Algert Global LLC Sells 1,152 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Algert Global LLC lowered its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,379 shares of the company’s stock after selling 1,152 shares during the period. Algert Global LLC’s holdings in e.l.f. Beauty were worth $3,639,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new stake in e.l.f. Beauty in the second quarter valued at $26,000. Matrix Trust Co bought a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at about $27,000. Innealta Capital LLC acquired a new stake in e.l.f. Beauty in the 2nd quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. grew its holdings in e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after purchasing an additional 138 shares during the period. Finally, Crewe Advisors LLC increased its position in e.l.f. Beauty by 456.3% during the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock worth $38,000 after buying an additional 146 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the transaction, the chief executive officer now owns 106,016 shares in the company, valued at $14,465,883.20. This trade represents a 18.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.50% of the stock is currently owned by company insiders.

e.l.f. Beauty Stock Up 2.8 %

ELF stock opened at $129.98 on Tuesday. The stock has a market capitalization of $7.32 billion, a P/E ratio of 70.26, a price-to-earnings-growth ratio of 2.77 and a beta of 1.44. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $112.58 and a 200-day moving average price of $152.39. e.l.f. Beauty, Inc. has a 12 month low of $98.50 and a 12 month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The firm had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The company’s quarterly revenue was up 39.7% on a year-over-year basis. During the same quarter last year, the business posted $0.66 earnings per share. As a group, equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ELF. Bank of America reduced their target price on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Jefferies Financial Group lowered their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. DA Davidson reaffirmed a “buy” rating and set a $170.00 target price on shares of e.l.f. Beauty in a report on Monday. Piper Sandler reiterated an “overweight” rating and issued a $165.00 price target (up from $162.00) on shares of e.l.f. Beauty in a research note on Thursday, November 7th. Finally, Truist Financial lowered their price objective on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $173.53.

e.l.f. Beauty Company 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.