Beck Bode LLC Sells 246 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Beck Bode LLC decreased its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,443 shares of the company’s stock after selling 246 shares during the period. Beck Bode LLC’s holdings in e.l.f. Beauty were worth $558,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ELF. Principal Financial Group Inc. boosted its holdings in shares of e.l.f. Beauty by 149.8% during 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 in the last quarter. Global Retirement Partners LLC boosted its stake in e.l.f. Beauty by 441.0% during the fourth quarter. Global Retirement Partners LLC now owns 8,283 shares of the company’s stock worth $1,040,000 after acquiring an additional 6,752 shares in the last quarter. Robbins Farley grew its holdings in e.l.f. Beauty by 27.1% in the fourth quarter. Robbins Farley now owns 34,396 shares of the company’s stock worth $4,318,000 after purchasing an additional 7,335 shares during the period. Pacer Advisors Inc. increased its stake in e.l.f. Beauty by 43.4% in the fourth quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock valued at $1,482,000 after purchasing an additional 3,572 shares in the last quarter. Finally, Ibex Wealth Advisors acquired a new position in shares of e.l.f. Beauty during the fourth quarter valued at about $5,519,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Stock Up 9.6 %

ELF opened at $68.24 on Friday. e.l.f. Beauty, Inc. has a twelve month low of $49.40 and a twelve month high of $219.77. The company’s 50-day moving average price is $61.40 and its two-hundred day moving average price is $95.93. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 40.38, a PEG ratio of 6.76 and a beta of 1.31. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate 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%. As a group, equities analysts expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Insider Activity

In other e.l.f. Beauty news, CEO Tarang Amin sold 97,915 shares of the firm’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $5,224,744.40. Following the completion of the transaction, the chief executive officer now owns 181,289 shares in the company, valued at $9,673,581.04. This trade represents a 35.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joshua Allen Franks sold 51,353 shares of e.l.f. Beauty stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $2,740,196.08. Following the transaction, the senior vice president now directly owns 114,660 shares of the company’s stock, valued at $6,118,257.60. The trade was a 30.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 204,618 shares of company stock valued at $10,974,536 over the last quarter. Company insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $70.00 target price (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. B. Riley reaffirmed a “buy” rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. The Goldman Sachs Group decreased their price target on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Stifel Nicolaus lowered their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of e.l.f. Beauty from $127.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus target price of $116.88.

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.