e.l.f. Beauty in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus price target of $145.07.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, insider Scott Milsten sold 15,000 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $150.23, for a total transaction of $2,253,450.00. Following the sale, the insider directly owned 97,406 shares in the company, valued at approximately $14,633,303.38. The trade was a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mandy J. Fields sold 5,298 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $150.21, for a total value of $795,812.58. Following the sale, the insider owned 58,856 shares in the company, valued at approximately $8,840,759.76. The trade was a 8.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 301,060 shares of company stock valued at $40,994,733 in the last 90 days. 3.90% of the stock is owned by corporate insiders.

e.l.f. Beauty Company Profile

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.