CIBC Private Wealth Group LLC Has $866,000 Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

CIBC Private Wealth Group LLC decreased its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 95.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,783 shares of the company’s stock after selling 150,925 shares during the period. CIBC Private Wealth Group LLC’s holdings in e.l.f. Beauty were worth $866,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Allianz SE bought a new stake in shares of e.l.f. Beauty during the fourth quarter valued at approximately $453,000. Level Four Advisory Services LLC boosted its position in e.l.f. Beauty by 10.6% in the 4th quarter. Level Four Advisory Services LLC now owns 7,266 shares of the company’s stock valued at $912,000 after buying an additional 694 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of e.l.f. Beauty by 11.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 8,120 shares of the company’s stock valued at $1,019,000 after buying an additional 837 shares during the period. New Age Alpha Advisors LLC bought a new stake in shares of e.l.f. Beauty during the fourth quarter worth $1,339,000. Finally, Norges Bank bought a new stake in shares of e.l.f. Beauty during the fourth quarter worth $7,403,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

ELF stock opened at $54.88 on Friday. e.l.f. Beauty, Inc. has a 1-year low of $49.90 and a 1-year high of $219.77. The business’s 50-day moving average price is $73.38 and its two-hundred day moving average price is $104.02. The firm has a market cap of $3.10 billion, a PE ratio of 32.48, a P/E/G ratio of 6.76 and a beta of 1.41. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20.

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

Wall Street Analyst Weigh In

ELF has been the subject of a number of research reports. 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. Truist Financial raised their target price on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. UBS Group reissued a “neutral” rating and set a $74.00 price target (down from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, Raymond James lowered their target price on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a report on Friday, February 7th. Five 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.24.

Insider Transactions at e.l.f. Beauty

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

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.