e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 476,370 shares of the company's stock after selling 45,375 shares during the period. Bank of New York Mellon Corp owned about 0.85% of e.l.f. Beauty worth $59,808,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in e.l.f. Beauty during the third quarter worth about $25,000. Kestra Investment Management LLC acquired a new stake in e.l.f. Beauty during the fourth quarter worth about $32,000. Planning Capital Management Corp grew its holdings in e.l.f. Beauty by 1,855.0% in the third quarter. Planning Capital Management Corp now owns 391 shares of the company's stock valued at $43,000 after purchasing an additional 371 shares during the period. Peterson Financial Group Inc. acquired a new stake in e.l.f. Beauty in the third quarter valued at approximately $45,000. Finally, Financial Life Planners acquired a new stake in e.l.f. Beauty in the fourth quarter valued at approximately $46,000. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Trading Up 9.8 %

NYSE:ELF traded up $6.33 on Friday, reaching $70.75. The company's stock had a trading volume of 4,072,178 shares, compared to its average volume of 3,116,674. e.l.f. Beauty, Inc. has a 12-month low of $61.90 and a 12-month high of $219.77. 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 stock has a 50 day moving average price of $97.69 and a 200 day moving average price of $114.51. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 41.87, a price-to-earnings-growth ratio of 6.76 and a beta of 1.47.

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e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued 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 anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on e.l.f. Beauty from $154.00 to $163.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft assumed coverage on e.l.f. Beauty in a report on Thursday, December 12th. They issued a "hold" rating and a $133.00 price objective on the stock. DA Davidson reissued a "neutral" rating and issued a $80.00 price objective on shares of e.l.f. Beauty in a report on Tuesday, February 18th. Raymond James dropped their price objective on e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating on the stock in a report on Friday, February 7th. Finally, Stifel Nicolaus dropped their price objective 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. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $132.94.

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.