Greenland Capital Management LP bought a new stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,231 shares of the company's stock, valued at approximately $657,000.
Other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC raised its stake in shares of e.l.f. Beauty by 7.8% during the 3rd quarter. Janus Henderson Group PLC now owns 36,779 shares of the company's stock worth $4,009,000 after buying an additional 2,676 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in e.l.f. Beauty by 37.8% in the third quarter. Integrated Wealth Concepts LLC now owns 2,335 shares of the company's stock valued at $255,000 after acquiring an additional 641 shares during the period. Quarry LP acquired a new stake in e.l.f. Beauty in the third quarter valued at $62,000. Quantinno Capital Management LP grew its stake in shares of e.l.f. Beauty by 21.8% during the 3rd quarter. Quantinno Capital Management LP now owns 2,318 shares of the company's stock worth $253,000 after purchasing an additional 415 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of e.l.f. Beauty by 57.7% in the 3rd quarter. Stifel Financial Corp now owns 28,244 shares of the company's stock valued at $3,079,000 after purchasing an additional 10,332 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other 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 value of $269,560.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at $127,232.32. This trade represents a 67.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.50% of the company's stock.
e.l.f. Beauty Trading Down 0.4 %
Shares of e.l.f. Beauty stock traded down $0.20 during trading hours on Friday, reaching $53.60. 3,523,420 shares of the company's stock were exchanged, compared to its average volume of 2,334,297. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 31.71, a price-to-earnings-growth 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, Inc. has a 52-week low of $49.90 and a 52-week high of $219.77. The company has a fifty day moving average of $66.75 and a 200-day moving average of $101.15.
e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings results 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 return on equity of 16.88% and a net margin of 7.55%. Sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
ELF has been the topic of several recent analyst reports. Morgan Stanley restated an "equal weight" rating and set a $70.00 target price (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Raymond James dropped their price objective on e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating for the company in a research note on Friday, February 7th. Piper Sandler decreased their target price on e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Canaccord Genuity Group dropped their price target on e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Finally, 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. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty currently has an average rating of "Moderate Buy" and a consensus price target of $124.76.
Get Our Latest Analysis on ELF
About e.l.f. Beauty
(
Free Report)
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.
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