Ethic Inc. bought a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,094 shares of the company's stock, valued at approximately $514,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Nemes Rush Group LLC acquired a new stake in e.l.f. Beauty during the 4th quarter worth about $27,000. Promus Capital LLC purchased a new position in e.l.f. Beauty in the fourth quarter valued at about $31,000. Kestra Investment Management LLC acquired a new position in e.l.f. Beauty in the fourth quarter worth approximately $32,000. Financial Life Planners acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth $46,000. Finally, Wilmington Savings Fund Society FSB increased its position in e.l.f. Beauty by 84.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company's stock worth $54,000 after buying an additional 197 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Bank of America lifted their price target on shares of e.l.f. Beauty from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday. Piper Sandler lowered their price target on 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 cut their price objective on e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Robert W. Baird raised their target price on e.l.f. Beauty from $85.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. cut their price target on e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $109.82.
Check Out Our Latest Research Report on ELF
Insider Buying and Selling
In other news, insider Kory Marchisotto sold 51,350 shares of the company's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $2,740,036.00. Following the sale, the insider now directly owns 152,492 shares in the company, valued at approximately $8,136,973.12. This represents a 25.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Maureen C. Watson sold 4,000 shares of the firm'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 transaction, the director now owns 1,888 shares of the company's stock, valued at $127,232.32. This trade represents a 67.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 204,618 shares of company stock valued at $10,974,536 over the last quarter. Corporate insiders own 3.50% of the company's stock.
e.l.f. Beauty Price Performance
Shares of NYSE:ELF traded down $0.99 during midday trading on Wednesday, reaching $80.52. 417,554 shares of the company's stock were exchanged, compared to its average volume of 2,402,324. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The company's 50 day simple moving average is $62.83 and its two-hundred day simple moving average is $93.06. e.l.f. Beauty, Inc. has a 12 month low of $49.40 and a 12 month high of $219.77. The firm has a market capitalization of $4.54 billion, a PE ratio of 47.66, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31.
e.l.f. Beauty Profile
(
Free Report)
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.
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