Choreo LLC Sells 593 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Choreo LLC reduced its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 18.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,647 shares of the company’s stock after selling 593 shares during the period. Choreo LLC’s holdings in e.l.f. Beauty were worth $336,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of e.l.f. Beauty during the third quarter worth about $25,000. Financial Life Planners bought a new stake in shares of e.l.f. Beauty during the fourth quarter worth about $46,000. Planning Capital Management Corp grew its holdings in shares of e.l.f. Beauty by 1,855.0% during the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after purchasing an additional 371 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of e.l.f. Beauty during the third quarter worth about $44,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of e.l.f. Beauty during the third quarter worth about $45,000. 92.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ELF. Truist Financial boosted their price target on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. B. Riley reiterated a “buy” rating and issued a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Jefferies Financial Group reduced their target price on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Robert W. Baird reduced their target price on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Finally, Raymond James reduced their target price on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $134.00.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $74.83 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. e.l.f. Beauty, Inc. has a twelve month low of $63.50 and a twelve month high of $221.83. The stock’s 50 day moving average is $119.12 and its 200-day moving average is $125.47. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 44.28, a PEG ratio of 1.54 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) 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 return on equity of 17.35% and a net margin of 7.55%. Sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Insider Activity at e.l.f. Beauty

In related news, insider Scott Milsten sold 530 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 890 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the sale, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is owned by insiders.

e.l.f. Beauty 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.