SG Americas Securities LLC Sells 5,034 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

SG Americas Securities LLC lessened its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 84.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 912 shares of the company's stock after selling 5,034 shares during the quarter. SG Americas Securities LLC's holdings in e.l.f. Beauty were worth $115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its position in e.l.f. Beauty by 3.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company's stock worth $361,000 after purchasing an additional 91 shares during the last quarter. Cetera Trust Company N.A boosted its position in shares of e.l.f. Beauty by 14.4% during the 3rd quarter. Cetera Trust Company N.A now owns 1,030 shares of the company's stock valued at $112,000 after acquiring an additional 130 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of e.l.f. Beauty by 6.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,609 shares of the company's stock valued at $284,000 after acquiring an additional 159 shares in the last quarter. Independent Advisor Alliance boosted its position in shares of e.l.f. Beauty by 7.5% during the 3rd quarter. Independent Advisor Alliance now owns 2,983 shares of the company's stock valued at $325,000 after acquiring an additional 207 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of e.l.f. Beauty by 64.1% during the 4th quarter. UMB Bank n.a. now owns 540 shares of the company's stock valued at $68,000 after acquiring an additional 211 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. B. Riley reiterated 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. The Goldman Sachs Group decreased their target price on shares of e.l.f. Beauty from $165.00 to $142.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Raymond James decreased their target price on shares of e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating on the stock in a research report on Friday, February 7th. Morgan Stanley reissued an "equal weight" rating and set a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Finally, Robert W. Baird cut their price target on shares of e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating for the company in a report on Monday, October 21st. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and an average price target of $134.00.

e.l.f. Beauty Price Performance

Shares of NYSE ELF traded down $1.98 during trading on Friday, reaching $72.97. The company had a trading volume of 3,049,882 shares, compared to its average volume of 2,417,069. e.l.f. Beauty, Inc. has a 52 week low of $63.50 and a 52 week high of $221.83. The stock has a market cap of $4.11 billion, a PE ratio of 43.18, a PEG ratio of 1.54 and a beta of 1.47. 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 business's 50 day moving average price is $116.66 and its 200-day moving average price is $124.10.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 17.35% and a net margin of 7.55%. Analysts expect that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Tarang Amin sold 890 shares of the business's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maureen C. Watson sold 785 shares of the business's stock in a transaction that occurred 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 transaction, the director now owns 1,888 shares of the company's stock, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock valued at $297,442 over the last ninety days. Insiders own 3.50% of the company's stock.

e.l.f. Beauty Company 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.