Oppenheimer Asset Management Inc. Decreases Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Oppenheimer Asset Management Inc. lowered its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,224 shares of the company's stock after selling 4,205 shares during the period. Oppenheimer Asset Management Inc. owned 0.06% of e.l.f. Beauty worth $4,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale raised its stake in e.l.f. Beauty by 81.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 6,290 shares of the company's stock valued at $697,000 after purchasing an additional 2,826 shares in the last quarter. State of Alaska Department of Revenue raised its stake in e.l.f. Beauty by 156.8% during the third quarter. State of Alaska Department of Revenue now owns 15,460 shares of the company's stock valued at $1,685,000 after purchasing an additional 9,440 shares in the last quarter. Farther Finance Advisors LLC raised its stake in e.l.f. Beauty by 26.9% during the third quarter. Farther Finance Advisors LLC now owns 2,664 shares of the company's stock valued at $291,000 after purchasing an additional 564 shares in the last quarter. Silvant Capital Management LLC raised its stake in e.l.f. Beauty by 68.0% during the third quarter. Silvant Capital Management LLC now owns 7,997 shares of the company's stock valued at $872,000 after purchasing an additional 3,236 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new stake in e.l.f. Beauty during the third quarter valued at $1,526,000. Institutional investors own 92.44% of the company's stock.

Analysts Set New Price Targets

ELF has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price target on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Truist Financial upped their price target on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft started coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They set a "hold" rating and a $133.00 price objective on the stock. DA Davidson reiterated a "neutral" rating and set a $80.00 price objective on shares of e.l.f. Beauty in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group cut their price objective on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $132.94.

Insiders Place Their Bets

In other e.l.f. Beauty news, insider Scott Milsten sold 530 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the transaction, the insider now directly owns 68,853 shares in the company, valued at $9,474,172.80. This represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tarang Amin sold 890 shares of the 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 transaction, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Trading Down 9.2 %

Shares of NYSE ELF traded down $6.46 during mid-day trading on Monday, reaching $63.79. The company had a trading volume of 3,051,509 shares, compared to its average volume of 3,151,022. The business's 50-day moving average is $102.87 and its 200-day moving average is $116.52. 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 stock has a market cap of $3.60 billion, a price-to-earnings ratio of 37.75, a price-to-earnings-growth ratio of 6.76 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 analysts' consensus estimates 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%. Equities analysts expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share 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.