e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Royal Fund Management LLC

Royal Fund Management LLC reduced its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 88.7% in the 4th quarter, Holdings Channel reports. The firm owned 2,100 shares of the company’s stock after selling 16,500 shares during the quarter. Royal Fund Management LLC’s holdings in e.l.f. Beauty were worth $264,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ELF. Wilmington Savings Fund Society FSB acquired a new stake in shares of e.l.f. Beauty in the third quarter valued at about $25,000. Planning Capital Management Corp boosted its holdings in e.l.f. Beauty by 1,855.0% in the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after acquiring an additional 371 shares during the period. nVerses Capital LLC acquired a new stake in e.l.f. Beauty in the third quarter valued at approximately $44,000. Peterson Financial Group Inc. purchased a new stake in shares of e.l.f. Beauty during the third quarter valued at approximately $45,000. Finally, Blue Trust Inc. boosted its stake in shares of e.l.f. Beauty by 2,357.1% in the third quarter. Blue Trust Inc. now owns 516 shares of the company’s stock valued at $56,000 after purchasing an additional 495 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 890 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value 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 represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the sale, the insider now directly owns 68,853 shares in the company, valued at $9,474,172.80. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock worth $297,442 in the last ninety days. 3.50% of the stock is owned by insiders.

e.l.f. Beauty Stock Down 6.6 %

Shares of e.l.f. Beauty stock opened at $118.59 on Wednesday. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 64.10, a PEG ratio of 2.21 and a beta of 1.50. e.l.f. Beauty, Inc. has a twelve month low of $98.50 and a twelve month high of $221.83. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The business’s 50 day simple moving average is $129.13 and its 200-day simple moving average is $135.95.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The firm had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. During the same period last year, the company earned $0.66 earnings per share. The firm’s revenue for the quarter was up 39.7% on a year-over-year basis. Equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.79 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ELF shares. UBS Group lifted their price target on shares of e.l.f. Beauty from $156.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Piper Sandler boosted their price target on e.l.f. Beauty from $165.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. 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 note on Thursday, November 7th. Robert W. Baird cut their target price on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. raised 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 report on Thursday, January 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $169.06.

e.l.f. Beauty Company 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.