Rockefeller Capital Management L.P. Buys Shares of 11,666 e.l.f. Beauty, Inc. (NYSE:ELF)

Rockefeller Capital Management L.P. acquired a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,666 shares of the company's stock, valued at approximately $1,465,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Nemes Rush Group LLC bought a new stake in shares of e.l.f. Beauty during the fourth quarter valued at approximately $27,000. Wilmington Savings Fund Society FSB bought a new stake in e.l.f. Beauty during the 3rd quarter valued at $25,000. Promus Capital LLC acquired a new position in e.l.f. Beauty during the fourth quarter worth $31,000. Kestra Investment Management LLC bought a new position in shares of e.l.f. Beauty in the fourth quarter valued at $32,000. Finally, Financial Life Planners acquired a new position in shares of e.l.f. Beauty during the fourth quarter valued at about $46,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Joshua Allen Franks sold 51,353 shares of e.l.f. Beauty stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $2,740,196.08. Following the sale, the senior vice president now owns 114,660 shares of the company's stock, valued at approximately $6,118,257.60. The trade was a 30.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kory Marchisotto sold 51,350 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $2,740,036.00. Following the completion of the transaction, the insider now owns 152,492 shares of the company's stock, valued at approximately $8,136,973.12. The trade was a 25.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 204,618 shares of company stock valued at $10,974,536 in the last quarter. Insiders own 3.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ELF. JPMorgan Chase & Co. dropped their price target on shares of e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Piper Sandler decreased their target price on e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Truist Financial reduced their price target on shares of e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday. B. Riley reaffirmed a "buy" rating and issued a $90.00 price objective (down previously from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, Stifel Nicolaus dropped their price objective on e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and an average price target of $117.41.

e.l.f. Beauty Price Performance

ELF stock traded up $3.82 during mid-day trading on Thursday, hitting $60.66. 2,017,815 shares of the stock were exchanged, compared to its average volume of 2,957,077. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 35.89, a PEG ratio of 6.76 and a beta of 1.41. 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, Inc. has a 12 month low of $49.40 and a 12 month high of $219.77. The business has a fifty day moving average price of $62.88 and a 200 day moving average price of $98.18.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings results 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%. On average, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

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.