Aquatic Capital Management LLC Sells 16,849 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Aquatic Capital Management LLC lessened its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 115,851 shares of the company's stock after selling 16,849 shares during the period. Aquatic Capital Management LLC owned 0.21% of e.l.f. Beauty worth $14,545,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its holdings in e.l.f. Beauty by 3.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company's stock worth $361,000 after acquiring an additional 91 shares during the last quarter. Truist Financial Corp grew its holdings in e.l.f. Beauty by 1.3% in the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company's stock worth $990,000 after acquiring an additional 102 shares during the last quarter. Arizona State Retirement System grew its holdings in e.l.f. Beauty by 0.8% in the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company's stock worth $2,055,000 after acquiring an additional 128 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in e.l.f. Beauty by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company's stock worth $2,967,000 after acquiring an additional 140 shares during the last quarter. Finally, Atria Wealth Solutions Inc. grew its holdings in e.l.f. Beauty by 7.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company's stock worth $262,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 92.44% of the company's stock.

Wall Street Analysts Forecast Growth

ELF has been the topic of a number of recent analyst reports. Truist Financial cut their price target on shares of e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their target price on shares of e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Stifel Nicolaus cut their target price on shares of 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. DA Davidson decreased their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, Canaccord Genuity Group lowered their price objective 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. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $117.41.

Insider Buying and Selling at e.l.f. Beauty

In other news, SVP Joshua Allen Franks sold 51,353 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,196.08. Following the transaction, the senior vice president now directly owns 114,660 shares of the company's stock, valued at $6,118,257.60. This represents a 30.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Maureen C. Watson sold 4,000 shares of the firm's stock in a transaction on Friday, March 7th. The stock was 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 owns 1,888 shares in the company, valued at approximately $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,618 shares of company stock worth $10,974,536. Company insiders own 3.50% of the company's stock.

e.l.f. Beauty Stock Up 0.3 %

Shares of ELF traded up $0.16 on Tuesday, hitting $62.14. 1,040,407 shares of the stock traded hands, compared to its average volume of 2,353,170. The company has a market capitalization of $3.50 billion, a PE ratio of 36.77, a P/E/G ratio of 6.76 and a beta of 1.41. e.l.f. Beauty, Inc. has a one year low of $49.40 and a one year high of $219.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The business has a 50 day simple moving average of $62.19 and a 200 day simple moving average of $97.15.

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 for the quarter, missing the consensus estimate 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%. As a group, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal 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.