Lmcg Investments LLC Has $5.78 Million Stock Holdings in e.l.f. Beauty $ELF

Lmcg Investments LLC decreased its stake in e.l.f. Beauty (NYSE:ELF) by 26.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,416 shares of the company’s stock after selling 16,532 shares during the period. Lmcg Investments LLC’s holdings in e.l.f. Beauty were worth $5,776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Champlain Investment Partners LLC increased its stake in shares of e.l.f. Beauty by 19.7% in the first quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock valued at $167,337,000 after buying an additional 438,575 shares during the period. Swedbank AB increased its stake in shares of e.l.f. Beauty by 42.6% in the first quarter. Swedbank AB now owns 1,157,760 shares of the company’s stock valued at $72,696,000 after buying an additional 345,760 shares during the period. Congress Asset Management Co. increased its stake in shares of e.l.f. Beauty by 1.3% in the second quarter. Congress Asset Management Co. now owns 951,309 shares of the company’s stock valued at $118,381,000 after buying an additional 12,339 shares during the period. Mackenzie Financial Corp increased its stake in shares of e.l.f. Beauty by 68.0% in the first quarter. Mackenzie Financial Corp now owns 862,671 shares of the company’s stock valued at $54,167,000 after buying an additional 349,024 shares during the period. Finally, Zevenbergen Capital Investments LLC increased its stake in shares of e.l.f. Beauty by 9.9% in the first quarter. Zevenbergen Capital Investments LLC now owns 682,009 shares of the company’s stock valued at $42,823,000 after buying an additional 61,282 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ELF shares. JPMorgan Chase & Co. increased their price target on e.l.f. Beauty from $130.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday. Piper Sandler assumed coverage on e.l.f. Beauty in a research report on Thursday, September 4th. They set an “overweight” rating and a $150.00 target price on the stock. Bank of America upped their target price on e.l.f. Beauty from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. B. Riley upped their target price on e.l.f. Beauty from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Finally, 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 report on Tuesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.07.

Insider Buying and Selling

In related news, insider Mandy J. Fields sold 55,692 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $136.28, for a total transaction of $7,589,705.76. Following the completion of the sale, the insider directly owned 64,154 shares of the company’s stock, valued at approximately $8,742,907.12. This trade represents a 46.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tarang Amin sold 116,315 shares of e.l.f. Beauty stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $132.24, for a total value of $15,381,495.60. Following the sale, the chief executive officer owned 81,818 shares in the company, valued at $10,819,612.32. This trade represents a 58.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 301,060 shares of company stock valued at $40,994,733. 3.90% of the stock is currently owned by company insiders.

e.l.f. Beauty Stock Down 10.8%

ELF stock opened at $129.37 on Friday. e.l.f. Beauty has a twelve month low of $49.40 and a twelve month high of $150.99. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $128.38 and its 200-day moving average is $104.65. The firm has a market capitalization of $7.67 billion, a PE ratio of 76.10, a P/E/G ratio of 3.37 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $348.99 million. During the same quarter last year, the company earned $1.10 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Sell-side analysts expect that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

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.