Legato Capital Management LLC purchased a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,375 shares of the company's stock, valued at approximately $926,000.
Several other institutional investors have also modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new position in e.l.f. Beauty in the third quarter valued at approximately $25,000. Financial Life Planners bought a new stake in e.l.f. Beauty in the 4th quarter valued at $46,000. Planning Capital Management Corp boosted its stake in e.l.f. Beauty by 1,855.0% in the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company's stock worth $43,000 after purchasing an additional 371 shares during the period. nVerses Capital LLC acquired a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at about $44,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of e.l.f. Beauty in the third quarter valued at about $45,000. Institutional investors own 92.44% of the company's stock.
Insider Buying and Selling
In other news, insider Scott Milsten sold 530 shares of the company's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 890 shares of the firm's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the transaction, the chief executive officer now directly owns 99,699 shares in the company, valued at approximately $13,718,582.40. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is owned by company insiders.
e.l.f. Beauty Stock Performance
Shares of NYSE:ELF traded down $1.98 during trading on Monday, reaching $72.97. 3,049,882 shares of the stock were exchanged, compared to its average volume of 2,417,069. e.l.f. Beauty, Inc. has a 12 month low of $63.50 and a 12 month high of $221.83. The stock has a 50-day moving average price of $116.66 and a 200-day moving average price of $123.76. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The firm has a market cap of $4.11 billion, a PE ratio of 43.18, a PEG ratio of 1.54 and a beta of 1.47.
e.l.f. Beauty (NYSE:ELF - Get Free Report) last released 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 17.35%. Research analysts expect that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts have recently commented on the stock. UBS Group reissued a "neutral" rating and issued a $74.00 price objective (down previously from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. JPMorgan Chase & Co. lifted their target price on 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. Jefferies Financial Group decreased their price target on e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Truist Financial upped their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Finally, Robert W. Baird decreased their target price on shares of e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating for the company in a research note on Monday, October 21st. 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 company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $134.00.
View Our Latest Stock Report 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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