American Century Companies Inc. Reduces Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

American Century Companies Inc. lessened its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 18.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,382 shares of the company’s stock after selling 48,705 shares during the period. American Century Companies Inc. owned approximately 0.38% of e.l.f. Beauty worth $44,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC purchased a new position in shares of e.l.f. Beauty during the 2nd quarter valued at about $26,000. Matrix Trust Co purchased a new position in e.l.f. Beauty during the second quarter valued at 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 stake in e.l.f. Beauty in the 1st quarter worth approximately $31,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of e.l.f. Beauty by 405.9% during the 2nd 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 during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Tarang Amin sold 15,386 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.85, for a total value of $3,090,278.10. Following the completion of 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 hyperlink. In other news, SVP Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the transaction, the senior vice president now directly owns 71,986 shares in the company, valued at approximately $14,489,342.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tarang Amin sold 15,386 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $200.85, for a total value of $3,090,278.10. Following the completion of the sale, the chief executive officer now directly owns 171,329 shares in the company, valued at approximately $34,411,429.65. The disclosure for this sale can be found here. Insiders sold 19,304 shares of company stock valued at $3,864,492 in the last three months. 5.20% of the stock is currently owned by insiders.

e.l.f. Beauty Stock Down 3.0 %

ELF stock opened at $113.17 on Tuesday. 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 50-day moving average of $161.14 and a two-hundred day moving average of $176.84. e.l.f. Beauty, Inc. has a 12 month low of $88.47 and a 12 month high of $221.83. The company has a market cap of $6.38 billion, a price-to-earnings ratio of 50.98, a PEG ratio of 2.37 and a beta of 1.44.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ELF shares. Robert W. Baird increased their price target on shares of e.l.f. Beauty from $230.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. TD Cowen lowered their target price on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Raymond James restated a “strong-buy” rating and issued a $235.00 price target on shares of e.l.f. Beauty in a research note on Monday, July 22nd. Piper Sandler lowered their price target on e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Stifel Nicolaus boosted their price objective on e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and an average price target of $198.80.

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.