Pitcairn Co. Sells 843 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Pitcairn Co. reduced its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 12.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,937 shares of the company’s stock after selling 843 shares during the quarter. Pitcairn Co.’s holdings in e.l.f. Beauty were worth $647,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management boosted its holdings in shares of e.l.f. Beauty by 3.2% in the 2nd quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock valued at $512,000 after buying an additional 75 shares in the last quarter. Hanseatic Management Services Inc. lifted its position in e.l.f. Beauty by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock valued at $950,000 after acquiring an additional 77 shares during the last quarter. Portside Wealth Group LLC boosted its stake in e.l.f. Beauty by 3.2% in the second quarter. Portside Wealth Group LLC now owns 2,982 shares of the company’s stock valued at $628,000 after acquiring an additional 93 shares in the last quarter. GAMMA Investing LLC grew its holdings in e.l.f. Beauty by 27.8% in the second quarter. GAMMA Investing LLC now owns 451 shares of the company’s stock worth $95,000 after purchasing an additional 98 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its position in shares of e.l.f. Beauty by 2.1% during the second quarter. Evergreen Capital Management LLC now owns 4,777 shares of the company’s stock worth $1,007,000 after purchasing an additional 99 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $129.98 on Tuesday. The firm has a market capitalization of $7.32 billion, a P/E ratio of 70.26, a PEG ratio of 2.77 and a beta of 1.44. The stock has a 50-day simple moving average of $112.58 and a two-hundred day simple moving average of $152.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. e.l.f. Beauty, Inc. has a fifty-two week low of $98.50 and a fifty-two week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The company had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. e.l.f. Beauty’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. On average, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Analysts Set New Price Targets

ELF has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their price objective on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. dropped their price target on e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Morgan Stanley decreased their price objective on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research report on Monday, September 30th. DA Davidson reissued a “buy” rating and set a $170.00 target price on shares of e.l.f. Beauty in a research report on Monday. Finally, Jefferies Financial Group cut their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $173.53.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the transaction, the chief executive officer now owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. This represents a 18.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.50% of the company’s stock.

e.l.f. Beauty Company Profile

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.