Tidal Investments LLC Lowers Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Tidal Investments LLC lowered its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 43.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,987 shares of the company's stock after selling 6,787 shares during the period. Tidal Investments LLC's holdings in e.l.f. Beauty were worth $980,000 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. Wilmington Savings Fund Society FSB bought a new position in shares of e.l.f. Beauty during the 3rd quarter valued at about $25,000. Ashton Thomas Private Wealth LLC purchased a new position in e.l.f. Beauty during the 2nd quarter valued at approximately $26,000. Innealta Capital LLC purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter worth approximately $30,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of e.l.f. Beauty by 405.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company's stock valued at $36,000 after purchasing an additional 138 shares in the last quarter. Finally, Crewe Advisors LLC raised its stake in e.l.f. Beauty by 456.3% during the second quarter. Crewe Advisors LLC now owns 178 shares of the company's stock valued at $38,000 after purchasing an additional 146 shares in the last quarter. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Stock Down 0.3 %

ELF stock traded down $0.43 during trading on Friday, reaching $128.66. 2,115,542 shares of the company traded hands, compared to its average volume of 1,952,228. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 69.55, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49. 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 has a 50 day simple moving average of $121.23 and a 200 day simple moving average of $147.74. 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 announced its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.34. The company had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. e.l.f. Beauty's revenue was up 39.7% compared to the same quarter last year. During the same period last year, the firm earned $0.66 earnings per share. On average, equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

Insider Activity at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 785 shares of the business's 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 completion of the transaction, the director now owns 1,888 shares of the company's stock, valued at $245,440. The trade was a 29.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Tarang Amin sold 890 shares of the firm's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the sale, the chief executive officer now directly owns 99,699 shares in the company, valued at approximately $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock valued at $297,442 in the last three months. 3.50% of the stock is owned by insiders.

Analysts Set New Price Targets

ELF has been the topic of a number of research reports. Robert W. Baird reduced their target price 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 lowered their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Bank of America cut their target price on e.l.f. Beauty from $190.00 to $165.00 and set a "buy" rating on the stock in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They set a "hold" rating and a $133.00 price objective for the company. Finally, The Goldman Sachs Group started coverage on shares of e.l.f. Beauty in a report on Friday, December 13th. They issued a "buy" rating and a $165.00 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $171.82.

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.