Lighthouse Investment Partners LLC bought a new stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 115,049 shares of the company's stock, valued at approximately $14,444,000. Lighthouse Investment Partners LLC owned about 0.20% of e.l.f. Beauty at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Principal Financial Group Inc. raised its stake in shares of 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 acquiring an additional 197,028 shares in the last quarter. Global Retirement Partners LLC increased its position in e.l.f. Beauty by 441.0% during the 4th quarter. Global Retirement Partners LLC now owns 8,283 shares of the company's stock worth $1,040,000 after purchasing an additional 6,752 shares during the period. Robbins Farley lifted its stake in shares of 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 purchasing an additional 7,335 shares during the period. Pacer Advisors Inc. boosted its position in e.l.f. Beauty by 43.4% during the fourth quarter. Pacer Advisors Inc. now owns 11,802 shares of the company's stock worth $1,482,000 after purchasing an additional 3,572 shares in the last quarter. Finally, Ibex Wealth Advisors acquired a new stake in shares of e.l.f. Beauty in the fourth quarter valued at approximately $5,519,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.
e.l.f. Beauty Stock Performance
e.l.f. Beauty stock traded up $0.87 during trading hours on Thursday, hitting $78.02. The stock had a trading volume of 1,474,004 shares, compared to its average volume of 2,403,825. The company has a 50-day moving average of $61.96 and a two-hundred day moving average of $93.96. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The company has a market cap of $4.40 billion, a PE ratio of 46.17, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. e.l.f. Beauty, Inc. has a fifty-two week low of $49.40 and a fifty-two week high of $219.77.
Insiders Place Their Bets
In other news, CEO Tarang Amin sold 97,915 shares of the firm's stock in a transaction that occurred on 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 owns 181,289 shares of the company's stock, valued at approximately $9,673,581.04. This trade represents a 35.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Joshua Allen Franks sold 51,353 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 114,660 shares in the company, valued at $6,118,257.60. The trade was a 30.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 204,618 shares of company stock worth $10,974,536 over the last 90 days. Corporate insiders own 3.50% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the company. Raymond James reduced their target price on e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating on the stock in a research report on Thursday, April 17th. Truist Financial decreased 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. DA Davidson cut their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. The Goldman Sachs Group dropped their price target on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, B. Riley reiterated a "buy" rating and set a $90.00 price target (down previously from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $112.47.
Check Out Our Latest Analysis on e.l.f. Beauty
e.l.f. Beauty Profile
(
Free Report)
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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