Champlain Investment Partners LLC Has $279.53 Million Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Champlain Investment Partners LLC boosted its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 99.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,226,451 shares of the company's stock after buying an additional 1,111,550 shares during the period. e.l.f. Beauty comprises 1.8% of Champlain Investment Partners LLC's investment portfolio, making the stock its 7th largest holding. Champlain Investment Partners LLC owned about 3.95% of e.l.f. Beauty worth $279,531,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ELF. Osterweis Capital Management Inc. lifted its position in shares of e.l.f. Beauty by 62.3% in the 4th quarter. Osterweis Capital Management Inc. now owns 127,839 shares of the company's stock valued at $16,050,000 after acquiring an additional 49,050 shares in the last quarter. Portolan Capital Management LLC lifted its holdings in shares of e.l.f. Beauty by 92.8% in the fourth quarter. Portolan Capital Management LLC now owns 229,998 shares of the company's stock valued at $28,876,000 after purchasing an additional 110,709 shares in the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of e.l.f. Beauty in the fourth quarter worth $264,000. Summit Investment Advisors Inc. grew its holdings in shares of e.l.f. Beauty by 40.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 21,483 shares of the company's stock valued at $2,697,000 after buying an additional 6,214 shares in the last quarter. Finally, Townsquare Capital LLC grew its holdings in shares of e.l.f. Beauty by 24.4% during the fourth quarter. Townsquare Capital LLC now owns 51,398 shares of the company's stock valued at $6,453,000 after buying an additional 10,079 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction on Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the transaction, the director now owns 1,888 shares in the company, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.50% of the company's stock.

e.l.f. Beauty Stock Performance

NYSE ELF traded up $1.10 during trading on Tuesday, hitting $54.57. The company's stock had a trading volume of 1,093,920 shares, compared to its average volume of 2,339,482. The firm has a 50 day moving average price of $63.59 and a 200 day moving average price of $98.77. The firm has a market cap of $3.08 billion, a P/E ratio of 32.31, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 52 week low of $49.40 and a 52 week high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. Equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ELF has been the subject of several research analyst reports. Canaccord Genuity Group reduced their price objective on e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, February 7th. The Goldman Sachs Group reduced their price target on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research report on Friday, February 21st. UBS Group dropped their price objective on shares of e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Piper Sandler cut their target price on shares of e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Finally, Raymond James lowered their price target on shares of e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating on the stock in a report on Thursday, April 17th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.82.

About e.l.f. Beauty

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.