Logan Capital Management Inc. Trims Stock Holdings in e.l.f. Beauty $ELF

Logan Capital Management Inc. reduced its stake in e.l.f. Beauty (NYSE:ELF) by 6.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,209 shares of the company’s stock after selling 369 shares during the quarter. Logan Capital Management Inc.’s holdings in e.l.f. Beauty were worth $648,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ELF. GAMMA Investing LLC lifted its position in shares of e.l.f. Beauty by 132.2% in the first quarter. GAMMA Investing LLC now owns 1,999 shares of the company’s stock valued at $126,000 after acquiring an additional 1,138 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of e.l.f. Beauty by 79.3% in the first quarter. Oppenheimer & Co. Inc. now owns 8,047 shares of the company’s stock valued at $505,000 after acquiring an additional 3,558 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of e.l.f. Beauty in the first quarter valued at $33,000. KBC Group NV lifted its position in shares of e.l.f. Beauty by 0.6% in the first quarter. KBC Group NV now owns 283,862 shares of the company’s stock valued at $17,824,000 after acquiring an additional 1,765 shares in the last quarter. Finally, Peregrine Capital Management LLC lifted its position in shares of e.l.f. Beauty by 25.6% in the first quarter. Peregrine Capital Management LLC now owns 75,279 shares of the company’s stock valued at $4,727,000 after acquiring an additional 15,362 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, insider Mandy J. Fields sold 5,298 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $150.21, for a total transaction of $795,812.58. Following the completion of the sale, the insider directly owned 58,856 shares in the company, valued at $8,840,759.76. This represents a 8.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Scott Milsten sold 15,000 shares of the company’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $150.23, for a total value of $2,253,450.00. Following the sale, the insider owned 97,406 shares of the company’s stock, valued at $14,633,303.38. This represents a 13.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders 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 Performance

Shares of NYSE:ELF opened at $131.69 on Wednesday. The firm has a market capitalization of $7.81 billion, a PE ratio of 77.47, a P/E/G ratio of 2.93 and a beta of 1.57. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.34. The business has a 50-day moving average of $132.12 and a two-hundred day moving average of $111.27. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $150.99.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ELF. Jefferies Financial Group upped their price objective on e.l.f. Beauty from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered e.l.f. Beauty from a “buy” rating to a “hold” rating and upped their target price for the company from $121.00 to $128.00 in a research note on Tuesday, September 2nd. JPMorgan Chase & Co. upped their target price on e.l.f. Beauty from $130.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Raymond James Financial upped their target price on e.l.f. Beauty from $155.00 to $165.00 and gave the company a “strong-buy” rating in a research note on Monday, October 20th. Finally, UBS Group upped their target price on e.l.f. Beauty from $112.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.07.

About e.l.f. Beauty

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.