Schwab Charles Investment Management Inc. boosted its position in shares of e.l.f. Beauty Inc (NYSE:ELF) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 108,291 shares of the company’s stock after buying an additional 7,536 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.23% of e.l.f. Beauty worth $1,651,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Diversified Trust Co acquired a new stake in e.l.f. Beauty during the second quarter valued at $169,000. SG Americas Securities LLC acquired a new stake in e.l.f. Beauty during the second quarter valued at $185,000. Nisa Investment Advisors LLC acquired a new stake in e.l.f. Beauty during the second quarter valued at $207,000. Fox Run Management L.L.C. acquired a new stake in e.l.f. Beauty during the second quarter valued at $211,000. Finally, Trexquant Investment LP acquired a new stake in e.l.f. Beauty during the second quarter valued at $530,000. Institutional investors own 87.82% of the company’s stock.

Several brokerages have recently issued reports on ELF. DA Davidson reiterated a “neutral” rating and issued a $12.25 target price (down previously from $23.00) on shares of e.l.f. Beauty in a research report on Thursday, August 9th. SunTrust Banks dropped their target price on shares of e.l.f. Beauty to $14.00 and set a “buy” rating on the stock in a research report on Monday, August 13th. Zacks Investment Research lowered shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Friday, July 27th. Jefferies Financial Group set a $13.00 target price on shares of e.l.f. Beauty and gave the company a “hold” rating in a research report on Wednesday, September 12th. Finally, ValuEngine upgraded shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. e.l.f. Beauty has a consensus rating of “Hold” and an average price target of $16.44.

In related news, insider Jonathan T. Fieldman sold 68,312 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $13.46, for a total transaction of $919,479.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO John P. Bailey sold 86,600 shares of the business’s stock in a transaction dated Tuesday, October 9th. The stock was sold at an average price of $12.54, for a total transaction of $1,085,964.00. The disclosure for this sale can be found here. Insiders have sold 336,440 shares of company stock worth $4,370,604 over the last 90 days. 15.50% of the stock is currently owned by company insiders.

Shares of NYSE ELF opened at $11.51 on Friday. e.l.f. Beauty Inc has a 52-week low of $9.30 and a 52-week high of $23.85. The stock has a market capitalization of $605.72 million, a PE ratio of 23.69, a P/E/G ratio of 5.87 and a beta of 1.14. The company has a current ratio of 3.58, a quick ratio of 1.72 and a debt-to-equity ratio of 0.70.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.07. The business had revenue of $59.06 million for the quarter, compared to analyst estimates of $59.20 million. e.l.f. Beauty had a net margin of 10.52% and a return on equity of 11.60%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.12 earnings per share. 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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