e.l.f. Beauty, Inc. (NYSE:ELF) Stock Position Lowered by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC decreased its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 23.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 764 shares of the company’s stock after selling 237 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in e.l.f. Beauty were worth $96,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of e.l.f. Beauty in the third quarter worth $25,000. Planning Capital Management Corp raised its stake in shares of e.l.f. Beauty by 1,855.0% in the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after acquiring an additional 371 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of e.l.f. Beauty in the third quarter worth $44,000. Peterson Financial Group Inc. bought a new stake in e.l.f. Beauty during the third quarter valued at about $45,000. Finally, Blue Trust Inc. grew its holdings in e.l.f. Beauty by 2,357.1% in the 3rd quarter. Blue Trust Inc. now owns 516 shares of the company’s stock valued at $56,000 after buying an additional 495 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $93.41 on Tuesday. e.l.f. Beauty, Inc. has a one year low of $92.20 and a one year high of $221.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The business’s 50 day simple moving average is $126.69 and its 200 day simple moving average is $130.36. The stock has a market capitalization of $5.26 billion, a PE ratio of 50.49, a PEG ratio of 1.74 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. The firm had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 EPS. As a group, research analysts forecast 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 company’s stock in a transaction dated Friday, November 29th. The shares were 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 directly owns 1,888 shares of the company’s stock, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction 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 sale, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

ELF has been the topic of several research analyst reports. Bank of America decreased their price target on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Canaccord Genuity Group dropped their price objective on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft started coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price objective for the company. Finally, Robert W. Baird reduced their target price on shares of 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 analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average price target of $168.47.

e.l.f. Beauty 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.