Summit Investment Advisors Inc. increased its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 40.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,483 shares of the company's stock after buying an additional 6,214 shares during the period. Summit Investment Advisors Inc.'s holdings in e.l.f. Beauty were worth $2,697,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of e.l.f. Beauty in the third quarter worth $25,000. Nemes Rush Group LLC purchased a new stake in e.l.f. Beauty during the 4th quarter valued at about $27,000. Promus Capital LLC purchased a new stake in e.l.f. Beauty during the 4th quarter valued at about $31,000. Kestra Investment Management LLC bought a new stake in e.l.f. Beauty during the 4th quarter valued at about $32,000. Finally, Financial Life Planners purchased a new position in e.l.f. Beauty in the fourth quarter worth about $46,000. Institutional investors own 92.44% of the company's stock.
Insider Buying and Selling at e.l.f. Beauty
In other news, Director Maureen C. Watson sold 4,000 shares of the firm's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at $127,232.32. This trade represents a 67.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.50% of the company's stock.
e.l.f. Beauty Stock Performance
Shares of ELF stock traded up $2.65 during mid-day trading on Friday, reaching $52.60. 2,237,084 shares of the company's stock traded hands, compared to its average volume of 2,344,469. e.l.f. Beauty, Inc. has a 12 month low of $49.40 and a 12 month high of $219.77. The firm has a 50 day moving average price of $64.02 and a two-hundred day moving average price of $99.14. The firm has a market capitalization of $2.97 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. 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 (NYSE:ELF - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates 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%. On average, research analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on ELF. UBS Group reduced their price target on shares of e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating for the company in a research report on Thursday. Stifel Nicolaus reduced their target price on e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating for the company in a report on Monday, February 3rd. DA Davidson lowered their price target on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. B. Riley reaffirmed a "buy" rating and set a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, Piper Sandler decreased their target price on e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.82.
View Our Latest Stock Analysis on ELF
About e.l.f. Beauty
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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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