Victory Capital Management Inc. Acquires 5,334 Shares of e.l.f. Beauty Inc (NYSE:ELF)

Victory Capital Management Inc. lifted its holdings in shares of e.l.f. Beauty Inc (NYSE:ELF) by 32.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,728 shares of the company’s stock after buying an additional 5,334 shares during the period. Victory Capital Management Inc.’s holdings in e.l.f. Beauty were worth $230,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. bought a new stake in shares of e.l.f. Beauty during the 4th quarter valued at about $32,000. Quantamental Technologies LLC acquired a new position in e.l.f. Beauty during the 1st quarter valued at about $36,000. Sun Life Financial INC acquired a new position in e.l.f. Beauty during the 4th quarter valued at about $50,000. BNP Paribas Arbitrage SA boosted its stake in e.l.f. Beauty by 862.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,253 shares of the company’s stock valued at $56,000 after purchasing an additional 4,707 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of e.l.f. Beauty in the 4th quarter worth approximately $94,000. 82.56% of the stock is owned by institutional investors and hedge funds.

In other e.l.f. Beauty news, Director Maureen C. Watson sold 5,000 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $11.98, for a total value of $59,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Tpg Growth Ii Advisors, Inc. sold 3,000,000 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $10.75, for a total transaction of $32,250,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,063,100 shares of company stock valued at $33,065,222. 17.10% of the stock is owned by insiders.

A number of analysts have recently weighed in on the stock. DA Davidson reduced their price target on shares of e.l.f. Beauty to $7.00 and set a “neutral” rating for the company in a research note on Wednesday, March 13th. Citigroup set a $13.00 target price on shares of e.l.f. Beauty and gave the company a “hold” rating in a research note on Monday, May 13th. Jefferies Financial Group raised shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and increased their target price for the company from $10.00 to $14.00 in a research note on Wednesday, April 3rd. Morgan Stanley raised shares of e.l.f. Beauty from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $6.00 to $10.50 in a research note on Tuesday, June 4th. Finally, Zacks Investment Research lowered shares of e.l.f. Beauty from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. e.l.f. Beauty currently has an average rating of “Hold” and an average target price of $11.41.

Shares of ELF traded down $0.11 during mid-day trading on Friday, hitting $14.10. 1,737,793 shares of the company’s stock were exchanged, compared to its average volume of 713,931. The firm’s fifty day simple moving average is $12.00. e.l.f. Beauty Inc has a twelve month low of $6.70 and a twelve month high of $16.91. The firm has a market capitalization of $687.60 million, a PE ratio of 32.05, a price-to-earnings-growth ratio of 15.78 and a beta of 1.99. The company has a current ratio of 3.30, a quick ratio of 2.22 and a debt-to-equity ratio of 0.61.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). The business had revenue of $66.14 million for the quarter, compared to analyst estimates of $56.91 million. e.l.f. Beauty had a positive return on equity of 8.88% and a negative net margin of 1.15%. As a group, equities research analysts forecast that e.l.f. Beauty Inc will post 0.15 EPS for the current year.

About e.l.f. Beauty

e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce and e.l.f.

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Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

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