Algert Global LLC Reduces Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Algert Global LLC lowered its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 58.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,844 shares of the company’s stock after selling 19,535 shares during the quarter. Algert Global LLC’s holdings in e.l.f. Beauty were worth $1,738,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in shares of e.l.f. Beauty by 149.8% during the fourth quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock worth $41,250,000 after purchasing an additional 197,028 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in e.l.f. Beauty by 441.0% during the 4th quarter. Global Retirement Partners LLC now owns 8,283 shares of the company’s stock valued at $1,040,000 after buying an additional 6,752 shares in the last quarter. Robbins Farley boosted its position in e.l.f. Beauty by 27.1% in the 4th quarter. Robbins Farley now owns 34,396 shares of the company’s stock valued at $4,318,000 after buying an additional 7,335 shares during the period. Pacer Advisors Inc. grew its stake in 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 acquiring an additional 3,572 shares in the last quarter. Finally, Ibex Wealth Advisors bought a new stake in shares of e.l.f. Beauty during the fourth quarter valued at approximately $5,519,000. Institutional investors own 92.44% of the company’s stock.

Insiders Place Their Bets

In other news, insider Kory Marchisotto sold 51,350 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 $2,740,036.00. Following the completion of the transaction, the insider now directly owns 152,492 shares in the company, valued at $8,136,973.12. This trade represents a 25.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tarang Amin sold 97,915 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $5,224,744.40. Following the completion of the sale, the chief executive officer now owns 181,289 shares in the company, valued at approximately $9,673,581.04. This represents a 35.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 204,618 shares of company stock valued at $10,974,536. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Trading Down 1.2 %

e.l.f. Beauty stock opened at $67.07 on Friday. 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 stock has a market cap of $3.78 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. The stock has a 50-day moving average of $61.35 and a two-hundred day moving average of $94.60. e.l.f. Beauty, Inc. has a one year low of $49.40 and a one year high of $219.77.

e.l.f. Beauty (NYSE:ELF) last released 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 return on equity of 16.88% and a net margin of 7.55%. On average, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ELF shares. Stifel Nicolaus dropped their price objective on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Piper Sandler cut their price target on e.l.f. Beauty from $90.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. UBS Group lowered their price objective on shares of e.l.f. Beauty from $74.00 to $59.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group cut their target price on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, DA Davidson lowered their price target on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Five research 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $116.88.

e.l.f. Beauty Company 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.