Graham Capital Management L.P. Buys New Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Graham Capital Management L.P. acquired 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. The institutional investor acquired 7,810 shares of the company's stock, valued at approximately $981,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ELF. Nemes Rush Group LLC purchased a new stake in e.l.f. Beauty during the 4th quarter valued at approximately $27,000. Promus Capital LLC purchased a new position in shares of e.l.f. Beauty during the 4th quarter worth approximately $31,000. Kestra Investment Management LLC purchased a new position in shares of e.l.f. Beauty during the 4th quarter worth approximately $32,000. Financial Life Planners purchased a new position in shares of e.l.f. Beauty during the 4th quarter worth approximately $46,000. Finally, Wilmington Savings Fund Society FSB raised its stake in shares of e.l.f. Beauty by 84.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company's stock worth $54,000 after buying an additional 197 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

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

In related news, SVP Joshua Allen Franks sold 51,353 shares of the 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 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction on Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the transaction, the director now owns 1,888 shares in the company, valued at $127,232.32. The trade was a 67.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,618 shares of company stock worth $10,974,536. 3.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ELF. UBS Group cut 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 note on Thursday, April 17th. Stifel Nicolaus cut their target price on e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating for the company in a research note on Monday, February 3rd. Piper Sandler cut their target price 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 increased their target price on e.l.f. Beauty from $85.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Truist Financial cut their target price on e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. 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, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.47.

e.l.f. Beauty Price Performance

NYSE:ELF traded up $1.06 during trading hours on Friday, reaching $79.24. 1,740,390 shares of the company traded hands, compared to its average volume of 2,409,852. The firm's 50-day moving average is $62.23 and its 200-day moving average is $93.50. The stock has a market cap of $4.47 billion, a P/E ratio of 46.89, 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. e.l.f. Beauty, Inc. has a 1-year low of $49.40 and a 1-year high of $219.77.

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.