Sei Investments Co. trimmed its position in shares of e.l.f. Beauty Inc (NYSE:ELF) by 12.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 110,042 shares of the company’s stock after selling 15,794 shares during the quarter. Sei Investments Co.’s holdings in e.l.f. Beauty were worth $1,677,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Diversified Trust Co purchased a new stake in e.l.f. Beauty during the second quarter worth $169,000. Nisa Investment Advisors LLC purchased a new stake in e.l.f. Beauty during the second quarter worth $207,000. Fox Run Management L.L.C. purchased a new stake in e.l.f. Beauty during the second quarter worth $211,000. Millennium Management LLC purchased a new stake in e.l.f. Beauty during the fourth quarter worth $458,000. Finally, Massachusetts Financial Services Co. MA boosted its position in e.l.f. Beauty by 19.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 870,793 shares of the company’s stock worth $13,271,000 after purchasing an additional 139,610 shares in the last quarter. Institutional investors own 87.82% of the company’s stock.

ELF has been the topic of a number of research analyst reports. SunTrust Banks decreased their target price on e.l.f. Beauty to $14.00 and set a “buy” rating on the stock in a research report on Monday, August 13th. TheStreet cut e.l.f. Beauty from a “c-” rating to a “d+” rating in a report on Monday, July 16th. Stifel Nicolaus cut their price target on e.l.f. Beauty from $17.00 to $11.00 and set a “hold” rating for the company in a report on Thursday, August 9th. Jefferies Financial Group cut e.l.f. Beauty from a “buy” rating to a “hold” rating and boosted their price target for the stock from $18.00 to $30.00 in a report on Thursday, August 9th. Finally, BMO Capital Markets set a $13.00 price target on e.l.f. Beauty and gave the stock a “hold” rating in a report on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.44.

In related news, insider John P. Bailey sold 43,300 shares of the company’s stock in a transaction on Thursday, July 5th. The stock was sold at an average price of $16.26, for a total value of $704,058.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tarang Amin bought 65,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The stock was acquired at an average price of $10.76 per share, with a total value of $705,856.00. The disclosure for this purchase can be found here. Corporate insiders own 16.50% of the company’s stock.

NYSE ELF opened at $13.54 on Friday. e.l.f. Beauty Inc has a fifty-two week low of $9.30 and a fifty-two week high of $23.85. The firm has a market capitalization of $645.68 million, a PE ratio of 28.21, a P/E/G ratio of 6.26 and a beta of 1.10. The company has a quick ratio of 1.72, a current ratio of 3.58 and a debt-to-equity ratio of 0.70.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, August 8th. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.07. e.l.f. Beauty had a return on equity of 11.60% and a net margin of 10.52%. The company had revenue of $59.06 million during the quarter, compared to analysts’ expectations of $59.20 million. During the same period in the previous year, the firm posted $0.12 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. research analysts predict that e.l.f. Beauty Inc will post 0.32 earnings per share for the current fiscal year.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc operates as a beauty company. The company offers cosmetics, including face makeup, eye makeup, lip products, nail products, and cosmetics sets/kits; and skin care products under the e.l.f. brand name. It sells its products through 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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