Quadrant Capital Group LLC Decreases Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Quadrant Capital Group LLC reduced its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 9.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,976 shares of the company’s stock after selling 201 shares during the period. Quadrant Capital Group LLC’s holdings in e.l.f. Beauty were worth $248,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ELF. Wilmington Savings Fund Society FSB purchased a new position in shares of e.l.f. Beauty in the third quarter valued at $25,000. Nemes Rush Group LLC purchased a new position in e.l.f. Beauty during the 4th quarter valued at about $27,000. Promus Capital LLC acquired a new position in e.l.f. Beauty during the fourth quarter worth about $31,000. Kestra Investment Management LLC acquired a new stake in shares of e.l.f. Beauty in the fourth quarter valued at approximately $32,000. Finally, Financial Life Planners purchased a new position in shares of e.l.f. Beauty during the 4th quarter worth approximately $46,000. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Down 5.3 %

ELF opened at $51.02 on Wednesday. e.l.f. Beauty, Inc. has a 1 year low of $49.90 and a 1 year high of $219.77. The firm has a 50 day moving average price of $70.17 and a 200 day moving average price of $102.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The company has a market cap of $2.88 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. Sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Insider Activity

In related news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction on Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the sale, the director now owns 1,888 shares of the company’s stock, valued at $127,232.32. The trade was a 67.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

ELF has been the topic of a number of analyst reports. UBS Group reiterated a “neutral” rating and set a $74.00 target price (down previously from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. JPMorgan Chase & Co. lifted their price objective on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. DA Davidson reduced their target price on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Piper Sandler lowered their price target on shares of e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, March 31st. Finally, B. Riley reissued a “buy” rating and set a $90.00 price objective (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $130.24.

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.