PFG Investments LLC Cuts Stake in e.l.f. Beauty (NYSE:ELF)

PFG Investments LLC reduced its position in e.l.f. Beauty (NYSE:ELF) by 24.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,668 shares of the company’s stock after selling 1,179 shares during the period. PFG Investments LLC’s holdings in e.l.f. Beauty were worth $230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ELF. Truist Financial Corp lifted its stake in shares of e.l.f. Beauty by 1.3% during the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock worth $990,000 after buying an additional 102 shares during the period. Arizona State Retirement System lifted its stake in shares of e.l.f. Beauty by 0.8% during the fourth quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock worth $2,055,000 after buying an additional 128 shares during the period. Treasurer of the State of North Carolina lifted its stake in shares of e.l.f. Beauty by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company’s stock worth $2,967,000 after buying an additional 140 shares during the period. Atria Wealth Solutions Inc. lifted its stake in shares of e.l.f. Beauty by 7.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock worth $262,000 after buying an additional 150 shares during the period. Finally, Horizon Investments LLC lifted its stake in shares of e.l.f. Beauty by 29.0% during the fourth quarter. Horizon Investments LLC now owns 742 shares of the company’s stock worth $93,000 after buying an additional 167 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Bank of America lifted their price objective on shares of e.l.f. Beauty from $113.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, June 20th. Raymond James Financial lifted their price objective on shares of e.l.f. Beauty from $95.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 29th. B. Riley reiterated a “buy” rating and set a $150.00 price objective (up from $110.00) on shares of e.l.f. Beauty in a research note on Friday, June 13th. DA Davidson lowered their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Finally, Truist Financial boosted their target price on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, June 6th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $118.88.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, insider Scott Milsten sold 1,442 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $114.78, for a total transaction of $165,512.76. Following the sale, the insider now owns 117,394 shares in the company, valued at approximately $13,474,483.32. This represents a 1.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kory Marchisotto sold 51,350 shares of the stock in a transaction on Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $2,740,036.00. Following the sale, the insider now owns 152,492 shares in the company, valued at approximately $8,136,973.12. This trade represents a 25.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 327,207 shares of company stock worth $25,252,926 over the last 90 days. Company insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Up 3.0%

ELF stock opened at $125.47 on Thursday. e.l.f. Beauty has a one year low of $49.40 and a one year high of $219.77. The stock has a market capitalization of $7.07 billion, a PE ratio of 65.01, a price-to-earnings-growth ratio of 2.88 and a beta of 1.52. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.00 and a current ratio of 3.05. The company has a fifty day moving average of $90.23 and a 200-day moving average of $91.15.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. e.l.f. Beauty had a net margin of 8.53% and a return on equity of 17.98%. The company had revenue of $332.65 million during the quarter, compared to analysts’ expectations of $327.45 million. During the same quarter last year, the business earned $0.53 EPS. The business’s revenue was up 3.6% on a year-over-year basis. As a group, analysts expect that e.l.f. Beauty will post 2.38 EPS for the current year.

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.