e.l.f. Beauty, Inc. (NYSE:ELF) Shares Bought by Stifel Financial Corp

Stifel Financial Corp increased its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 48.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,039 shares of the company's stock after buying an additional 13,795 shares during the period. Stifel Financial Corp owned 0.07% of e.l.f. Beauty worth $5,278,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ELF. Wilmington Savings Fund Society FSB bought a new stake in e.l.f. Beauty in the third quarter worth $25,000. Nemes Rush Group LLC purchased a new stake in shares of e.l.f. Beauty in the 4th quarter worth $27,000. Promus Capital LLC bought a new position in shares of e.l.f. Beauty in the fourth quarter worth about $31,000. Kestra Investment Management LLC purchased a new position in e.l.f. Beauty during the fourth quarter valued at approximately $32,000. Finally, Financial Life Planners bought a new position in e.l.f. Beauty in the 4th quarter worth $46,000. Institutional investors own 92.44% of the company's stock.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 97,915 shares of e.l.f. Beauty stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $5,224,744.40. Following the sale, the chief executive officer now owns 181,289 shares in the company, valued at $9,673,581.04. This trade represents a 35.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Joshua Allen Franks sold 51,353 shares of e.l.f. Beauty stock in a transaction dated 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 sale, the senior vice president now owns 114,660 shares in the company, valued at approximately $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. In the last three months, insiders have sold 204,618 shares of company stock valued at $10,974,536. Company insiders own 3.50% of the company's stock.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock traded up $5.99 during midday trading on Friday, hitting $68.24. The company had a trading volume of 2,585,100 shares, compared to its average volume of 2,364,662. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 12-month low of $49.40 and a 12-month high of $219.77. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 40.38, a PEG ratio of 6.76 and a beta of 1.31. The company has a fifty day simple moving average of $61.40 and a 200 day simple moving average of $95.93.

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 (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. As a group, analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ELF has been the subject of a number of research analyst reports. Piper Sandler cut their price objective on shares of e.l.f. Beauty from $90.00 to $81.00 and set an "overweight" rating for the company in a report on Wednesday. Canaccord Genuity Group lowered their price target on e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Stifel Nicolaus decreased their price objective on shares of 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. B. Riley reissued a "buy" rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, The Goldman Sachs Group dropped their price objective on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Five investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $116.88.

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.