e.l.f. Beauty, Inc. (NYSE:ELF) Stake Raised by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in e.l.f. Beauty, Inc. (NYSE:ELFFree Report) by 130.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 861 shares of the company’s stock after acquiring an additional 488 shares during the period. GAMMA Investing LLC’s holdings in e.l.f. Beauty were worth $108,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ELF. Private Advisor Group LLC lifted its stake in e.l.f. Beauty by 133.7% in the 2nd quarter. Private Advisor Group LLC now owns 4,976 shares of the company’s stock worth $1,049,000 after acquiring an additional 2,847 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in e.l.f. Beauty in the 2nd quarter worth about $26,000. Wedbush Securities Inc. lifted its stake in e.l.f. Beauty by 63.3% in the 2nd quarter. Wedbush Securities Inc. now owns 1,803 shares of the company’s stock worth $380,000 after acquiring an additional 699 shares in the last quarter. Choreo LLC purchased a new stake in e.l.f. Beauty in the 2nd quarter worth about $560,000. Finally, Daiwa Securities Group Inc. lifted its stake in e.l.f. Beauty by 114.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,375 shares of the company’s stock worth $500,000 after acquiring an additional 1,270 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $125.48 on Friday. The business has a 50 day moving average price of $127.21 and a 200 day moving average price of $140.13. e.l.f. Beauty, Inc. has a twelve month low of $98.50 and a twelve month high of $221.83. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 67.83, a PEG ratio of 3.08 and a beta of 1.49. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELFGet Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The firm had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. During the same quarter in the prior year, the company earned $0.66 EPS. The firm’s revenue for the quarter was up 39.7% compared to the same quarter last year. Research analysts predict that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now owns 1,888 shares in the company, valued at approximately $245,440. This trade represents a 29.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 890 shares of the firm’s stock in a transaction that occurred on 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 owns 99,699 shares of the company’s stock, valued at $13,718,582.40. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock worth $297,442 in the last 90 days. 3.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Morgan Stanley dropped their target price on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Monday, September 30th. Stifel Nicolaus dropped their target price on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. Jefferies Financial Group dropped their target price on 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. DA Davidson reaffirmed a “buy” rating and issued a $170.00 target price on shares of e.l.f. Beauty in a research report on Thursday, December 19th. Finally, Robert W. Baird dropped their target price on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $171.94.

Read Our Latest Stock Analysis on e.l.f. Beauty

About e.l.f. Beauty

(Free Report)

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.

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Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

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