e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Black Swift Group LLC

Black Swift Group LLC reduced its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 58.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,000 shares of the company’s stock after selling 5,700 shares during the quarter. Black Swift Group LLC’s holdings in e.l.f. Beauty were worth $502,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Baillie Gifford & Co. boosted its holdings in shares of e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock valued at $1,005,584,000 after buying an additional 2,703,742 shares during the period. Champlain Investment Partners LLC acquired a new position in shares of e.l.f. Beauty in the 3rd quarter valued at about $121,558,000. Swedbank AB acquired a new position in shares of e.l.f. Beauty in the 3rd quarter valued at about $76,321,000. Raymond James Financial Inc. acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at about $68,775,000. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of e.l.f. Beauty by 223.2% in 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 period. 92.44% of the stock is owned by institutional investors and hedge funds.

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

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the company’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 value of $122,464.00. Following the transaction, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. This represents a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott Milsten sold 530 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the transaction, the insider now 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. Company insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

ELF has been the topic of several recent research reports. Canaccord Genuity Group cut their price objective on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. UBS Group reiterated a “neutral” rating and issued a $74.00 price objective (down from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. JPMorgan Chase & Co. lifted their price objective on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price objective on the stock. Finally, B. Riley reiterated a “buy” rating and issued a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.94.

e.l.f. Beauty Stock Up 0.9 %

Shares of NYSE:ELF opened at $64.52 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The company has a market cap of $3.64 billion, a PE ratio of 38.18, a price-to-earnings-growth ratio of 6.76 and a beta of 1.47. e.l.f. Beauty, Inc. has a 52 week low of $61.90 and a 52 week high of $219.77. The firm has a 50 day simple moving average of $100.16 and a 200 day simple moving average of $115.49.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.41 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 expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

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.