e.l.f. Beauty Inc. (ELF) Shares Bought by Elk Creek Partners LLC

Elk Creek Partners LLC raised its holdings in e.l.f. Beauty Inc. (NYSE:ELF) by 68.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 421,034 shares of the company’s stock after purchasing an additional 171,034 shares during the quarter. Elk Creek Partners LLC owned approximately 0.92% of e.l.f. Beauty worth $11,456,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Neuberger Berman Group LLC raised its position in e.l.f. Beauty by 2.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 12,510 shares of the company’s stock valued at $340,000 after purchasing an additional 310 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in e.l.f. Beauty by 4.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 29,556 shares of the company’s stock valued at $852,000 after purchasing an additional 1,368 shares during the last quarter. Legal & General Group Plc raised its position in e.l.f. Beauty by 63.3% in the 2nd quarter. Legal & General Group Plc now owns 4,155 shares of the company’s stock valued at $112,000 after purchasing an additional 1,610 shares during the last quarter. Geode Capital Management LLC raised its position in e.l.f. Beauty by 2.2% in the 1st quarter. Geode Capital Management LLC now owns 100,544 shares of the company’s stock valued at $2,895,000 after purchasing an additional 2,145 shares during the last quarter. Finally, Jane Street Group LLC raised its position in e.l.f. Beauty by 29.6% in the 1st quarter. Jane Street Group LLC now owns 12,401 shares of the company’s stock valued at $357,000 after purchasing an additional 2,836 shares during the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.

ELF has been the subject of several research analyst reports. BMO Capital Markets reiterated an “outperform” rating and issued a $38.00 price objective on shares of e.l.f. Beauty in a research report on Monday, June 12th. Citigroup Inc. initiated coverage on e.l.f. Beauty in a research report on Tuesday, July 25th. They issued a “buy” rating and a $30.00 price objective for the company. Piper Jaffray Companies set a $32.00 price objective on e.l.f. Beauty and gave the company a “buy” rating in a research report on Thursday, August 10th. Cowen and Company reiterated an “outperform” rating and issued a $34.00 price objective on shares of e.l.f. Beauty in a research report on Monday, June 12th. Finally, DA Davidson initiated coverage on e.l.f. Beauty in a research report on Wednesday, September 6th. They issued a “buy” rating and a $26.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $30.59.

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In other news, insider John P. Bailey sold 6,159 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $24.72, for a total value of $152,250.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tarang Amin sold 47,380 shares of the stock in a transaction on Monday, June 19th. The shares were sold at an average price of $26.09, for a total value of $1,236,144.20. The disclosure for this sale can be found here. Insiders sold a total of 177,237 shares of company stock valued at $4,586,569 over the last quarter. 16.50% of the stock is owned by corporate insiders.

e.l.f. Beauty Inc. (NYSE:ELF) traded down 0.20% during midday trading on Friday, hitting $20.30. The stock had a trading volume of 846,499 shares. The company’s market capitalization is $935.83 million. The company’s 50-day moving average price is $20.12 and its 200 day moving average price is $23.55. e.l.f. Beauty Inc. has a 52 week low of $19.72 and a 52 week high of $32.54.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.07. e.l.f. Beauty had a return on equity of 10.54% and a net margin of 4.16%. The company had revenue of $55.90 million during the quarter, compared to analysts’ expectations of $55.73 million. The firm’s revenue was up 26.8% compared to the same quarter last year. On average, analysts expect that e.l.f. Beauty Inc. will post $0.46 EPS for the current year.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, formerly J.A. Cosmetics Holdings, Inc, is a cosmetic company. The Company conducts its business under the name e.l.f. Cosmetics, and offers products for eyes, lips and face to consumers through its retail customers, e.l.f. stores and e-commerce channels. The Company offers a range of products for eyes, such as eyeshadow, eyeliner, mascara and eyelashes, eyebrows, concealer and primer, brushes and tools, and sets and palettes.

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

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