Los Angeles Capital Management LLC Has $3.72 Million Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Los Angeles Capital Management LLC reduced its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 25.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,794 shares of the company’s stock after selling 9,000 shares during the quarter. Los Angeles Capital Management LLC’s holdings in e.l.f. Beauty were worth $3,723,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Natixis Advisors L.P. increased its stake in e.l.f. Beauty by 4.4% during the 4th quarter. Natixis Advisors L.P. now owns 19,701 shares of the company’s stock valued at $2,843,000 after purchasing an additional 830 shares in the last quarter. First Horizon Advisors Inc. raised its position in e.l.f. Beauty by 38.0% in the 4th quarter. First Horizon Advisors Inc. now owns 338 shares of the company’s stock valued at $49,000 after buying an additional 93 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in e.l.f. Beauty by 3.2% during the 4th quarter. First Trust Direct Indexing L.P. now owns 2,106 shares of the company’s stock valued at $304,000 after acquiring an additional 65 shares in the last quarter. Orion Capital Management LLC boosted its holdings in e.l.f. Beauty by 490.0% during the 4th quarter. Orion Capital Management LLC now owns 590 shares of the company’s stock worth $85,000 after acquiring an additional 490 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of e.l.f. Beauty by 94.4% in the 4th quarter. Victory Capital Management Inc. now owns 95,329 shares of the company’s stock worth $13,760,000 after acquiring an additional 46,279 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Insider Buying and Selling at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,519 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the completion of the transaction, the chief executive officer now owns 10,889 shares of the company’s stock, valued at $2,165,713.21. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total value of $4,677,693.91. Following the sale, the chief executive officer now directly owns 10,889 shares in the company, valued at approximately $2,165,713.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mandy J. Fields sold 1,250 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $174.90, for a total transaction of $218,625.00. Following the transaction, the insider now directly owns 77,146 shares of the company’s stock, valued at approximately $13,492,835.40. The disclosure for this sale can be found here. Insiders have sold a total of 178,081 shares of company stock valued at $30,457,064 over the last ninety days. 5.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ELF. Stifel Nicolaus raised their price target on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. StockNews.com cut e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Piper Sandler raised their target price on e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Raymond James boosted their price target on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. Finally, Robert W. Baird assumed coverage on shares of e.l.f. Beauty in a research report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $184.33.

e.l.f. Beauty Stock Down 0.3 %

ELF opened at $160.12 on Monday. e.l.f. Beauty, Inc. has a twelve month low of $83.80 and a twelve month high of $221.83. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average price of $185.12 and a 200-day moving average price of $154.25. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 70.85, a PEG ratio of 1.50 and a beta of 1.60.

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

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.