WD Rutherford LLC Trims Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

WD Rutherford LLC lessened its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 0.9% during the fourth quarter, Holdings Channel reports. The firm owned 12,230 shares of the company’s stock after selling 110 shares during the quarter. WD Rutherford LLC’s holdings in e.l.f. Beauty were worth $1,882,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in e.l.f. Beauty by 235.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company’s stock valued at $265,196,000 after purchasing an additional 1,695,585 shares during the period. Invesco Ltd. increased its holdings in e.l.f. Beauty by 15.3% during the 3rd quarter. Invesco Ltd. now owns 1,497,707 shares of the company’s stock valued at $164,493,000 after purchasing an additional 198,235 shares during the period. William Blair Investment Management LLC grew its holdings in shares of e.l.f. Beauty by 58.2% during the 3rd quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock worth $156,427,000 after acquiring an additional 523,903 shares during the period. FMR LLC grew its holdings in shares of e.l.f. Beauty by 641.2% during the 3rd quarter. FMR LLC now owns 832,404 shares of the company’s stock worth $91,423,000 after acquiring an additional 720,098 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of e.l.f. Beauty by 52.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 607,359 shares of the company’s stock worth $66,706,000 after acquiring an additional 208,263 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Transactions at e.l.f. Beauty

In other news, insider Mandy J. Fields sold 1,250 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $174.90, for a total value of $218,625.00. Following the transaction, the insider now directly owns 77,146 shares in the company, valued at approximately $13,492,835.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the transaction, the chief executive officer now directly owns 10,889 shares of the company’s stock, valued at approximately $2,165,713.21. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mandy J. Fields sold 1,250 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $174.90, for a total value of $218,625.00. Following the completion of the transaction, the insider now directly owns 77,146 shares in the company, valued at $13,492,835.40. The disclosure for this sale can be found here. Insiders have sold a total of 178,081 shares of company stock worth $30,457,064 in the last ninety days. Insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ELF shares. DA Davidson reiterated a “buy” rating and set a $220.00 target price on shares of e.l.f. Beauty in a report on Monday, April 8th. Bank of America boosted their price target on e.l.f. Beauty from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Morgan Stanley boosted their price target on e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Stifel Nicolaus boosted their price target on e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Finally, StockNews.com cut e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $184.33.

e.l.f. Beauty Stock Performance

ELF stock opened at $179.56 on Friday. The company has a market cap of $9.97 billion, a P/E ratio of 79.45, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57. e.l.f. Beauty, Inc. has a 1 year low of $83.80 and a 1 year high of $221.83. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The stock’s fifty day moving average price is $186.57 and its 200-day moving average price is $151.51.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. The firm had revenue of $270.94 million for the quarter, compared to the consensus estimate of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. On average, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current year.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.