e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Signaturefd LLC

Signaturefd LLC cut its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 49.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 570 shares of the company’s stock after selling 563 shares during the quarter. Signaturefd LLC’s holdings in e.l.f. Beauty were worth $82,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Armstrong Advisory Group Inc. grew its position in shares of e.l.f. Beauty by 390.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock valued at $29,000 after purchasing an additional 160 shares during the last quarter. BluePath Capital Management LLC acquired a new stake in e.l.f. Beauty during the third quarter worth approximately $34,000. GPS Wealth Strategies Group LLC boosted its position in e.l.f. Beauty by 66.4% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock worth $35,000 after acquiring an additional 97 shares during the last quarter. Private Trust Co. NA boosted its position in e.l.f. Beauty by 75.5% during the third quarter. Private Trust Co. NA now owns 437 shares of the company’s stock worth $48,000 after acquiring an additional 188 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its position in e.l.f. Beauty by 3,600.0% during the fourth quarter. Avior Wealth Management LLC now owns 370 shares of the company’s stock worth $53,000 after acquiring an additional 360 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on ELF. Morgan Stanley raised their target price on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Truist Financial raised their target price on shares of e.l.f. Beauty from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Robert W. Baird began coverage on shares of e.l.f. Beauty in a research note on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price target on the stock. Stifel Nicolaus increased their price target on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Finally, Piper Sandler raised their target price on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.33.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total value of $4,677,693.91. Following the completion of the transaction, the chief executive officer now directly owns 10,889 shares of the company’s stock, valued at approximately $2,165,713.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total value of $4,677,693.91. Following the sale, the chief executive officer now directly owns 10,889 shares in the company, valued at approximately $2,165,713.21. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kory Marchisotto sold 29,408 shares of e.l.f. Beauty stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $166.40, for a total transaction of $4,893,491.20. Following the completion of the sale, the insider now owns 156,969 shares in the company, valued at $26,119,641.60. The disclosure for this sale can be found here. Insiders sold a total of 178,081 shares of company stock valued at $30,457,064 in the last ninety days. Corporate insiders own 5.20% of the company’s stock.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock opened at $162.57 on Wednesday. e.l.f. Beauty, Inc. has a 12-month low of $83.80 and a 12-month high of $221.83. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 71.93, a price-to-earnings-growth ratio of 1.69 and a beta of 1.57. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The firm’s fifty day moving average price is $186.35 and its 200 day moving average price is $153.12.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.11. The company had revenue of $270.94 million during the quarter, compared to analyst estimates of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. On average, research analysts forecast that e.l.f. Beauty, Inc. will post 2.5 EPS for the current fiscal year.

e.l.f. Beauty Company Profile

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.