e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. reduced its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 18.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,217 shares of the company’s stock after selling 746 shares during the quarter. Navellier & Associates Inc.’s holdings in e.l.f. Beauty were worth $404,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ELF. Blue Trust Inc. lifted its position in shares of e.l.f. Beauty by 2,357.1% in the 3rd quarter. Blue Trust Inc. now owns 516 shares of the company’s stock worth $56,000 after buying an additional 495 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of e.l.f. Beauty by 6.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,609 shares of the company’s stock worth $284,000 after buying an additional 159 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of e.l.f. Beauty by 289.8% in the 3rd quarter. Private Advisor Group LLC now owns 19,396 shares of the company’s stock worth $2,115,000 after buying an additional 14,420 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of e.l.f. Beauty in the 3rd quarter worth about $16,369,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of e.l.f. Beauty by 54.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,119 shares of the company’s stock worth $3,728,000 after buying an additional 11,679 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Insider Transactions at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Tarang Amin sold 890 shares of the business’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 $122,464.00. Following the transaction, the chief executive officer now directly owns 99,699 shares in the company, valued at $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. 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 quarter. Insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ELF shares. Raymond James reduced their price target on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research report on Friday, February 7th. 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. The Goldman Sachs Group cut their price objective on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research report on Friday. Morgan Stanley reiterated an “equal weight” rating and issued a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, Truist Financial lifted their price objective 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 research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $132.94.

e.l.f. Beauty Stock Up 5.1 %

ELF stock opened at $74.76 on Monday. The firm’s 50-day moving average is $110.17 and its two-hundred day moving average is $120.60. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 44.23, a price-to-earnings-growth ratio of 6.76 and a beta of 1.47. 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 52 week low of $63.50 and a 52 week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data 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 return on equity of 16.88% and a net margin of 7.55%. On average, analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

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.