Zacks Investment Management Cuts Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Zacks Investment Management lowered its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,089 shares of the company's stock after selling 17,279 shares during the period. Zacks Investment Management owned approximately 0.17% of e.l.f. Beauty worth $11,938,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings in e.l.f. Beauty by 149.8% in the 4th quarter. Principal Financial Group Inc. now owns 328,557 shares of the company's stock worth $41,250,000 after buying an additional 197,028 shares during the period. Global Retirement Partners LLC boosted its holdings in e.l.f. Beauty by 441.0% in the fourth quarter. Global Retirement Partners LLC now owns 8,283 shares of the company's stock valued at $1,040,000 after acquiring an additional 6,752 shares in the last quarter. Robbins Farley increased its position in e.l.f. Beauty by 27.1% during the 4th quarter. Robbins Farley now owns 34,396 shares of the company's stock valued at $4,318,000 after purchasing an additional 7,335 shares during the period. Pacer Advisors Inc. lifted its position in shares of e.l.f. Beauty by 43.4% in the 4th quarter. Pacer Advisors Inc. now owns 11,802 shares of the company's stock worth $1,482,000 after purchasing an additional 3,572 shares during the period. Finally, Ibex Wealth Advisors purchased a new position in shares of e.l.f. Beauty during the fourth quarter valued at about $5,519,000. Institutional investors own 92.44% of the company's stock.

Insider Buying and Selling

In other news, Director Maureen C. Watson sold 4,000 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the transaction, the director now owns 1,888 shares of the company's stock, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is owned by insiders.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded down $0.48 during midday trading on Tuesday, hitting $52.99. The stock had a trading volume of 559,652 shares, compared to its average volume of 2,337,404. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 52-week low of $49.40 and a 52-week high of $219.77. The company has a market capitalization of $2.99 billion, a PE ratio of 31.43, a P/E/G ratio of 6.76 and a beta of 1.41. The firm's fifty day moving average is $63.59 and its two-hundred day moving average is $98.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate 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%. On average, research analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Morgan Stanley restated an "equal weight" rating and set a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. JPMorgan Chase & Co. lowered their price target on shares of e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. DA Davidson lowered their target price on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a report on Monday, March 17th. The Goldman Sachs Group cut their price target on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, Raymond James dropped their target price on e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating on the stock in a report on Thursday, April 17th. Five equities research 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $121.82.

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.