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

Pier Capital LLC lowered its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 57.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,331 shares of the company's stock after selling 28,871 shares during the period. Pier Capital LLC's holdings in e.l.f. Beauty were worth $2,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Picton Mahoney Asset Management boosted its position in e.l.f. Beauty by 3.2% in the 2nd quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company's stock valued at $512,000 after buying an additional 75 shares during the period. Hanseatic Management Services Inc. boosted its holdings in shares of e.l.f. Beauty by 1.7% in the second quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company's stock valued at $950,000 after purchasing an additional 77 shares during the period. Portside Wealth Group LLC grew its stake in e.l.f. Beauty by 3.2% in the second quarter. Portside Wealth Group LLC now owns 2,982 shares of the company's stock worth $628,000 after purchasing an additional 93 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in e.l.f. Beauty by 2.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 4,777 shares of the company's stock worth $1,007,000 after purchasing an additional 99 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in e.l.f. Beauty during the 2nd quarter valued at $26,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

Insider Buying and Selling at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 785 shares of the company's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the sale, the director now owns 1,888 shares of the company's stock, valued at $245,440. This represents a 29.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ELF. Robert W. Baird cut their price objective on shares of e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating on the stock in a report on Monday, October 21st. Jefferies Financial Group cut their price target on e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Bank of America decreased their price objective on 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 reiterated an "overweight" rating and issued a $165.00 target price (up previously from $162.00) on shares of e.l.f. Beauty in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. decreased their price target on shares of e.l.f. Beauty from $167.00 to $154.00 and set an "overweight" rating for the company in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $173.53.

e.l.f. Beauty Stock Performance

NYSE:ELF traded up $8.37 during trading hours on Friday, reaching $139.60. The company had a trading volume of 2,648,336 shares, compared to its average volume of 3,198,737. The firm has a market cap of $7.86 billion, a PE ratio of 75.46, a price-to-earnings-growth ratio of 2.99 and a beta of 1.49. e.l.f. Beauty, Inc. has a 1-year low of $98.50 and a 1-year high of $221.83. The business's 50 day moving average price is $115.83 and its 200-day moving average price is $150.48. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01.

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

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.