Driehaus Capital Management LLC Raises Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Driehaus Capital Management LLC raised its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 474,562 shares of the company’s stock after buying an additional 946 shares during the period. e.l.f. Beauty makes up approximately 1.0% of Driehaus Capital Management LLC’s portfolio, making the stock its 19th largest position. Driehaus Capital Management LLC’s holdings in e.l.f. Beauty were worth $100,000,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new position in e.l.f. Beauty in the 2nd quarter valued at $26,000. Matrix Trust Co bought a new stake in e.l.f. Beauty during the 2nd quarter valued at approximately $27,000. Innealta Capital LLC purchased a new stake in e.l.f. Beauty in the second quarter worth $30,000. Harbor Investment Advisory LLC purchased a new stake in shares of e.l.f. Beauty in the 1st quarter worth about $31,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in e.l.f. Beauty by 405.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after purchasing an additional 138 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Performance

ELF opened at $112.59 on Friday. The company’s 50 day moving average is $148.09 and its 200 day moving average is $171.97. 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 company has a market cap of $6.30 billion, a price-to-earnings ratio of 50.72, a PEG ratio of 2.33 and a beta of 1.44. e.l.f. Beauty, Inc. has a 12-month low of $88.47 and a 12-month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.20. The business had revenue of $324.48 million for the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. On average, equities research analysts predict that e.l.f. Beauty, Inc. will post 2.88 EPS for the current year.

Insider Buying and Selling at e.l.f. Beauty

In other news, CEO Tarang Amin sold 15,386 shares of the firm’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.85, for a total value of $3,090,278.10. Following the transaction, the chief executive officer now owns 171,329 shares of the company’s stock, valued at $34,411,429.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Tarang Amin sold 15,386 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the sale, the chief executive officer now directly owns 171,329 shares in the company, valued at approximately $34,411,429.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the transaction, the senior vice president now directly owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,832 shares of company stock valued at $7,074,887. Company insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ELF shares. Stifel Nicolaus lifted their target price on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Baird R W raised e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 18th. B. Riley assumed coverage on e.l.f. Beauty in a research note on Tuesday, September 10th. They set a “buy” rating and a $175.00 target price on the stock. UBS Group decreased their price target on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, TD Cowen dropped 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 report on Thursday, September 12th. One 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $198.80.

e.l.f. Beauty Company 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.