AGF Management Ltd. Has $71.38 Million Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

AGF Management Ltd. decreased its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 0.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 338,733 shares of the company’s stock after selling 368 shares during the quarter. AGF Management Ltd.’s holdings in e.l.f. Beauty were worth $71,378,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter worth about $26,000. Matrix Trust Co purchased a new position in shares of e.l.f. Beauty during the second quarter valued at approximately $27,000. Innealta Capital LLC bought a new stake in e.l.f. Beauty during the second quarter worth $30,000. Harbor Investment Advisory LLC purchased a new stake in e.l.f. Beauty in the 1st quarter valued at $31,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in e.l.f. Beauty by 405.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after acquiring an additional 138 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Canaccord Genuity Group boosted their price target on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. DA Davidson restated a “buy” rating and issued a $223.00 target price on shares of e.l.f. Beauty in a research note on Thursday, August 29th. JPMorgan Chase & Co. decreased their price target on e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Bank of America dropped their price target on e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating on the stock in a report on Monday. Finally, Robert W. Baird upped their price objective on e.l.f. Beauty from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and an average target price of $211.00.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 548 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $175.00, for a total transaction of $95,900.00. Following the sale, the chief executive officer now directly owns 214,507 shares in the company, valued at approximately $37,538,725. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Tarang Amin sold 548 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the transaction, the chief executive officer now directly owns 214,507 shares in the company, valued at $37,538,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the transaction, the senior vice president now directly owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. Insiders sold 19,304 shares of company stock valued at $3,864,492 over the last three months. Company insiders own 5.20% of the company’s stock.

e.l.f. Beauty Price Performance

NYSE ELF opened at $110.38 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23. The company has a market cap of $6.22 billion, a PE ratio of 49.72, a price-to-earnings-growth ratio of 2.55 and a beta of 1.45. e.l.f. Beauty, Inc. has a 52 week low of $88.47 and a 52 week high of $221.83. The firm’s 50-day simple moving average is $168.12 and its two-hundred day simple moving average is $179.35.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. The company had revenue of $324.48 million for the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. Research analysts predict that e.l.f. Beauty, Inc. will post 2.88 earnings per share 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.