Victory Capital Management Inc. Sells 4,996 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Victory Capital Management Inc. lowered its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 32.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,569 shares of the company’s stock after selling 4,996 shares during the period. Victory Capital Management Inc.’s holdings in e.l.f. Beauty were worth $1,152,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ELF. B. Riley Wealth Advisors Inc. increased its stake in shares of e.l.f. Beauty by 57.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 9,830 shares of the company’s stock valued at $1,927,000 after acquiring an additional 3,605 shares in the last quarter. Motley Fool Asset Management LLC acquired a new position in shares of e.l.f. Beauty during the first quarter valued at about $213,000. Hancock Whitney Corp bought a new position in shares of e.l.f. Beauty during the 1st quarter worth about $1,097,000. Cetera Investment Advisers grew its stake in shares of e.l.f. Beauty by 492.9% in the 1st quarter. Cetera Investment Advisers now owns 29,380 shares of the company’s stock valued at $5,759,000 after buying an additional 24,425 shares during the period. Finally, Cetera Advisors LLC bought a new stake in e.l.f. Beauty in the 1st quarter valued at about $640,000. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock opened at $124.34 on Wednesday. The business’s fifty day simple moving average is $112.82 and its 200 day simple moving average is $152.11. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. e.l.f. Beauty, Inc. has a 12 month low of $98.50 and a 12 month high of $221.83. The firm has a market capitalization of $7.00 billion, a P/E ratio of 67.21, a price-to-earnings-growth ratio of 2.77 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. The company had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 EPS. As a group, analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ELF. Truist Financial cut their price target on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. UBS Group cut their target price on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Bank of America decreased their price target on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. TD Cowen dropped their price objective 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. Finally, B. Riley decreased their target price on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.53.

Insider Activity

In other news, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 106,016 shares of the company’s stock, valued at $14,465,883.20. This represents a 18.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty 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.