Rice Hall James & Associates LLC Decreases Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Rice Hall James & Associates LLC lessened its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 6.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 20,294 shares of the company’s stock after selling 1,415 shares during the quarter. Rice Hall James & Associates LLC’s holdings in e.l.f. Beauty were worth $4,276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new position in shares of e.l.f. Beauty during the 2nd quarter worth about $26,000. Matrix Trust Co purchased a new stake in e.l.f. Beauty during the second quarter worth approximately $27,000. Innealta Capital LLC acquired a new position in e.l.f. Beauty in the second quarter valued at approximately $30,000. Harbor Investment Advisory LLC purchased a new position in e.l.f. Beauty in the first quarter valued at approximately $31,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after purchasing an additional 138 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ELF. Stifel Nicolaus upped their target price on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Raymond James reaffirmed a “strong-buy” rating and set a $235.00 price objective on shares of e.l.f. Beauty in a report on Monday, July 22nd. UBS Group reduced their target price 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. Canaccord Genuity Group raised their price target on e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Finally, Bank of America reduced their price objective on e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $211.00.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $110.38 on Wednesday. The stock has a market capitalization of $6.22 billion, a P/E ratio of 49.72, a P/E/G ratio of 2.55 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. e.l.f. Beauty, Inc. has a 1 year low of $88.47 and a 1 year high of $221.83. The company’s fifty day moving average is $168.12 and its two-hundred day moving average is $179.35.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. The business had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. On average, sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Joshua Allen Franks sold 3,370 shares of the firm’s 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other e.l.f. Beauty news, CEO Tarang Amin sold 15,386 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the transaction, the chief executive officer now directly owns 171,329 shares in the company, valued at $34,411,429.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the transaction, 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. In the last 90 days, insiders have sold 19,304 shares of company stock worth $3,864,492. Company insiders own 5.20% of the company’s stock.

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.