Kestra Investment Management LLC Acquires New Shares in e.l.f. Beauty, Inc. (NYSE:ELF)

Kestra Investment Management LLC bought a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the 4th quarter, HoldingsChannel.com reports. The fund bought 257 shares of the company’s stock, valued at approximately $32,000.

Other institutional investors have also recently bought and sold shares of the company. Peregrine Capital Management LLC grew its holdings in shares of e.l.f. Beauty by 0.7% during the 4th quarter. Peregrine Capital Management LLC now owns 59,917 shares of the company’s stock valued at $7,523,000 after purchasing an additional 430 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in shares of e.l.f. Beauty by 7.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock worth $262,000 after buying an additional 150 shares during the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in shares of e.l.f. Beauty during the fourth quarter worth $5,135,000. Venturi Wealth Management LLC bought a new position in shares of e.l.f. Beauty in the 4th quarter valued at $285,000. Finally, Truist Financial Corp boosted its holdings in shares of e.l.f. Beauty by 1.3% during the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock valued at $990,000 after acquiring an additional 102 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ELF. Deutsche Bank Aktiengesellschaft assumed coverage on e.l.f. Beauty in a report on Thursday, December 12th. They issued a “hold” rating and a $133.00 target price for the company. Raymond James lowered their price objective on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research note on Friday, February 7th. Jefferies Financial Group cut their target price on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Morgan Stanley restated an “equal weight” rating and issued a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, Piper Sandler dropped their price target on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $132.94.

e.l.f. Beauty Stock Performance

ELF stock opened at $74.76 on Friday. The firm has a market cap of $4.22 billion, a PE ratio of 44.23, a price-to-earnings-growth ratio of 6.76 and a beta of 1.47. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $110.17 and a 200-day moving average price of $121.04. e.l.f. Beauty, Inc. has a 1-year low of $63.50 and a 1-year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its 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 16.88% and a net margin of 7.55%. As a group, equities research analysts expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Insider Activity

In other news, 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 completion of the sale, the chief executive officer now directly owns 99,699 shares in the company, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Scott Milsten sold 530 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares of the company’s stock, valued at $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock worth $297,442 in the last quarter. 3.50% of the stock is owned by corporate insiders.

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.