e.l.f. Beauty, Inc. (NYSE:ELF) Shares Bought by Logan Capital Management Inc.

Logan Capital Management Inc. grew its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 6.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,923 shares of the company’s stock after purchasing an additional 2,565 shares during the quarter. Logan Capital Management Inc. owned approximately 0.08% of e.l.f. Beauty worth $4,680,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Retirement Systems of Alabama boosted its holdings in e.l.f. Beauty by 83.6% in the 3rd quarter. Retirement Systems of Alabama now owns 143,758 shares of the company’s stock worth $15,674,000 after buying an additional 65,448 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of e.l.f. Beauty in the third quarter worth approximately $1,160,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of e.l.f. Beauty during the third quarter worth approximately $25,000. Sanctuary Advisors LLC raised its stake in e.l.f. Beauty by 33.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,981 shares of the company’s stock valued at $761,000 after purchasing an additional 1,753 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in e.l.f. Beauty by 26.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,058 shares of the company’s stock valued at $115,000 after purchasing an additional 221 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $140.60 on Friday. The company’s 50 day simple moving average is $118.27 and its 200-day simple moving average is $149.58. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83. The company has a market capitalization of $7.92 billion, a price-to-earnings ratio of 76.00, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. During the same quarter in the previous year, the company earned $0.66 earnings per share. The firm’s quarterly revenue was up 39.7% compared to the same quarter last year. As a group, equities research analysts expect that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Analysts Set New Price Targets

ELF has been the subject of a number of recent research reports. Robert W. Baird reduced their target price on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Stifel Nicolaus decreased their target price on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. Morgan Stanley dropped their price target on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research report on Monday, September 30th. TD Cowen lowered their price objective on 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, Canaccord Genuity Group cut their target price on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $170.65.

Insider Buying and Selling

In related news, CEO Tarang Amin sold 890 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the sale, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at $13,718,582.40. This represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maureen C. Watson sold 785 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at $245,440. This represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,205 shares of company stock valued at $297,442. Corporate insiders own 3.50% of the company’s stock.

About e.l.f. Beauty

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.