Charles Schwab Investment Management Inc. Has $56.05 Million Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Charles Schwab Investment Management Inc. lifted its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 1.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 514,095 shares of the company’s stock after buying an additional 9,711 shares during the period. Charles Schwab Investment Management Inc.’s holdings in e.l.f. Beauty were worth $56,052,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in e.l.f. Beauty in the second quarter worth $26,000. Matrix Trust Co acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at about $27,000. Innealta Capital LLC bought a new stake in e.l.f. Beauty in the 2nd quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. raised its stake in e.l.f. Beauty by 405.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after buying an additional 138 shares during the period. Finally, Crewe Advisors LLC boosted its holdings in e.l.f. Beauty by 456.3% in the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock worth $38,000 after acquiring an additional 146 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

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

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the sale, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at $14,465,883.20. This represents a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.50% of the stock is owned by corporate insiders.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $129.52 on Friday. The company has a market capitalization of $7.30 billion, a P/E ratio of 70.01, a price-to-earnings-growth ratio of 2.79 and a beta of 1.44. The company’s 50-day moving average is $113.65 and its 200 day moving average is $151.47. 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 fifty-two week low of $98.50 and a fifty-two week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The firm had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $289.43 million. During the same period in the previous year, the company earned $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 forecast that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ELF shares. Truist Financial lowered their target price on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. TD Cowen dropped their price objective on shares of 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. Piper Sandler reissued an “overweight” rating and set a $165.00 target price (up from $162.00) on shares of e.l.f. Beauty in a research report on Thursday, November 7th. Canaccord Genuity Group lowered their target price on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, UBS Group cut 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $173.53.

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.