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

Victory Capital Management Inc. increased its position in e.l.f. Beauty, Inc. (NYSE:ELFFree Report) by 228.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,050 shares of the company’s stock after acquiring an additional 34,102 shares during the period. Victory Capital Management Inc. owned approximately 0.09% of e.l.f. Beauty worth $5,387,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC raised its position in shares of e.l.f. Beauty by 86.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 6,603 shares of the company’s stock worth $754,000 after buying an additional 3,056 shares during the period. TD Asset Management Inc acquired a new stake in shares of e.l.f. Beauty during the second quarter valued at about $1,839,000. Robbins Farley grew its stake in e.l.f. Beauty by 105.9% in the third quarter. Robbins Farley now owns 23,620 shares of the company’s stock worth $2,594,000 after purchasing an additional 12,147 shares in the last quarter. Xponance Inc. grew its stake in e.l.f. Beauty by 6.3% in the third quarter. Xponance Inc. now owns 3,135 shares of the company’s stock worth $344,000 after purchasing an additional 185 shares in the last quarter. Finally, Mirabella Financial Services LLP acquired a new position in e.l.f. Beauty in the second quarter worth about $948,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Joshua Allen Franks sold 200 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $152.53, for a total transaction of $30,506.00. Following the sale, the senior vice president now directly owns 91,003 shares of the company’s stock, valued at $13,880,687.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 29,666 shares of the stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $150.29, for a total value of $4,458,503.14. Following the sale, the chief executive officer now directly owns 252,792 shares in the company, valued at $37,992,109.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Joshua Allen Franks sold 200 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $152.53, for a total transaction of $30,506.00. Following the completion of the sale, the senior vice president now owns 91,003 shares in the company, valued at $13,880,687.59. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,092 shares of company stock valued at $10,082,191. 5.20% of the stock is currently owned by insiders.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock opened at $164.85 on Thursday. The company has a current ratio of 2.86, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $9.10 billion, a price-to-earnings ratio of 77.03, a P/E/G ratio of 2.30 and a beta of 1.54. e.l.f. Beauty, Inc. has a 1-year low of $67.59 and a 1-year high of $174.65. The firm’s 50-day moving average price is $147.65 and its two-hundred day moving average price is $126.45.

Analyst Ratings Changes

ELF has been the subject of a number of research reports. Truist Financial lifted their target price on e.l.f. Beauty from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday. StockNews.com cut e.l.f. Beauty from a “hold” rating to a “sell” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on e.l.f. Beauty from $130.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, January 18th. Morgan Stanley boosted their target price on e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Stifel Nicolaus boosted their target price on e.l.f. Beauty from $119.00 to $141.00 and gave the stock a “hold” rating in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $160.42.

Read Our Latest Analysis on e.l.f. Beauty

e.l.f. Beauty Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

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