Mutual of America Capital Management LLC Trims Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Mutual of America Capital Management LLC decreased its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 2.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 29,756 shares of the company’s stock after selling 719 shares during the period. Mutual of America Capital Management LLC’s holdings in e.l.f. Beauty were worth $3,736,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of e.l.f. Beauty during the third quarter valued at approximately $25,000. Kestra Investment Management LLC purchased a new position in shares of e.l.f. Beauty during the fourth quarter valued at approximately $32,000. Planning Capital Management Corp lifted its stake 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 valued at $43,000 after buying an additional 371 shares during the period. Peterson Financial Group Inc. purchased a new position in shares of e.l.f. Beauty during the third quarter valued at approximately $45,000. Finally, Financial Life Planners purchased a new position in shares of e.l.f. Beauty during the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

ELF has been the topic of a number of recent analyst reports. Raymond James cut their price target on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research note on Friday, February 7th. Canaccord Genuity Group cut their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. DA Davidson reaffirmed a “neutral” rating and set a $80.00 price target on shares of e.l.f. Beauty in a research note on Tuesday, February 18th. JPMorgan Chase & Co. increased their price target on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They set a “hold” rating and a $133.00 price target on the stock. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average price target of $132.94.

e.l.f. Beauty Price Performance

ELF opened at $64.52 on Thursday. The company has a fifty day simple moving average of $100.16 and a 200 day simple moving average of $115.49. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 38.18, a PEG ratio of 6.76 and a beta of 1.47. e.l.f. Beauty, Inc. has a twelve month low of $61.90 and a twelve month high of $219.77. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF) last released its quarterly 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%. Equities research analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the transaction, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.

About e.l.f. Beauty

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.