Oak Thistle LLC Trims Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Oak Thistle LLC lowered its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 45.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,551 shares of the company's stock after selling 2,152 shares during the quarter. Oak Thistle LLC's holdings in e.l.f. Beauty were worth $320,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in shares of e.l.f. Beauty by 61.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 149,702 shares of the company's stock valued at $31,545,000 after buying an additional 57,039 shares in the last quarter. Moors & Cabot Inc. purchased a new stake in e.l.f. Beauty in the second quarter worth about $240,000. Edgestream Partners L.P. bought a new position in shares of e.l.f. Beauty during the second quarter valued at approximately $214,000. Blair William & Co. IL lifted its holdings in shares of e.l.f. Beauty by 1.7% during the second quarter. Blair William & Co. IL now owns 20,518 shares of the company's stock valued at $4,324,000 after purchasing an additional 334 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in e.l.f. Beauty by 263.2% during the 2nd quarter. Hsbc Holdings PLC now owns 7,405 shares of the company's stock valued at $1,559,000 after buying an additional 5,366 shares in the last quarter. Institutional investors own 92.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Bank of America reduced their price objective on shares of e.l.f. Beauty from $190.00 to $165.00 and set a "buy" rating for the company in a research note on Tuesday, October 15th. Piper Sandler lifted their price objective on e.l.f. Beauty from $165.00 to $167.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Canaccord Genuity Group dropped their price target on shares of e.l.f. Beauty from $250.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group decreased their price objective on shares of e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on e.l.f. Beauty in a research note on Thursday, December 12th. They issued a "hold" rating and a $133.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $169.06.

Insider Transactions at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty 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 in the company, valued at approximately $245,440. The trade was a 29.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Scott Milsten sold 530 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the transaction, the insider now directly owns 68,853 shares of the company's stock, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock valued at $297,442 in the last three months. 3.50% of the stock is currently owned by company insiders.

e.l.f. Beauty Stock Down 5.0 %

e.l.f. Beauty stock traded down $6.74 during midday trading on Friday, hitting $127.17. 1,966,609 shares of the company's stock were exchanged, compared to its average volume of 976,643. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The company has a market cap of $7.16 billion, a PE ratio of 68.74, a P/E/G ratio of 2.17 and a beta of 1.50. The firm has a 50-day moving average of $129.27 and a two-hundred day moving average of $137.41. e.l.f. Beauty, Inc. has a 12 month low of $98.50 and a 12 month high of $221.83.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.34. The company had revenue of $301.10 million during the quarter, compared to analysts' expectations of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The firm's revenue was up 39.7% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. As a group, analysts expect that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

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.