e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC reduced its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 57.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,125 shares of the company’s stock after selling 1,539 shares during the quarter. Farther Finance Advisors LLC’s holdings in e.l.f. Beauty were worth $141,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Knuff & Co LLC acquired a new position in e.l.f. Beauty during the fourth quarter worth $249,000. Moran Wealth Management LLC raised its holdings in e.l.f. Beauty by 11.2% during the fourth quarter. Moran Wealth Management LLC now owns 4,567 shares of the company’s stock worth $573,000 after purchasing an additional 460 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in e.l.f. Beauty by 4.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,251 shares of the company’s stock worth $1,789,000 after purchasing an additional 662 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in e.l.f. Beauty by 4.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,796 shares of the company’s stock worth $1,230,000 after purchasing an additional 404 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its holdings in e.l.f. Beauty by 13.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 44,484 shares of the company’s stock worth $5,704,000 after purchasing an additional 5,175 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ELF shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft assumed coverage on e.l.f. Beauty in a report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price target for the company. Raymond James cut their price target on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a report on Friday, February 7th. UBS Group reissued a “neutral” rating and issued a $74.00 price target (down from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Finally, DA Davidson cut their price target on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Monday. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.65.

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

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the sale, the director now owns 1,888 shares of the company’s stock, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Price Performance

ELF stock opened at $62.53 on Friday. The stock has a 50-day moving average price of $86.96 and a two-hundred day moving average price of $108.72. e.l.f. Beauty, Inc. has a 12-month low of $61.90 and a 12-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. The company has a market cap of $3.53 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) 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%. As a group, research analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

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.