Robbins Farley Has $4.32 Million Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Robbins Farley raised its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 34,396 shares of the company's stock after purchasing an additional 7,335 shares during the quarter. e.l.f. Beauty accounts for about 2.1% of Robbins Farley's investment portfolio, making the stock its 21st biggest position. Robbins Farley owned about 0.06% of e.l.f. Beauty worth $4,318,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ELF. Wilmington Savings Fund Society FSB acquired a new stake in e.l.f. Beauty during the third quarter worth $25,000. Financial Life Planners bought a new position in shares of e.l.f. Beauty during the 4th quarter worth about $46,000. Planning Capital Management Corp boosted its position in shares of e.l.f. Beauty by 1,855.0% during the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company's stock valued at $43,000 after acquiring an additional 371 shares in the last quarter. nVerses Capital LLC bought a new stake in e.l.f. Beauty in the third quarter valued at about $44,000. Finally, Peterson Financial Group Inc. acquired a new position in e.l.f. Beauty in the third quarter worth about $45,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Bank of America decreased their price objective on e.l.f. Beauty from $190.00 to $165.00 and set a "buy" rating on the stock in a report on Tuesday, October 15th. JPMorgan Chase & Co. upped their price target on e.l.f. Beauty from $154.00 to $163.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Jefferies Financial Group cut their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Canaccord Genuity Group reduced their target price 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. Finally, Truist Financial increased their target price on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, e.l.f. Beauty currently has an average rating of "Moderate Buy" and an average price target of $134.00.

Insider Buying and Selling

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. This trade represents a 29.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Tarang Amin sold 890 shares of the firm's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the sale, the chief executive officer now directly owns 99,699 shares in the company, valued at $13,718,582.40. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock valued at $297,442 over the last ninety days. Insiders own 3.50% of the company's stock.

e.l.f. Beauty Trading Down 19.6 %

Shares of NYSE ELF traded down $17.38 during midday trading on Friday, hitting $71.12. The stock had a trading volume of 23,523,065 shares, compared to its average volume of 3,107,602. The firm has a market cap of $4.01 billion, a P/E ratio of 38.44, a price-to-earnings-growth ratio of 1.74 and a beta of 1.47. e.l.f. Beauty, Inc. has a fifty-two week low of $63.50 and a fifty-two week high of $221.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The company's 50-day simple moving average is $123.67 and its 200 day simple moving average is $128.61.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data 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 return on equity of 19.34% and a net margin of 8.87%. Research analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 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.