40,900 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS acquired a new stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 40,900 shares of the company's stock, valued at approximately $5,135,000. Kornitzer Capital Management Inc. KS owned about 0.07% of e.l.f. Beauty as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ELF. Wilmington Savings Fund Society FSB acquired a new position in e.l.f. Beauty in the 3rd quarter worth approximately $25,000. Planning Capital Management Corp increased its holdings in e.l.f. Beauty by 1,855.0% in the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company's stock worth $43,000 after buying an additional 371 shares during the period. nVerses Capital LLC acquired a new position in e.l.f. Beauty in the 3rd quarter worth approximately $44,000. Peterson Financial Group Inc. acquired a new position in e.l.f. Beauty in the 3rd quarter worth approximately $45,000. Finally, Financial Life Planners acquired a new position in e.l.f. Beauty in the 4th quarter worth approximately $46,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Price Performance

ELF stock traded up $3.65 during midday trading on Friday, reaching $74.76. The stock had a trading volume of 2,952,613 shares, compared to its average volume of 3,284,145. The company's fifty day simple moving average is $111.49 and its 200 day simple moving average is $121.74. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 44.23, a price-to-earnings-growth ratio of 6.95 and a beta of 1.47. e.l.f. Beauty, Inc. has a 52-week low of $63.50 and a 52-week high of $221.83.

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

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 890 shares of the firm's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the sale, the chief executive officer now directly owns 99,699 shares of the company's stock, valued at approximately $13,718,582.40. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maureen C. Watson sold 785 shares of the firm's 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock worth $297,442 in the last quarter. Company insiders own 3.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ELF shares. DA Davidson reiterated a "neutral" rating and issued a $80.00 price target on shares of e.l.f. Beauty in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of 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. Canaccord Genuity Group dropped their price objective on shares of e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Stifel Nicolaus dropped their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Monday, February 3rd. Finally, UBS Group reaffirmed a "neutral" rating and set a $74.00 price objective (down previously from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and an average price target of $132.94.

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.