FACT Capital LP Sells 20,394 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

FACT Capital LP trimmed its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 19.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,603 shares of the company's stock after selling 20,394 shares during the quarter. e.l.f. Beauty comprises approximately 4.6% of FACT Capital LP's holdings, making the stock its 11th biggest position. FACT Capital LP owned about 0.15% of e.l.f. Beauty worth $10,622,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its position in shares of e.l.f. Beauty by 1.3% during the 4th quarter. Deutsche Bank AG now owns 49,527 shares of the company's stock valued at $6,218,000 after acquiring an additional 639 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of e.l.f. Beauty by 68.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 167,146 shares of the company's stock valued at $20,985,000 after acquiring an additional 67,757 shares during the last quarter. Duquesne Family Office LLC bought a new position in shares of e.l.f. Beauty during the 4th quarter valued at approximately $4,683,000. Cetera Investment Advisers boosted its position in shares of e.l.f. Beauty by 2.9% during the 4th quarter. Cetera Investment Advisers now owns 32,478 shares of the company's stock valued at $4,078,000 after acquiring an additional 918 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. bought a new position in shares of e.l.f. Beauty during the 4th quarter valued at approximately $5,689,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Trading Down 1.2%

Shares of e.l.f. Beauty stock traded down $0.83 during mid-day trading on Friday, hitting $67.07. 1,563,984 shares of the stock were exchanged, compared to its average volume of 2,385,340. e.l.f. Beauty, Inc. has a twelve month low of $49.40 and a twelve month high of $219.77. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 39.69, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. The company has a 50-day simple moving average of $61.35 and a 200 day simple moving average of $94.43. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20.

Analyst Ratings Changes

A number of brokerages recently issued reports on ELF. Stifel Nicolaus lowered their price target on e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating for the company in a research report on Monday, February 3rd. Piper Sandler lowered their price target on e.l.f. Beauty from $90.00 to $81.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. The Goldman Sachs Group lowered their price target on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Morgan Stanley reiterated an "equal weight" rating and set a $70.00 target price (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, UBS Group decreased their target price on e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Five equities research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.88.

Insider Activity at e.l.f. Beauty

In other 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 transaction, the insider now owns 152,492 shares of the company's stock, valued at approximately $8,136,973.12. The trade was a 25.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Joshua Allen Franks sold 51,353 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 $2,740,196.08. Following the transaction, the senior vice president now directly 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 position. The disclosure for this sale can be found here. Over the last quarter, 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 Company 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.