e.l.f. Beauty, Inc. (NYSE:ELF) Shares Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lifted its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 6,987.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 169,031 shares of the company's stock after buying an additional 166,646 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.30% of e.l.f. Beauty worth $21,222,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at approximately $25,000. Oddo BHF Asset Management Sas acquired a new position in shares of e.l.f. Beauty during the third quarter worth $1,160,000. Retirement Systems of Alabama raised its stake in e.l.f. Beauty by 83.6% in the third quarter. Retirement Systems of Alabama now owns 143,758 shares of the company's stock valued at $15,674,000 after buying an additional 65,448 shares in the last quarter. Logan Capital Management Inc. lifted its holdings in e.l.f. Beauty by 6.4% during the 3rd quarter. Logan Capital Management Inc. now owns 42,923 shares of the company's stock worth $4,680,000 after buying an additional 2,565 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of e.l.f. Beauty by 130.8% during the 4th quarter. GAMMA Investing LLC now owns 861 shares of the company's stock worth $108,000 after acquiring an additional 488 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ELF has been the topic of several research analyst reports. 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 research report on Thursday, April 17th. Canaccord Genuity Group reduced their price objective on shares of e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, February 7th. B. Riley restated a "buy" rating and issued a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. DA Davidson cut their price target on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Finally, The Goldman Sachs Group decreased their price objective on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Five equities 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $116.88.

Insiders Place Their Bets

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 51,353 shares of the firm's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $2,740,196.08. Following the completion of the sale, the senior vice president now owns 114,660 shares of the company's stock, valued at approximately $6,118,257.60. This trade represents a 30.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maureen C. Watson sold 4,000 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at approximately $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,618 shares of company stock worth $10,974,536. Company insiders own 3.50% of the company's stock.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF traded up $5.99 during mid-day trading on Friday, hitting $68.24. 2,585,100 shares of the company were exchanged, compared to its average volume of 2,359,302. 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 firm has a market cap of $3.85 billion, a price-to-earnings ratio of 40.38, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. The stock has a 50 day simple moving average of $61.40 and a 200-day simple moving average of $96.01. e.l.f. Beauty, Inc. has a 1-year low of $49.40 and a 1-year high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released 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, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

e.l.f. Beauty Profile

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.