Summit Creek Advisors LLC Acquires New Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Summit Creek Advisors LLC acquired a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 30,054 shares of the company’s stock, valued at approximately $3,773,000. Summit Creek Advisors LLC owned approximately 0.05% of e.l.f. Beauty at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ELF. Wilmington Savings Fund Society FSB bought a new stake in e.l.f. Beauty during the 3rd quarter valued at about $25,000. Promus Capital LLC bought a new stake in e.l.f. Beauty during the 4th quarter valued at about $31,000. Kestra Investment Management LLC bought a new stake in e.l.f. Beauty during the 4th quarter valued at about $32,000. Financial Life Planners bought a new stake in e.l.f. Beauty during the 4th quarter valued at about $46,000. Finally, First Horizon Advisors Inc. lifted its holdings in e.l.f. Beauty by 70.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 559 shares of the company’s stock valued at $61,000 after buying an additional 231 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ELF has been the subject of a number of research analyst reports. The Goldman Sachs Group decreased their price objective on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a report on Friday, February 21st. B. Riley restated a “buy” rating and issued a $90.00 price target (down previously from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Raymond James reduced their price target on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a report on Friday, February 7th. Piper Sandler reduced their price target on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, Canaccord Genuity Group reduced their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a report on Friday, February 7th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus price target of $132.65.

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

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the transaction, the director now owns 1,888 shares in the company, valued at approximately $127,232.32. This represents a 67.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.50% of the stock is currently owned by company insiders.

e.l.f. Beauty Trading Up 0.8 %

NYSE:ELF opened at $62.91 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 52 week low of $60.35 and a 52 week high of $219.77. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 6.76 and a beta of 1.60. The firm has a 50 day moving average of $85.71 and a 200 day moving average of $107.68.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. As a group, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

e.l.f. Beauty Profile

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.