Summit Creek Advisors LLC Makes New $3.77 Million Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

Summit Creek Advisors LLC bought a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 30,054 shares of the company's stock, valued at approximately $3,773,000. Summit Creek Advisors LLC owned 0.05% of e.l.f. Beauty as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ELF. Vanguard Group Inc. grew its position in shares of e.l.f. Beauty by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company's stock valued at $690,174,000 after purchasing an additional 68,103 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in e.l.f. Beauty in the 4th quarter valued at $1,444,000. Sei Investments Co. increased its position in e.l.f. Beauty by 31.3% during the 4th quarter. Sei Investments Co. now owns 172,441 shares of the company's stock worth $21,650,000 after buying an additional 41,129 shares during the period. American Century Companies Inc. lifted its holdings in shares of e.l.f. Beauty by 21.1% during the fourth quarter. American Century Companies Inc. now owns 576,276 shares of the company's stock worth $72,352,000 after buying an additional 100,515 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC bought a new stake in shares of e.l.f. Beauty in the fourth quarter valued at about $252,000. Institutional investors and hedge funds own 92.44% of the company's stock.

e.l.f. Beauty Trading Up 0.6 %

Shares of ELF stock traded up $0.42 during mid-day trading on Tuesday, reaching $65.29. 1,995,363 shares of the stock traded hands, compared to its average volume of 2,227,013. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 38.63, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The stock's fifty day simple moving average is $84.37 and its two-hundred day simple moving average is $107.18. e.l.f. Beauty, Inc. has a 1-year low of $60.35 and a 1-year high of $219.77.

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

Insider Activity at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 1,888 shares in the company, valued at $127,232.32. This represents a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on ELF shares. UBS Group reaffirmed a "neutral" rating and set a $74.00 price target (down from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft began coverage on e.l.f. Beauty in a research note on Thursday, December 12th. They issued a "hold" rating and a $133.00 price target for the company. Canaccord Genuity Group lowered their price objective on e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. DA Davidson cut their target price on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, B. Riley restated a "buy" rating and issued a $90.00 price target (down previously from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $132.65.

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.