Great Lakes Advisors LLC Lowers Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Great Lakes Advisors LLC trimmed its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 24.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,378 shares of the company’s stock after selling 1,383 shares during the quarter. Great Lakes Advisors LLC’s holdings in e.l.f. Beauty were worth $550,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in e.l.f. Beauty in the third quarter valued at $25,000. Promus Capital LLC purchased a new stake in e.l.f. Beauty in the fourth quarter valued at $31,000. Kestra Investment Management LLC purchased a new stake in e.l.f. Beauty in the fourth quarter valued at $32,000. Peterson Financial Group Inc. purchased a new stake in shares of e.l.f. Beauty during the 3rd quarter worth about $45,000. Finally, Financial Life Planners purchased a new stake in shares of e.l.f. Beauty during the 4th quarter worth about $46,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Up 8.7 %

ELF stock opened at $68.43 on Monday. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 40.49, a PEG ratio of 6.76 and a beta of 1.60. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 12 month low of $61.90 and a 12 month high of $219.77. The firm has a 50-day moving average of $92.02 and a two-hundred day moving average of $110.56.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. As a group, analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on ELF. Truist Financial increased their target price on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. B. Riley reissued a “buy” rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. UBS Group reissued a “neutral” rating and set a $74.00 target price (down from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Piper Sandler lowered their target price on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $132.94.

Insider Transactions at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the sale, the director now owns 1,888 shares in the company, valued at $127,232.32. This trade represents a 67.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.50% of the company’s stock.

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.