e.l.f. Beauty, Inc. (NYSE:ELF) Stock Holdings Trimmed by Coastline Trust Co

Coastline Trust Co lowered its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 89.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 790 shares of the company's stock after selling 6,366 shares during the quarter. Coastline Trust Co's holdings in e.l.f. Beauty were worth $99,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of e.l.f. Beauty by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 456,433 shares of the company's stock worth $57,310,000 after purchasing an additional 39,549 shares during the period. Formula Growth Ltd. acquired a new position in shares of e.l.f. Beauty during the fourth quarter worth $628,000. Champlain Investment Partners LLC grew its position in shares of e.l.f. Beauty by 99.7% in the 4th quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock valued at $279,531,000 after buying an additional 1,111,550 shares during the last quarter. Osterweis Capital Management Inc. boosted its stake in shares of e.l.f. Beauty by 62.3% in the 4th quarter. Osterweis Capital Management Inc. now owns 127,839 shares of the company's stock valued at $16,050,000 after purchasing an additional 49,050 shares during the last quarter. Finally, Portolan Capital Management LLC boosted its position in shares of e.l.f. Beauty by 92.8% during the 4th quarter. Portolan Capital Management LLC now owns 229,998 shares of the company's stock valued at $28,876,000 after purchasing an additional 110,709 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ELF. Stifel Nicolaus dropped their target price on e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a report on Monday, February 3rd. Raymond James reduced their price target on e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating for the company in a research report on Thursday, April 17th. Piper Sandler reduced their price target on shares of e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. DA Davidson decreased their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. reduced their price target on shares of e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Five 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $121.82.

e.l.f. Beauty Trading Up 2.7 %

NYSE:ELF traded up $1.47 during trading hours on Wednesday, reaching $56.80. 3,016,676 shares of the stock were exchanged, compared to its average volume of 2,350,465. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 33.61, 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. The business has a 50-day moving average of $63.20 and a two-hundred day moving average of $98.47. e.l.f. Beauty, Inc. has a twelve month low of $49.40 and a twelve month high of $219.77.

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 for the quarter, missing analysts' consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. On average, equities analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Insiders Place Their Bets

In other news, Director Maureen C. Watson sold 4,000 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction 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 $127,232.32. The trade was a 67.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Joshua Allen Franks sold 51,353 shares of e.l.f. Beauty stock in a transaction on Monday, April 21st. The shares were 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 owns 114,660 shares in the company, valued at $6,118,257.60. The trade was a 30.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 204,618 shares of company stock worth $10,974,536. 3.50% of the stock is owned by corporate insiders.

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.