Kennedy Capital Management LLC Sells 25,336 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Kennedy Capital Management LLC lowered its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 50.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,753 shares of the company's stock after selling 25,336 shares during the period. Kennedy Capital Management LLC's holdings in e.l.f. Beauty were worth $3,108,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Treasurer of the State of North Carolina increased its position in e.l.f. Beauty by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company's stock valued at $2,967,000 after buying an additional 140 shares in the last quarter. Bessemer Group Inc. raised its position in e.l.f. Beauty by 22.0% in the fourth quarter. Bessemer Group Inc. now owns 258,233 shares of the company's stock worth $32,421,000 after acquiring an additional 46,518 shares during the period. Advisory Services Network LLC lifted its position in e.l.f. Beauty by 830.2% during the fourth quarter. Advisory Services Network LLC now owns 9,386 shares of the company's stock valued at $1,178,000 after purchasing an additional 8,377 shares in the last quarter. Greenland Capital Management LP purchased a new position in shares of e.l.f. Beauty during the 4th quarter valued at about $657,000. Finally, Ibex Investors LLC bought a new position in shares of e.l.f. Beauty in the fourth quarter worth approximately $226,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Trading Up 5.3 %

Shares of ELF traded up $2.65 during trading hours on Friday, hitting $52.60. The stock had a trading volume of 2,237,084 shares, compared to its average volume of 2,345,312. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. e.l.f. Beauty, Inc. has a 12-month low of $49.40 and a 12-month high of $219.77. The company's fifty day simple moving average is $64.51 and its 200 day simple moving average is $99.59. The firm has a market cap of $2.97 billion, a P/E ratio of 31.12, a P/E/G ratio of 6.76 and a beta of 1.41.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate 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%. Equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Insider Activity at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the transaction, the director now directly owns 1,888 shares of the company's stock, valued at $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.50% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. DA Davidson lowered their target price on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. B. Riley restated a "buy" rating and issued a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Stifel Nicolaus lowered their target price on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating for the company in a research note on Monday, February 3rd. Canaccord Genuity Group reduced their price objective on e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Finally, Piper Sandler lowered 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. Five investment 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $121.82.

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.