Daiwa Securities Group Inc. Has $219,000 Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Daiwa Securities Group Inc. reduced its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 38.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,515 shares of the company’s stock after selling 935 shares during the period. Daiwa Securities Group Inc.’s holdings in e.l.f. Beauty were worth $219,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ELF. Armstrong Advisory Group Inc. boosted its stake in shares of e.l.f. Beauty by 390.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock worth $29,000 after acquiring an additional 160 shares in the last quarter. BluePath Capital Management LLC bought a new stake in shares of e.l.f. Beauty during the 3rd quarter worth about $34,000. GPS Wealth Strategies Group LLC boosted its stake in shares of e.l.f. Beauty by 66.4% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock worth $35,000 after acquiring an additional 97 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of e.l.f. Beauty by 75.5% during the 3rd quarter. Private Trust Co. NA now owns 437 shares of the company’s stock worth $48,000 after acquiring an additional 188 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its stake in shares of e.l.f. Beauty by 3,600.0% during the 4th quarter. Avior Wealth Management LLC now owns 370 shares of the company’s stock worth $53,000 after acquiring an additional 360 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 727 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $165.16, for a total value of $120,071.32. Following the completion of the sale, the senior vice president now owns 83,736 shares in the company, valued at approximately $13,829,837.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Joshua Allen Franks sold 727 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $165.16, for a total value of $120,071.32. Following the completion of the transaction, the senior vice president now directly owns 83,736 shares of the company’s stock, valued at approximately $13,829,837.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mandy J. Fields sold 1,250 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $174.90, for a total value of $218,625.00. Following the completion of the transaction, the insider now directly owns 77,146 shares of the company’s stock, valued at $13,492,835.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,081 shares of company stock worth $30,457,064. 5.20% of the stock is currently owned by company insiders.

e.l.f. Beauty Price Performance

Shares of ELF stock opened at $179.63 on Friday. The stock has a 50 day moving average of $186.57 and a two-hundred day moving average of $151.86. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. e.l.f. Beauty, Inc. has a 12 month low of $83.80 and a 12 month high of $221.83. The company has a market capitalization of $9.97 billion, a P/E ratio of 79.48, a P/E/G ratio of 1.65 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. The company had revenue of $270.94 million during the quarter, compared to the consensus estimate of $239.66 million. As a group, equities analysts expect that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ELF. Morgan Stanley upped their price target on e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. TD Cowen upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and decreased their price target for the stock from $220.00 to $190.00 in a research note on Wednesday, April 17th. Piper Sandler increased their target price on e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Robert W. Baird started coverage on e.l.f. Beauty in a research note on Tuesday, January 30th. They set a “neutral” rating and a $185.00 target price for the company. Finally, Truist Financial increased their target price on e.l.f. Beauty from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $184.33.

About e.l.f. Beauty

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.