e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Artemis Investment Management LLP

Artemis Investment Management LLP cut its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 39.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,363 shares of the company's stock after selling 38,552 shares during the period. Artemis Investment Management LLP owned approximately 0.11% of e.l.f. Beauty worth $7,579,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC raised its stake in shares of e.l.f. Beauty by 2.1% during the second quarter. Evergreen Capital Management LLC now owns 4,777 shares of the company's stock worth $1,007,000 after purchasing an additional 99 shares during the last quarter. Cetera Trust Company N.A raised its position in e.l.f. Beauty by 14.4% during the 3rd quarter. Cetera Trust Company N.A now owns 1,030 shares of the company's stock worth $112,000 after buying an additional 130 shares during the last quarter. Fulton Bank N.A. lifted its stake in shares of e.l.f. Beauty by 1.7% in the 3rd quarter. Fulton Bank N.A. now owns 8,222 shares of the company's stock worth $896,000 after acquiring an additional 139 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of e.l.f. Beauty by 6.5% in the third quarter. Sequoia Financial Advisors LLC now owns 2,609 shares of the company's stock valued at $284,000 after acquiring an additional 159 shares in the last quarter. Finally, Independent Advisor Alliance increased its stake in shares of e.l.f. Beauty by 7.5% during the third quarter. Independent Advisor Alliance now owns 2,983 shares of the company's stock worth $325,000 after acquiring an additional 207 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

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

In other news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the transaction, the director now directly owns 1,888 shares of the company's stock, valued at $245,440. The trade was a 29.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Tarang Amin sold 890 shares of the firm's stock in a transaction that occurred on 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 owns 99,699 shares in the company, valued at $13,718,582.40. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock worth $297,442 in the last 90 days. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Trading Down 5.0 %

Shares of NYSE:ELF traded down $6.74 during trading on Monday, reaching $127.17. The stock had a trading volume of 1,966,609 shares, compared to its average volume of 976,643. e.l.f. Beauty, Inc. has a fifty-two week low of $98.50 and a fifty-two week high of $221.83. The business has a fifty day moving average price of $129.27 and a 200-day moving average price of $136.48. The stock has a market cap of $7.16 billion, a P/E ratio of 68.74, a PEG ratio of 2.17 and a beta of 1.50. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.34. The business had revenue of $301.10 million for the quarter, compared to analysts' expectations of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business's revenue was up 39.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 earnings per share. As a group, analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

ELF has been the topic of a number of analyst reports. UBS Group lifted their price objective on e.l.f. Beauty from $156.00 to $158.00 and gave the company a "buy" rating in a report on Thursday. The Goldman Sachs Group began coverage on e.l.f. Beauty in a research note on Friday, December 13th. They issued a "buy" rating and a $165.00 price target on the stock. Robert W. Baird reduced their target price on e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating for the company in a report on Monday, October 21st. Canaccord Genuity Group lowered their price target on shares of e.l.f. Beauty from $250.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Finally, B. Riley reduced their price objective on shares of e.l.f. Beauty from $175.00 to $150.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $169.06.

About e.l.f. Beauty

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.