Two Sigma Securities LLC Sells 6,422 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Two Sigma Securities LLC trimmed its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 73.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,378 shares of the company's stock after selling 6,422 shares during the period. Two Sigma Securities LLC's holdings in e.l.f. Beauty were worth $299,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ELF. Principal Financial Group Inc. lifted its position in shares of e.l.f. Beauty by 149.8% during the fourth quarter. Principal Financial Group Inc. now owns 328,557 shares of the company's stock worth $41,250,000 after purchasing an additional 197,028 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of e.l.f. Beauty by 441.0% in the 4th quarter. Global Retirement Partners LLC now owns 8,283 shares of the company's stock valued at $1,040,000 after purchasing an additional 6,752 shares during the period. Robbins Farley increased its holdings in shares of e.l.f. Beauty by 27.1% in the 4th quarter. Robbins Farley now owns 34,396 shares of the company's stock valued at $4,318,000 after acquiring an additional 7,335 shares during the period. Pacer Advisors Inc. boosted its stake in e.l.f. Beauty by 43.4% during the 4th 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 during the period. Finally, Ibex Wealth Advisors acquired a new position in e.l.f. Beauty in the 4th quarter valued at about $5,519,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Trading Up 0.6 %

Shares of NYSE ELF traded up $0.34 during mid-day trading on Thursday, hitting $62.21. 1,891,557 shares of the company traded hands, compared to its average volume of 2,353,560. The business has a 50 day moving average of $61.75 and a two-hundred day moving average of $96.67. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 6.76 and a beta of 1.41. 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 1 year low of $49.40 and a 1 year high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. On average, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Raymond James dropped their price target on shares of e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating on the stock in a research note on Thursday, April 17th. Piper Sandler lowered their price objective on shares of e.l.f. Beauty from $90.00 to $81.00 and set an "overweight" rating on the stock in a research note on Wednesday. Morgan Stanley reaffirmed an "equal weight" rating and issued a $70.00 price target (down previously from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. DA Davidson dropped their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, Truist Financial cut their price target on e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating for the company in a report 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $116.88.

Insiders Place Their Bets

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the 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 sale, the director now directly owns 1,888 shares of the company's stock, valued at $127,232.32. This 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 link. Also, SVP Joshua Allen Franks sold 51,353 shares of the company'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 value of $2,740,196.08. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold 204,618 shares of company stock valued at $10,974,536 over the last three months. 3.50% of the stock is currently owned by insiders.

e.l.f. Beauty Company 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.