Global Retirement Partners LLC Purchases 6,752 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Global Retirement Partners LLC raised its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 441.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,283 shares of the company’s stock after purchasing an additional 6,752 shares during the period. Global Retirement Partners LLC’s holdings in e.l.f. Beauty were worth $1,040,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of e.l.f. Beauty in the 3rd quarter valued at $25,000. Kestra Investment Management LLC bought a new position in e.l.f. Beauty during the fourth quarter worth about $32,000. Planning Capital Management Corp grew its stake in e.l.f. Beauty by 1,855.0% in the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after acquiring an additional 371 shares during the period. Peterson Financial Group Inc. bought a new stake in shares of e.l.f. Beauty in the third quarter worth about $45,000. Finally, Financial Life Planners acquired a new stake in shares of e.l.f. Beauty during the fourth quarter worth about $46,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Canaccord Genuity Group decreased their price objective on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They set a “hold” rating and a $133.00 price objective for the company. B. Riley reaffirmed a “buy” rating and issued a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. The Goldman Sachs Group lowered their target price on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a report on Friday. Finally, DA Davidson restated a “neutral” rating and issued a $80.00 price target on shares of e.l.f. Beauty in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $132.94.

e.l.f. Beauty Trading Up 5.1 %

Shares of e.l.f. Beauty stock opened at $74.76 on Friday. e.l.f. Beauty, Inc. has a 12-month low of $63.50 and a 12-month high of $221.83. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $111.49 and its 200-day moving average is $121.74. The stock has a market cap of $4.22 billion, a P/E ratio of 44.23, a P/E/G ratio of 6.95 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly 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 net margin of 7.55% and a return on equity of 16.88%. Equities research analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other e.l.f. Beauty news, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now owns 68,853 shares of the company’s stock, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the transaction, the director now owns 1,888 shares in the company, valued at approximately $245,440. This represents a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock valued at $297,442 over the last 90 days. 3.50% of the stock is currently owned by insiders.

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.