Summit Creek Advisors LLC Invests $3.77 Million in e.l.f. Beauty, Inc. (NYSE:ELF)

Summit Creek Advisors LLC acquired a new position in e.l.f. Beauty, Inc. (NYSE:ELF) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 30,054 shares of the company’s stock, valued at approximately $3,773,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of e.l.f. Beauty in the third quarter worth $25,000. Promus Capital LLC acquired a new stake in e.l.f. Beauty during the fourth quarter valued at $31,000. Kestra Investment Management LLC acquired a new stake in e.l.f. Beauty during the fourth quarter valued at $32,000. Financial Life Planners acquired a new stake in e.l.f. Beauty during the fourth quarter valued at $46,000. Finally, First Horizon Advisors Inc. grew its position in e.l.f. Beauty by 70.4% during the third quarter. First Horizon Advisors Inc. now owns 559 shares of the company’s stock valued at $61,000 after buying an additional 231 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $62.91 on Monday. The company’s 50-day moving average price is $85.71 and its 200-day moving average price is $107.68. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.55 billion, a P/E ratio of 37.22, a P/E/G ratio of 6.76 and a beta of 1.60. e.l.f. Beauty, Inc. has a twelve month low of $60.35 and a twelve month high of $219.77.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. On average, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. Stifel Nicolaus dropped their price target on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. The Goldman Sachs Group dropped their price target on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Canaccord Genuity Group dropped their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. B. Riley reaffirmed a “buy” rating and set a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Finally, Piper Sandler decreased their price objective on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average price target of $132.65.

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.