Captrust Financial Advisors Decreases Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Captrust Financial Advisors decreased its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 66.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,722 shares of the company's stock after selling 3,435 shares during the quarter. Captrust Financial Advisors' holdings in e.l.f. Beauty were worth $216,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in e.l.f. Beauty by 149.8% in the fourth quarter. Principal Financial Group Inc. now owns 328,557 shares of the company's stock valued at $41,250,000 after buying an additional 197,028 shares during the last quarter. Global Retirement Partners LLC lifted its stake in e.l.f. Beauty by 441.0% in the fourth quarter. Global Retirement Partners LLC now owns 8,283 shares of the company's stock valued at $1,040,000 after buying an additional 6,752 shares during the last quarter. Robbins Farley lifted its stake in e.l.f. Beauty by 27.1% in the fourth quarter. Robbins Farley now owns 34,396 shares of the company's stock valued at $4,318,000 after buying an additional 7,335 shares during the last quarter. Pacer Advisors Inc. lifted its stake in e.l.f. Beauty by 43.4% in the fourth quarter. Pacer Advisors Inc. now owns 11,802 shares of the company's stock valued at $1,482,000 after buying an additional 3,572 shares during the last quarter. Finally, Ibex Wealth Advisors purchased a new stake in e.l.f. Beauty in the fourth quarter valued at approximately $5,519,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Trading Up 4.8%

Shares of ELF stock opened at $82.82 on Friday. The business's fifty day moving average price is $63.38 and its 200 day moving average price is $92.82. e.l.f. Beauty, Inc. has a 1-year low of $49.40 and a 1-year high of $219.77. The firm has a market capitalization of $4.67 billion, a PE ratio of 49.01, a P/E/G ratio of 6.76 and a beta of 1.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ELF. Raymond James boosted their price objective on e.l.f. Beauty from $85.00 to $95.00 and gave the company a "strong-buy" rating in a research note on Thursday. The Goldman Sachs Group reduced their price objective on 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. Piper Sandler reduced their price objective on e.l.f. Beauty from $90.00 to $81.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Robert W. Baird boosted 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. dropped their target price on e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, e.l.f. Beauty presently has an average rating of "Moderate Buy" and a consensus target price of $110.41.

Insider Buying and Selling

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 51,353 shares of the company'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 sale, the senior vice president now owns 114,660 shares of the company's stock, valued at approximately $6,118,257.60. This represents a 30.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tarang Amin sold 97,915 shares of the company's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $5,224,744.40. Following the completion of the sale, 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 position. 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 quarter. Company insiders own 3.50% of the company's stock.

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.

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