e.l.f. Beauty, Inc. (NYSE:ELF) Stock Position Lowered by Wealth High Governance Capital Ltda

Wealth High Governance Capital Ltda lessened its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 53.3% during the 4th quarter, Holdings Channel reports. The firm owned 74,684 shares of the company’s stock after selling 85,316 shares during the quarter. e.l.f. Beauty comprises 3.4% of Wealth High Governance Capital Ltda’s investment portfolio, making the stock its 10th biggest holding. Wealth High Governance Capital Ltda’s holdings in e.l.f. Beauty were worth $9,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in e.l.f. Beauty during the third quarter worth approximately $25,000. Promus Capital LLC acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at $31,000. Kestra Investment Management LLC acquired a new stake in shares of e.l.f. Beauty during the 4th quarter worth $32,000. Planning Capital Management Corp boosted its holdings 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 last quarter. Finally, Peterson Financial Group Inc. acquired a new position in shares of e.l.f. Beauty in the 3rd quarter valued at about $45,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ELF has been the topic of several research reports. Piper Sandler cut their price target on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. UBS Group reiterated a “neutral” rating and issued a $74.00 target price (down previously from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Morgan Stanley restated an “equal weight” rating and issued a $70.00 price target (down previously from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Truist Financial lifted their price objective on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Raymond James lowered their price target on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a report on Friday, February 7th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $132.94.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $69.58 on Wednesday. The business has a 50 day simple moving average of $95.51 and a 200-day simple moving average of $112.40. e.l.f. Beauty, Inc. has a twelve month low of $61.90 and a twelve month high of $219.77. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 41.17, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate 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%. As a group, equities research analysts expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Maureen C. Watson sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $127,232.32. This represents a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is owned by company insiders.

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.