CIBC Private Wealth Group LLC Has $866,000 Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

CIBC Private Wealth Group LLC decreased its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 95.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,783 shares of the company's stock after selling 150,925 shares during the quarter. CIBC Private Wealth Group LLC's holdings in e.l.f. Beauty were worth $866,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ELF. Principal Financial Group Inc. grew its stake in e.l.f. Beauty by 149.8% during the 4th quarter. Principal Financial Group Inc. now owns 328,557 shares of the company's stock worth $41,250,000 after buying an additional 197,028 shares during the last quarter. Global Retirement Partners LLC grew its stake in e.l.f. Beauty by 441.0% during the 4th quarter. Global Retirement Partners LLC now owns 8,283 shares of the company's stock worth $1,040,000 after buying an additional 6,752 shares during the last quarter. Robbins Farley grew its stake in e.l.f. Beauty by 27.1% during the 4th quarter. Robbins Farley now owns 34,396 shares of the company's stock worth $4,318,000 after buying an additional 7,335 shares during the last quarter. Pacer Advisors Inc. grew its stake in e.l.f. Beauty by 43.4% during the 4th quarter. Pacer Advisors Inc. now owns 11,802 shares of the company's stock worth $1,482,000 after buying an additional 3,572 shares during the last quarter. Finally, Ibex Wealth Advisors bought a new position in e.l.f. Beauty during the 4th quarter worth $5,519,000. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Trading Down 4.3 %

Shares of NYSE ELF traded down $2.41 during mid-day trading on Thursday, hitting $53.33. 709,304 shares of the company traded hands, compared to its average volume of 2,312,353. The business has a 50 day moving average of $68.24 and a two-hundred day moving average of $101.94. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 6.76 and a beta of 1.41. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 1 year low of $49.90 and a 1 year high of $219.77.

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e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data 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 return on equity of 16.88% and a net margin of 7.55%. On average, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Maureen C. Watson sold 4,000 shares of the 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 completion of the sale, the director now directly owns 1,888 shares of the company's stock, valued at approximately $127,232.32. This represents a 67.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ELF shares. JPMorgan Chase & Co. upped their price objective on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. B. Riley reissued a "buy" rating and issued a $90.00 price target (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Piper Sandler decreased their price target on e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. The Goldman Sachs Group cut their price objective on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, UBS Group restated a "neutral" rating and issued a $74.00 price objective (down previously from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Five equities 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $130.24.

e.l.f. Beauty 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.