Lmcg Investments LLC Lowers Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Lmcg Investments LLC lessened its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,948 shares of the company's stock after selling 2,705 shares during the period. Lmcg Investments LLC owned about 0.11% of e.l.f. Beauty worth $3,953,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Nemes Rush Group LLC acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at approximately $27,000. Orion Capital Management LLC acquired a new position in e.l.f. Beauty during the fourth quarter worth $30,000. Promus Capital LLC acquired a new position in e.l.f. Beauty during the fourth quarter worth $31,000. Kestra Investment Management LLC purchased a new stake in shares of e.l.f. Beauty in the fourth quarter valued at about $32,000. Finally, Wilmington Savings Fund Society FSB raised its position in e.l.f. Beauty by 84.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company's stock worth $54,000 after acquiring an additional 197 shares during the period. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Trading Up 1.8%

ELF stock traded up $2.03 during mid-day trading on Friday, reaching $117.83. 1,992,555 shares of the stock traded hands, compared to its average volume of 2,526,771. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. e.l.f. Beauty, Inc. has a one year low of $49.40 and a one year high of $219.77. The stock has a market capitalization of $6.64 billion, a PE ratio of 69.72, a PEG ratio of 6.76 and a beta of 1.52. The business has a 50-day moving average price of $72.37 and a two-hundred day moving average price of $91.24.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. The firm had revenue of $332.65 million for the quarter, compared to analysts' expectations of $327.45 million. During the same period in the prior year, the business posted $0.53 earnings per share. The business's revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ELF. Bank of America lifted their target price on shares of e.l.f. Beauty from $80.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Raymond James raised their price target on shares of e.l.f. Beauty from $95.00 to $105.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 29th. DA Davidson dropped their target price on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. UBS Group lifted their price target on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, May 21st. Finally, Jefferies Financial Group set a $115.00 price objective on shares of e.l.f. Beauty and gave the company a "buy" rating in a research note on Thursday, May 29th. Five 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's stock. According to data from MarketBeat, e.l.f. Beauty has a consensus rating of "Moderate Buy" and an average price target of $120.71.

Insider Buying and Selling at e.l.f. Beauty

In other news, insider Kory Marchisotto sold 51,350 shares of the stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $2,740,036.00. Following the completion of the sale, the insider now directly owns 152,492 shares in the company, valued at $8,136,973.12. This represents a 25.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Tarang Amin sold 97,915 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now directly owns 181,289 shares of the company's stock, valued at $9,673,581.04. This represents a 35.07% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 309,375 shares of company stock valued at $23,170,147. 3.50% of the stock is currently owned by insiders.

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.