Oppenheimer Asset Management Inc. Sells 4,205 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Oppenheimer Asset Management Inc. reduced its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 11.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,224 shares of the company’s stock after selling 4,205 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in e.l.f. Beauty were worth $4,046,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new stake in e.l.f. Beauty during the 3rd quarter valued at $25,000. Kestra Investment Management LLC bought a new position in shares of e.l.f. Beauty in the fourth quarter valued at about $32,000. Planning Capital Management Corp lifted its stake in shares of e.l.f. Beauty by 1,855.0% during the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after buying an additional 371 shares during the last quarter. Peterson Financial Group Inc. bought a new stake in shares of e.l.f. Beauty during the 3rd quarter worth about $45,000. Finally, Financial Life Planners acquired a new position in e.l.f. Beauty in the 4th quarter valued at about $46,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the sale, the chief executive officer now owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Scott Milsten sold 530 shares of the firm’s 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 approximately $9,474,172.80. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of NYSE:ELF opened at $70.27 on Friday. The company’s 50 day simple moving average is $104.17 and its 200 day simple moving average is $117.36. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. e.l.f. Beauty, Inc. has a 1 year low of $63.50 and a 1 year high of $221.83. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 41.58, a price-to-earnings-growth ratio of 6.76 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate 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 fiscal year.

Wall Street Analysts Forecast Growth

ELF has been the subject of several research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They set a “hold” rating and a $133.00 price objective for the company. The Goldman Sachs Group dropped their price target on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a report on Friday, February 21st. DA Davidson reaffirmed a “neutral” rating and issued a $80.00 price objective on shares of e.l.f. Beauty in a report on Tuesday, February 18th. B. Riley reiterated a “buy” rating and set a $90.00 price objective (down previously from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, Truist Financial boosted their target price on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $132.94.

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.