Yousif Capital Management LLC Sells 253 Shares of e.l.f. Beauty $ELF

Yousif Capital Management LLC lessened its holdings in e.l.f. Beauty (NYSE:ELF) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,918 shares of the company’s stock after selling 253 shares during the quarter. Yousif Capital Management LLC’s holdings in e.l.f. Beauty were worth $2,354,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its stake in e.l.f. Beauty by 61.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 76,039 shares of the company’s stock valued at $9,632,000 after purchasing an additional 28,956 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in e.l.f. Beauty by 73.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,109 shares of the company’s stock valued at $1,880,000 after purchasing an additional 6,403 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in e.l.f. Beauty in the second quarter valued at about $336,000. Fifth Third Wealth Advisors LLC acquired a new position in e.l.f. Beauty in the second quarter valued at about $215,000. Finally, Aberdeen Group plc raised its stake in e.l.f. Beauty by 152.3% in the second quarter. Aberdeen Group plc now owns 379,658 shares of the company’s stock valued at $47,245,000 after purchasing an additional 229,196 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Buying and Selling

In other news, insider Scott Milsten sold 55,581 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $134.56, for a total value of $7,478,979.36. Following the completion of the transaction, the insider owned 112,406 shares of the company’s stock, valued at $15,125,351.36. This represents a 33.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Joshua Allen Franks sold 7,913 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $145.00, for a total value of $1,147,385.00. Following the completion of the transaction, the senior vice president directly owned 99,369 shares of the company’s stock, valued at $14,408,505. This represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 301,060 shares of company stock valued at $40,994,733 over the last three months. Insiders own 3.90% of the company’s stock.

e.l.f. Beauty Stock Up 0.6%

Shares of NYSE ELF opened at $136.66 on Friday. The company has a current ratio of 3.26, a quick ratio of 2.34 and a debt-to-equity ratio of 0.32. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 80.39, a PEG ratio of 3.15 and a beta of 1.57. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $150.99. The stock has a 50-day moving average price of $131.05 and a two-hundred day moving average price of $107.07.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The company had revenue of $353.74 million during the quarter, compared to the consensus estimate of $348.99 million. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. As a group, analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ELF shares. The Goldman Sachs Group boosted their price target on e.l.f. Beauty from $137.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Canaccord Genuity Group set a $165.00 price target on e.l.f. Beauty in a research note on Tuesday, September 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of e.l.f. Beauty in a research note on Wednesday, October 8th. Bank of America boosted their target price on e.l.f. Beauty from $135.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $155.00 target price (up previously from $140.00) on shares of e.l.f. Beauty in a research note on Monday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $142.07.

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.