Ithaka Group LLC Sells 1,226 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Ithaka Group LLC lessened its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,922 shares of the company’s stock after selling 1,226 shares during the quarter. Ithaka Group LLC’s holdings in e.l.f. Beauty were worth $6,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of e.l.f. Beauty in the third quarter worth approximately $25,000. Promus Capital LLC purchased a new stake in e.l.f. Beauty during the 4th quarter valued at $31,000. Kestra Investment Management LLC purchased a new position in shares of e.l.f. Beauty in the fourth quarter worth $32,000. Planning Capital Management Corp lifted its holdings in shares of e.l.f. Beauty by 1,855.0% during the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after purchasing an additional 371 shares in the last quarter. Finally, Peterson Financial Group Inc. purchased a new stake in shares of e.l.f. Beauty during the third quarter valued at $45,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

ELF stock opened at $67.99 on Thursday. e.l.f. Beauty, Inc. has a 1-year low of $61.90 and a 1-year high of $219.77. The business has a 50-day moving average price of $94.36 and a 200 day moving average price of $112.09. The company has a market capitalization of $3.83 billion, a P/E ratio of 40.23, a PEG ratio of 6.76 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data 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 net margin of 7.55% and a return on equity of 16.88%. As a group, equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Insider Activity

In related news, Director Maureen C. Watson sold 4,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the sale, the director now owns 1,888 shares of the company’s stock, valued at $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ELF shares. Deutsche Bank Aktiengesellschaft began coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They issued a “hold” rating and a $133.00 target price for the company. UBS Group reaffirmed a “neutral” rating and set a $74.00 price target (down previously from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Piper Sandler dropped their target price on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. The Goldman Sachs Group dropped their price target on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, 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. 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $132.94.

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.