Liberty One Investment Management LLC Buys 849 Shares of e.l.f. Beauty $ELF

Liberty One Investment Management LLC raised its stake in e.l.f. Beauty (NYSE:ELF) by 13.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,172 shares of the company’s stock after purchasing an additional 849 shares during the period. Liberty One Investment Management LLC’s holdings in e.l.f. Beauty were worth $892,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ELF. Champlain Investment Partners LLC increased its stake in 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 in the last quarter. Prime Capital Management Co Ltd increased its position in shares of e.l.f. Beauty by 167.8% during the first quarter. Prime Capital Management Co Ltd now owns 604,535 shares of the company’s stock worth $37,959,000 after acquiring an additional 378,826 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of e.l.f. Beauty by 68.0% during the first quarter. Mackenzie Financial Corp now owns 862,671 shares of the company’s stock worth $54,167,000 after acquiring an additional 349,024 shares in the last quarter. Swedbank AB increased its position in shares of e.l.f. Beauty by 42.6% during the first quarter. Swedbank AB now owns 1,157,760 shares of the company’s stock worth $72,696,000 after acquiring an additional 345,760 shares in the last quarter. Finally, Generate Investment Management Ltd bought a new stake in shares of e.l.f. Beauty during the first quarter worth about $21,650,000. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Trading Down 6.8%

Shares of ELF stock opened at $127.62 on Tuesday. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $150.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.34 and a current ratio of 3.26. The company has a 50-day simple moving average of $131.38 and a two-hundred day simple moving average of $108.22. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 75.07, a PEG ratio of 3.17 and a beta of 1.57.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of e.l.f. Beauty from $137.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. boosted their target price on shares of e.l.f. Beauty from $130.00 to $168.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Canaccord Genuity Group set a $165.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, September 9th. Raymond James Financial boosted their target price on shares of e.l.f. Beauty from $155.00 to $165.00 and gave the stock a “strong-buy” rating in a research report on Monday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of e.l.f. Beauty in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.73.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, insider Mandy J. Fields sold 55,692 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $136.28, for a total value of $7,589,705.76. Following the transaction, the insider directly owned 64,154 shares in the company, valued at $8,742,907.12. The trade was a 46.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joshua Allen Franks sold 7,913 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $145.00, for a total transaction of $1,147,385.00. Following the completion of the transaction, the senior vice president owned 99,369 shares in the company, valued at approximately $14,408,505. The trade was a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 301,060 shares of company stock valued at $40,994,733. Corporate insiders own 3.90% of the company’s stock.

e.l.f. Beauty 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.