Cwm LLC Sells 130 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Cwm LLC trimmed its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 17.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 636 shares of the company’s stock after selling 130 shares during the quarter. Cwm LLC’s holdings in e.l.f. Beauty were worth $92,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ELF. Armstrong Advisory Group Inc. raised its holdings in shares of e.l.f. Beauty by 390.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock worth $29,000 after buying an additional 160 shares in the last quarter. GPS Wealth Strategies Group LLC grew its position in e.l.f. Beauty by 66.4% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock valued at $35,000 after acquiring an additional 97 shares during the last quarter. Avior Wealth Management LLC raised its stake in e.l.f. Beauty by 3,600.0% during the fourth quarter. Avior Wealth Management LLC now owns 370 shares of the company’s stock worth $53,000 after acquiring an additional 360 shares in the last quarter. Rakuten Securities Inc. bought a new position in shares of e.l.f. Beauty in the fourth quarter worth about $56,000. Finally, M&R Capital Management Inc. acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at approximately $69,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Trading Down 0.7 %

ELF opened at $163.60 on Wednesday. e.l.f. Beauty, Inc. has a twelve month low of $83.80 and a twelve month high of $221.83. The company has a fifty day moving average of $183.66 and a 200-day moving average of $155.11. The stock has a market cap of $9.08 billion, a PE ratio of 72.39, a price-to-earnings-growth ratio of 1.50 and a beta of 1.60. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. The firm had revenue of $270.94 million during the quarter, compared to the consensus estimate of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. On average, sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the completion of the sale, the chief executive officer now directly owns 10,889 shares in the company, valued at $2,165,713.21. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Tarang Amin sold 23,519 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the transaction, the chief executive officer now owns 10,889 shares in the company, valued at $2,165,713.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joshua Allen Franks sold 727 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $165.16, for a total value of $120,071.32. Following the completion of the sale, the senior vice president now owns 83,736 shares of the company’s stock, valued at $13,829,837.76. The disclosure for this sale can be found here. Insiders have sold a total of 178,081 shares of company stock worth $30,457,064 in the last 90 days. Corporate insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

ELF has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. TD Cowen upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $220.00 to $190.00 in a research report on Wednesday, April 17th. Robert W. Baird assumed coverage on e.l.f. Beauty in a research report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 target price for the company. StockNews.com cut e.l.f. Beauty from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Finally, Truist Financial raised their price objective on shares of e.l.f. Beauty from $150.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.33.

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.