ClariVest Asset Management LLC Sells 8,641 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

ClariVest Asset Management LLC cut its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 49.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,819 shares of the company’s stock after selling 8,641 shares during the quarter. ClariVest Asset Management LLC’s holdings in e.l.f. Beauty were worth $1,858,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ELF. Ashton Thomas Private Wealth LLC bought a new position in e.l.f. Beauty during the second quarter worth $26,000. Matrix Trust Co bought a new stake in shares of e.l.f. Beauty during the 2nd quarter worth about $27,000. Innealta Capital LLC acquired a new position in e.l.f. Beauty in the 2nd quarter valued at about $30,000. Harbor Investment Advisory LLC bought a new position in e.l.f. Beauty in the 1st quarter valued at about $31,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after acquiring an additional 138 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. B. Riley assumed coverage on e.l.f. Beauty in a research report on Tuesday. They issued a “buy” rating and a $175.00 target price on the stock. Canaccord Genuity Group upped their price objective on e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Baird R W raised e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 18th. TD Cowen upped their price target on shares of e.l.f. Beauty from $190.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, Robert W. Baird lifted their price objective on shares of e.l.f. Beauty from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $211.00.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 548 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the sale, the chief executive officer now directly owns 214,507 shares in the company, valued at approximately $37,538,725. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the sale, the senior vice president now owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tarang Amin sold 548 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the transaction, the chief executive officer now owns 214,507 shares of the company’s stock, valued at $37,538,725. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,304 shares of company stock valued at $3,864,492. 5.20% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $114.08 on Thursday. e.l.f. Beauty, Inc. has a 1 year low of $88.47 and a 1 year high of $221.83. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 51.39, a P/E/G ratio of 2.55 and a beta of 1.45. 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’s 50 day simple moving average is $166.36 and its 200 day simple moving average is $178.90.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (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 company had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. As a group, research analysts expect that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current fiscal year.

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.