AMI Asset Management Corp Has $979,000 Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

AMI Asset Management Corp grew its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 3.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,795 shares of the company’s stock after buying an additional 266 shares during the quarter. AMI Asset Management Corp’s holdings in e.l.f. Beauty were worth $979,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors 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 3rd quarter valued at $25,000. Planning Capital Management Corp lifted its position in shares of e.l.f. Beauty by 1,855.0% during the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after buying an additional 371 shares during the last quarter. nVerses Capital LLC acquired a new stake in e.l.f. Beauty in the third quarter valued at about $44,000. Peterson Financial Group Inc. bought a new position in e.l.f. Beauty in the third quarter valued at about $45,000. Finally, Blue Trust Inc. raised its stake in e.l.f. Beauty by 2,357.1% during the third quarter. Blue Trust Inc. now owns 516 shares of the company’s stock worth $56,000 after acquiring an additional 495 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on ELF. Stifel Nicolaus dropped their price objective on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. DA Davidson restated a “buy” rating and set a $170.00 price objective on shares of e.l.f. Beauty in a research report on Thursday, December 19th. Bank of America lowered their target price on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. B. Riley cut their price target on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, Robert W. Baird lowered their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $169.06.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $127.17 on Tuesday. The stock has a 50-day moving average of $129.27 and a 200-day moving average of $136.48. e.l.f. Beauty, Inc. has a one year low of $98.50 and a one year high of $221.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The company has a market cap of $7.16 billion, a PE ratio of 68.74, a P/E/G ratio of 2.21 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 39.7% on a year-over-year basis. On average, equities research analysts predict that e.l.f. Beauty, Inc. will post 2.79 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Scott Milsten sold 530 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares of the company’s stock, valued at $9,474,172.80. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tarang Amin sold 890 shares of the firm’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 value of $122,464.00. Following the completion of the transaction, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,205 shares of company stock worth $297,442. Insiders own 3.50% of the company’s stock.

About e.l.f. Beauty

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.