Summit Creek Advisors LLC Has $3.76 Million Stake in e.l.f. Beauty (NYSE:ELF)

Key Points

• Summit Creek Advisors LLC increased its stake in e.l.f. Beauty by 99%, owning approximately $3.76 million worth of shares after acquiring 29,745 shares during the first quarter.
• Insider transactions included significant sales by CEO Tarang Amin and insider Jennifer Hartnett, with combined sales totaling over $4.85 million, resulting in a notable decrease in their ownership percentages.
• e.l.f. Beauty's recent earnings report showed a 3.6% year-over-year revenue increase with an EPS of $0.78, exceeding analyst expectations of $0.72.

Summit Creek Advisors LLC boosted its stake in e.l.f. Beauty (NYSE:ELF - Free Report) by 99.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,799 shares of the company's stock after buying an additional 29,745 shares during the quarter. Summit Creek Advisors LLC owned approximately 0.11% of e.l.f. Beauty worth $3,755,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Aurora Investment Counsel acquired a new position in e.l.f. Beauty in the first quarter worth $294,000. Caas Capital Management LP boosted its stake in e.l.f. Beauty by 1,466.7% in the first quarter. Caas Capital Management LP now owns 4,700 shares of the company's stock worth $295,000 after purchasing an additional 4,400 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in e.l.f. Beauty by 42.0% in the first quarter. Harbor Capital Advisors Inc. now owns 103,235 shares of the company's stock worth $6,482,000 after purchasing an additional 30,530 shares in the last quarter. Granahan Investment Management LLC acquired a new position in e.l.f. Beauty in the fourth quarter worth $9,671,000. Finally, Vontobel Holding Ltd. boosted its stake in e.l.f. Beauty by 165.6% in the first quarter. Vontobel Holding Ltd. now owns 15,181 shares of the company's stock worth $953,000 after purchasing an additional 9,466 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 18,383 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $109.99, for a total value of $2,021,946.17. Following the completion of the transaction, the insider directly owned 54,163 shares of the company's stock, valued at approximately $5,957,388.37. The trade was a 25.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tarang Amin sold 24,533 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $115.56, for a total value of $2,835,033.48. Following the completion of the transaction, the chief executive officer directly owned 188,991 shares of the company's stock, valued at approximately $21,839,799.96. The trade was a 11.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 126,589 shares of company stock valued at $14,547,949. Insiders own 3.90% of the company's stock.

e.l.f. Beauty Trading Up 1.3%

NYSE ELF opened at $120.75 on Monday. The stock has a 50-day simple moving average of $113.80 and a 200 day simple moving average of $88.77. The company has a market capitalization of $6.85 billion, a PE ratio of 62.56, a P/E/G ratio of 2.87 and a beta of 1.52. The company has a current ratio of 3.05, a quick ratio of 2.00 and a debt-to-equity ratio of 0.34. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $190.38.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. The business had revenue of $332.65 million during the quarter, compared to the consensus estimate of $327.45 million. e.l.f. Beauty had a return on equity of 17.98% and a net margin of 8.53%. The firm's revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share. Research analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on ELF. UBS Group boosted their price objective on e.l.f. Beauty from $95.00 to $120.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Canaccord Genuity Group boosted their target price on e.l.f. Beauty from $114.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their target price on e.l.f. Beauty from $123.00 to $132.00 and gave the stock an "overweight" rating in a research report on Friday. Morgan Stanley boosted their target price on e.l.f. Beauty from $70.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Finally, Robert W. Baird boosted their target price on e.l.f. Beauty from $110.00 to $145.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.94.

e.l.f. Beauty Company Profile

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.

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