1,114,901 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Acquired by Champlain Investment Partners LLC

Champlain Investment Partners LLC acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,114,901 shares of the company’s stock, valued at approximately $121,558,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Covenant Asset Management LLC increased its stake in shares of e.l.f. Beauty by 2.0% during the third quarter. Covenant Asset Management LLC now owns 22,905 shares of the company’s stock valued at $2,497,000 after buying an additional 451 shares during the period. Eagle Asset Management Inc. grew its holdings in e.l.f. Beauty by 162.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 202,204 shares of the company’s stock worth $24,305,000 after acquiring an additional 125,255 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in e.l.f. Beauty by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 514,095 shares of the company’s stock valued at $56,052,000 after purchasing an additional 9,711 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of e.l.f. Beauty by 27.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 256,810 shares of the company’s stock valued at $28,000,000 after purchasing an additional 55,461 shares in the last quarter. Finally, Primecap Management Co. CA bought a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at about $34,917,000. 92.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on ELF shares. Bank of America cut their price objective on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Jefferies Financial Group cut their price target on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Piper Sandler reissued an “overweight” rating and issued a $165.00 price target (up from $162.00) on shares of e.l.f. Beauty in a research report on Thursday, November 7th. Morgan Stanley dropped their price objective on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Monday, September 30th. Finally, TD Cowen reduced their target price on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average target price of $173.53.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.50% of the company’s stock.

e.l.f. Beauty Trading Up 3.2 %

Shares of e.l.f. Beauty stock opened at $126.42 on Friday. The firm’s 50 day simple moving average is $112.24 and its two-hundred day simple moving average is $152.81. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 68.34, a PEG ratio of 2.68 and a beta of 1.44. e.l.f. Beauty, Inc. has a 12-month low of $98.50 and a 12-month high of $221.83. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The firm had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. During the same period in the prior year, the firm earned $0.66 EPS. The firm’s revenue was up 39.7% on a year-over-year basis. Analysts predict that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

About e.l.f. Beauty

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.