AMI Asset Management Corp Has $978,000 Stock Holdings in e.l.f. Beauty $ELF

AMI Asset Management Corp trimmed its position in e.l.f. Beauty (NYSE:ELF) by 15.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,857 shares of the company’s stock after selling 1,386 shares during the quarter. AMI Asset Management Corp’s holdings in e.l.f. Beauty were worth $978,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC grew its holdings in e.l.f. Beauty by 19.7% in the 1st quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock valued at $167,337,000 after buying an additional 438,575 shares in the last quarter. Swedbank AB grew its holdings in e.l.f. Beauty by 42.6% in the 1st quarter. Swedbank AB now owns 1,157,760 shares of the company’s stock valued at $72,696,000 after buying an additional 345,760 shares in the last quarter. Congress Asset Management Co. grew its holdings in e.l.f. Beauty by 1.3% in the 2nd quarter. Congress Asset Management Co. now owns 951,309 shares of the company’s stock valued at $118,381,000 after buying an additional 12,339 shares in the last quarter. Mackenzie Financial Corp grew its holdings in e.l.f. Beauty by 68.0% in the 1st quarter. Mackenzie Financial Corp now owns 862,671 shares of the company’s stock valued at $54,167,000 after buying an additional 349,024 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC grew its holdings in e.l.f. Beauty by 9.9% in the 1st quarter. Zevenbergen Capital Investments LLC now owns 682,009 shares of the company’s stock valued at $42,823,000 after buying an additional 61,282 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $135.09 on Thursday. The stock’s 50-day simple moving average is $125.85 and its 200 day simple moving average is $101.07. The firm has a market capitalization of $8.01 billion, a PE ratio of 79.47, a price-to-earnings-growth ratio of 3.07 and a beta of 1.57. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. e.l.f. Beauty has a twelve month low of $49.40 and a twelve month high of $150.99.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. The business had revenue of $353.74 million for the quarter, compared to analyst estimates of $348.99 million. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.e.l.f. Beauty’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $1.10 earnings per share. On average, analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. The Goldman Sachs Group increased their target price on e.l.f. Beauty from $120.00 to $137.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft lowered e.l.f. Beauty from a “buy” rating to a “hold” rating and increased their target price for the stock from $121.00 to $128.00 in a report on Tuesday, September 2nd. Morgan Stanley raised e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $114.00 to $134.00 in a report on Monday, August 11th. Robert W. Baird increased their target price on e.l.f. Beauty from $110.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, June 6th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $155.00 target price (up from $140.00) on shares of e.l.f. Beauty in a report on Monday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $133.40.

Insiders Place Their Bets

In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 1,304 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $136.32, for a total value of $177,761.28. Following the completion of the transaction, the insider directly owned 52,599 shares in the company, valued at approximately $7,170,295.68. This trade represents a 2.42% 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 Kory Marchisotto sold 10,812 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $150.00, for a total value of $1,621,800.00. Following the completion of the transaction, the insider owned 133,976 shares of the company’s stock, valued at $20,096,400. This represents a 7.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 184,745 shares of company stock valued at $25,613,238 over the last ninety days. 3.90% of the stock is owned by insiders.

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.