e.l.f. Beauty $ELF Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its stake in e.l.f. Beauty (NYSE:ELF) by 4.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 25,641 shares of the company’s stock after selling 1,221 shares during the quarter. Amalgamated Bank’s holdings in e.l.f. Beauty were worth $3,191,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. lifted its holdings in e.l.f. Beauty by 1,734.6% during the second quarter. Hantz Financial Services Inc. now owns 477 shares of the company’s stock valued at $59,000 after purchasing an additional 451 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of e.l.f. Beauty by 167.9% during the second quarter. Parallel Advisors LLC now owns 627 shares of the company’s stock worth $78,000 after purchasing an additional 393 shares in the last quarter. Larson Financial Group LLC raised its position in shares of e.l.f. Beauty by 56.5% during the 1st quarter. Larson Financial Group LLC now owns 676 shares of the company’s stock worth $42,000 after purchasing an additional 244 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in e.l.f. Beauty by 577.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 759 shares of the company’s stock valued at $49,000 after buying an additional 647 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in e.l.f. Beauty in the 2nd quarter valued at about $106,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $120.97 on Tuesday. The stock’s fifty day moving average is $132.60 and its two-hundred day moving average is $113.68. The firm has a market capitalization of $7.18 billion, a P/E ratio of 71.16, a price-to-earnings-growth ratio of 2.84 and a beta of 1.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.34 and a current ratio of 3.26. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $150.99.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The business had revenue of $353.74 million during the quarter, compared to the consensus estimate of $348.99 million. During the same period last year, the company earned $1.10 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, research analysts anticipate that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of e.l.f. Beauty in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft lowered e.l.f. Beauty from a “buy” rating to a “hold” rating and lifted their price target for the stock from $121.00 to $128.00 in a research note on Tuesday, September 2nd. B. Riley increased their price objective on e.l.f. Beauty from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Jefferies Financial Group raised their price objective on e.l.f. Beauty from $135.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Finally, Morgan Stanley upped their target price on shares of e.l.f. Beauty from $134.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $145.07.

Insider Activity

In other news, insider Scott Milsten sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $150.23, for a total transaction of $2,253,450.00. Following the completion of the sale, the insider owned 97,406 shares in the company, valued at $14,633,303.38. This trade represents a 13.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tarang Amin sold 116,315 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $132.24, for a total transaction of $15,381,495.60. Following the sale, the chief executive officer directly owned 81,818 shares in the company, valued at approximately $10,819,612.32. The trade was a 58.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 301,060 shares of company stock valued at $40,994,733 in the last quarter. Insiders own 3.90% of the company’s stock.

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.