Victory Capital Management Inc. Raises Holdings in e.l.f. Beauty Inc (ELF)

Victory Capital Management Inc. boosted its holdings in e.l.f. Beauty Inc (NYSE:ELF) by 48.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,754 shares of the company’s stock after acquiring an additional 5,130 shares during the quarter. Victory Capital Management Inc.’s holdings in e.l.f. Beauty were worth $201,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in e.l.f. Beauty during the 2nd quarter worth about $112,000. Schwab Charles Investment Management Inc. raised its holdings in e.l.f. Beauty by 7.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 108,291 shares of the company’s stock worth $1,651,000 after buying an additional 7,536 shares during the period. SG Americas Securities LLC acquired a new stake in e.l.f. Beauty during the 2nd quarter worth about $185,000. Nisa Investment Advisors LLC acquired a new stake in e.l.f. Beauty during the 2nd quarter worth about $207,000. Finally, Stephens Investment Management Group LLC raised its holdings in e.l.f. Beauty by 3.5% during the 2nd quarter. Stephens Investment Management Group LLC now owns 547,999 shares of the company’s stock worth $8,763,000 after buying an additional 18,724 shares during the period. Hedge funds and other institutional investors own 84.71% of the company’s stock.

NYSE:ELF opened at $12.48 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.01 and a current ratio of 3.49. e.l.f. Beauty Inc has a fifty-two week low of $9.30 and a fifty-two week high of $23.85. The stock has a market cap of $615.73 million, a price-to-earnings ratio of 26.00, a price-to-earnings-growth ratio of 5.13 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Monday, November 5th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.09. e.l.f. Beauty had a return on equity of 10.60% and a net margin of 10.11%. The company had revenue of $63.90 million for the quarter, compared to analysts’ expectations of $60.09 million. During the same quarter in the previous year, the business posted $0.17 EPS. The business’s revenue for the quarter was down 11.1% on a year-over-year basis. As a group, equities analysts forecast that e.l.f. Beauty Inc will post 0.36 earnings per share for the current fiscal year.

In other e.l.f. Beauty news, CFO John P. Bailey sold 86,600 shares of e.l.f. Beauty stock in a transaction dated Tuesday, October 9th. The stock was sold at an average price of $12.54, for a total transaction of $1,085,964.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jonathan T. Fieldman sold 68,312 shares of e.l.f. Beauty stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $13.46, for a total value of $919,479.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 751,540 shares of company stock worth $9,420,414. Company insiders own 15.50% of the company’s stock.

ELF has been the topic of several recent analyst reports. SunTrust Banks cut their price objective on e.l.f. Beauty to $14.00 and set a “buy” rating on the stock in a report on Monday, August 13th. Jefferies Financial Group set a $13.00 price objective on e.l.f. Beauty and gave the stock a “hold” rating in a report on Wednesday, September 12th. Zacks Investment Research upgraded e.l.f. Beauty from a “sell” rating to a “hold” rating in a report on Monday, August 13th. BMO Capital Markets boosted their price objective on e.l.f. Beauty from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Tuesday, November 6th. Finally, Stifel Nicolaus cut their price objective on e.l.f. Beauty from $17.00 to $11.00 and set a “hold” rating on the stock in a report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. e.l.f. Beauty currently has a consensus rating of “Hold” and an average target price of $14.25.

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e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc operates as a beauty company. The company offers cosmetics, including face makeup, eye makeup, lip products, nail products, and cosmetics sets/kits; and skin care products under the e.l.f. brand name. It sells its products through direct-to-consumer channels, which include e-commerce and e.l.f.

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

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