BW Gestao de Investimentos Ltda. Acquires Shares of 45,316 e.l.f. Beauty, Inc. (NYSE:ELF)

BW Gestao de Investimentos Ltda. acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 45,316 shares of the company's stock, valued at approximately $5,689,000. BW Gestao de Investimentos Ltda. owned about 0.08% of e.l.f. Beauty as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ELF. Wilmington Savings Fund Society FSB acquired a new position in e.l.f. Beauty during the 3rd quarter worth approximately $25,000. Nemes Rush Group LLC acquired a new position in shares of e.l.f. Beauty during the fourth quarter worth $27,000. Promus Capital LLC bought a new position in shares of e.l.f. Beauty in the 4th quarter valued at $31,000. Kestra Investment Management LLC acquired a new stake in shares of e.l.f. Beauty during the 4th quarter valued at $32,000. Finally, Financial Life Planners bought a new stake in e.l.f. Beauty during the 4th quarter worth $46,000. Institutional investors own 92.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ELF shares. The Goldman Sachs Group cut their price target on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Piper Sandler cut their target price on shares of e.l.f. Beauty from $90.00 to $81.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Truist Financial dropped their price target on shares of e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. B. Riley reaffirmed a "buy" rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, UBS Group cut their target price on e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, e.l.f. Beauty has a consensus rating of "Moderate Buy" and an average target price of $116.88.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, insider Kory Marchisotto sold 51,350 shares of the business's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $2,740,036.00. Following the completion of the sale, the insider now owns 152,492 shares in the company, valued at approximately $8,136,973.12. The trade was a 25.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 97,915 shares of the firm's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $5,224,744.40. Following the completion of the transaction, the chief executive officer now directly owns 181,289 shares in the company, valued at $9,673,581.04. This trade represents a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 204,618 shares of company stock valued at $10,974,536 over the last ninety days. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Stock Down 0.2 %

ELF traded down $0.12 during midday trading on Tuesday, hitting $67.67. The company had a trading volume of 1,434,201 shares, compared to its average volume of 2,364,182. The stock's 50 day moving average price is $61.28 and its 200 day moving average price is $95.38. e.l.f. Beauty, Inc. has a 52 week low of $49.40 and a 52 week high of $219.77. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 40.04, a PEG ratio of 6.76 and a beta of 1.31. 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 (NYSE:ELF - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates 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 earnings per share for the current fiscal year.

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.