Robbins Farley Has $4.32 Million Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Robbins Farley boosted its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 27.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,396 shares of the company’s stock after buying an additional 7,335 shares during the period. e.l.f. Beauty makes up about 2.1% of Robbins Farley’s holdings, making the stock its 21st biggest position. Robbins Farley owned approximately 0.06% of e.l.f. Beauty worth $4,318,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Baillie Gifford & Co. raised its holdings in shares of e.l.f. Beauty by 39.5% during the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock worth $578,480,000 after acquiring an additional 1,501,151 shares in the last quarter. Champlain Investment Partners LLC acquired a new position in e.l.f. Beauty in the 3rd quarter worth about $121,558,000. Swedbank AB purchased a new stake in shares of e.l.f. Beauty during the 3rd quarter worth about $76,321,000. Thrivent Financial for Lutherans lifted its holdings in shares of e.l.f. Beauty by 223.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock valued at $60,543,000 after buying an additional 383,478 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its stake in shares of e.l.f. Beauty by 20,187.5% in the 3rd quarter. Westfield Capital Management Co. LP now owns 334,743 shares of the company’s stock valued at $36,497,000 after buying an additional 333,093 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Trading Down 6.5 %

Shares of e.l.f. Beauty stock opened at $93.41 on Tuesday. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 50.49, a PEG ratio of 1.74 and a beta of 1.47. e.l.f. Beauty, Inc. has a 1 year low of $92.20 and a 1 year high of $221.83. The company’s fifty day simple moving average is $126.69 and its 200-day simple moving average is $130.36. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The company had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. During the same quarter in the previous year, the firm posted $0.66 EPS. The business’s revenue was up 39.7% compared to the same quarter last year. As a group, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

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

In other news, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the transaction, the director now owns 1,888 shares of the company’s stock, valued at approximately $245,440. The trade was a 29.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock valued at $297,442 in the last 90 days. 3.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ELF shares. Canaccord Genuity Group cut their price objective on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Morgan Stanley upgraded shares of e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $139.00 to $153.00 in a report on Monday, January 13th. The Goldman Sachs Group began coverage on shares of e.l.f. Beauty in a research note on Friday, December 13th. They issued a “buy” rating and a $165.00 price objective for the company. Piper Sandler increased their target price on shares of e.l.f. Beauty from $165.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Finally, Truist Financial boosted their price target on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.47.

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.