Global Retirement Partners LLC Acquires 6,752 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Global Retirement Partners LLC lifted its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 441.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,283 shares of the company's stock after purchasing an additional 6,752 shares during the quarter. Global Retirement Partners LLC's holdings in e.l.f. Beauty were worth $1,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of e.l.f. Beauty during the 3rd quarter valued at $25,000. Kestra Investment Management LLC acquired a new stake in e.l.f. Beauty during the fourth quarter valued at $32,000. Planning Capital Management Corp grew its stake in e.l.f. Beauty by 1,855.0% in the third quarter. Planning Capital Management Corp now owns 391 shares of the company's stock valued at $43,000 after purchasing an additional 371 shares in the last quarter. Peterson Financial Group Inc. acquired a new position in e.l.f. Beauty in the 3rd quarter worth about $45,000. Finally, Financial Life Planners acquired a new position in e.l.f. Beauty in the 4th quarter worth about $46,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ELF has been the subject of several recent research reports. UBS Group reissued a "neutral" rating and issued a $74.00 price target (down previously from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Morgan Stanley reissued an "equal weight" rating and issued a $70.00 target price (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Canaccord Genuity Group dropped their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They issued a "hold" rating and a $133.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $132.94.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the firm's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the transaction, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Scott Milsten sold 530 shares of the business's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock worth $297,442 over the last 90 days. Corporate insiders own 3.50% of the company's stock.

e.l.f. Beauty Stock Performance

Shares of ELF traded down $3.00 during mid-day trading on Tuesday, hitting $72.35. The company's stock had a trading volume of 1,427,943 shares, compared to its average volume of 3,210,961. The stock's 50-day moving average is $108.87 and its two-hundred day moving average is $119.37. The firm has a market capitalization of $4.08 billion, a PE ratio of 42.77, a price-to-earnings-growth ratio of 6.76 and a beta of 1.47. 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 $63.50 and a one year high of $221.83.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. As a group, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current 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.