Brooklyn FI LLC Acquires Shares of 3,359 e.l.f. Beauty, Inc. (NYSE:ELF)

Brooklyn FI LLC acquired a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,359 shares of the company’s stock, valued at approximately $422,000.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its stake in shares of e.l.f. Beauty by 3.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock worth $361,000 after buying an additional 91 shares during the last quarter. Truist Financial Corp grew its stake in shares of e.l.f. Beauty by 1.3% during the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock worth $990,000 after buying an additional 102 shares during the last quarter. Arizona State Retirement System grew its stake in shares of e.l.f. Beauty by 0.8% during the fourth quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock worth $2,055,000 after buying an additional 128 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of e.l.f. Beauty by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company’s stock worth $2,967,000 after buying an additional 140 shares during the last quarter. Finally, 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. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $84.29 on Tuesday. The firm’s 50-day moving average price is $64.21 and its 200-day moving average price is $92.17. e.l.f. Beauty, Inc. has a 1-year low of $49.40 and a 1-year high of $219.77. The firm has a market capitalization of $4.75 billion, a P/E ratio of 49.88, a P/E/G ratio of 6.76 and a beta of 1.31. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20.

Insider Activity

In related news, Director Maureen C. Watson sold 4,000 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the sale, the director now owns 1,888 shares in the company, valued at $127,232.32. This represents a 67.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tarang Amin sold 97,915 shares of the company’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction 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 $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 90 days, insiders have sold 204,618 shares of company stock worth $10,974,536. Company insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

ELF has been the topic of a number of research reports. Raymond James reaffirmed a “strong-buy” rating on shares of e.l.f. Beauty in a research note on Thursday. Truist Financial reduced their price objective on shares of e.l.f. Beauty from $100.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. UBS Group boosted their price objective on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 21st. Morgan Stanley reissued an “equal weight” rating and issued a $70.00 price objective (down previously from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, B. Riley reissued a “buy” rating and issued 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 equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $110.41.

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.