e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by LPL Financial LLC

LPL Financial LLC decreased its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 17.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,618 shares of the company's stock after selling 13,236 shares during the period. LPL Financial LLC owned approximately 0.11% of e.l.f. Beauty worth $8,113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of e.l.f. Beauty during the 3rd quarter worth approximately $25,000. Promus Capital LLC purchased a new stake in e.l.f. Beauty in the fourth quarter worth $31,000. Kestra Investment Management LLC bought a new stake in shares of e.l.f. Beauty during the fourth quarter worth $32,000. Financial Life Planners purchased a new stake in shares of e.l.f. Beauty during the fourth quarter valued at $46,000. Finally, New Wave Wealth Advisors LLC bought a new position in shares of e.l.f. Beauty in the fourth quarter worth about $65,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the sale, the director now owns 1,888 shares in the company, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ELF shares. Canaccord Genuity Group lowered their price objective on shares of e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Raymond James lowered their price target on e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating for the company in a report on Friday, February 7th. DA Davidson reduced their price objective on 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 reaffirmed a "buy" rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, Piper Sandler dropped their price target on e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $130.24.

e.l.f. Beauty Stock Down 3.7 %

Shares of ELF traded down $2.07 during mid-day trading on Thursday, hitting $53.67. 3,277,174 shares of the company traded hands, compared to its average volume of 2,324,844. The company has a market capitalization of $3.03 billion, a PE ratio of 31.76, a price-to-earnings-growth 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 $67.45 and a 200 day moving average of $101.54. e.l.f. Beauty, Inc. has a 1-year low of $49.90 and a 1-year high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) 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%. Equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

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.