Capital Impact Advisors LLC Sells 2,836 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Capital Impact Advisors LLC decreased its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 41.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,986 shares of the company’s stock after selling 2,836 shares during the period. e.l.f. Beauty comprises approximately 2.4% of Capital Impact Advisors LLC’s portfolio, making the stock its 9th biggest holding. Capital Impact Advisors LLC’s holdings in e.l.f. Beauty were worth $840,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Creative Planning grew its stake in shares of e.l.f. Beauty by 18.9% in the second quarter. Creative Planning now owns 21,489 shares of the company’s stock worth $4,528,000 after acquiring an additional 3,421 shares during the last quarter. Scientech Research LLC lifted its position in e.l.f. Beauty by 66.4% in the second quarter. Scientech Research LLC now owns 5,275 shares of the company’s stock worth $1,112,000 after purchasing an additional 2,104 shares during the period. Mackenzie Financial Corp lifted its position in e.l.f. Beauty by 6.7% in the second quarter. Mackenzie Financial Corp now owns 4,184 shares of the company’s stock worth $882,000 after purchasing an additional 263 shares during the period. Davidson Kempner Capital Management LP bought a new position in e.l.f. Beauty in the second quarter worth $4,214,000. Finally, Interval Partners LP bought a new position in e.l.f. Beauty in the second quarter worth $22,964,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

ELF has been the subject of several research reports. Bank of America reduced their target price on e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, September 9th. Baird R W raised e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 18th. Canaccord Genuity Group lifted their price objective on e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Robert W. Baird lifted their price objective on e.l.f. Beauty from $230.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, UBS Group cut their price target on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus target price of $198.80.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $112.56 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $6.30 billion, a P/E ratio of 50.70, a PEG ratio of 2.33 and a beta of 1.44. The business has a 50-day moving average of $146.79 and a 200-day moving average of $171.17. e.l.f. Beauty, Inc. has a 1 year low of $88.47 and a 1 year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. The company had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. On average, equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.88 EPS for the current year.

Insider Activity

In related news, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the sale, the senior vice president now directly owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Tarang Amin sold 23,528 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the sale, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the sale, the senior vice president now directly owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The disclosure for this sale can be found here. Insiders sold a total of 42,832 shares of company stock valued at $7,074,887 in the last ninety days. 5.20% of the stock is owned by insiders.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.