Cynosure Group LLC Lowers Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Cynosure Group LLC reduced its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 53.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,456 shares of the company’s stock after selling 5,207 shares during the period. Cynosure Group LLC’s holdings in e.l.f. Beauty were worth $559,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its position 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 valued at $361,000 after acquiring an additional 91 shares in the last quarter. Truist Financial Corp boosted its stake in e.l.f. Beauty by 1.3% during the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock valued at $990,000 after purchasing an additional 102 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of e.l.f. Beauty by 0.8% in the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock worth $2,055,000 after purchasing an additional 128 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in shares of e.l.f. Beauty by 7.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock worth $262,000 after purchasing an additional 150 shares during the last quarter. Finally, Horizon Investments LLC lifted its holdings in shares of e.l.f. Beauty by 29.0% during the fourth quarter. Horizon Investments LLC now owns 742 shares of the company’s stock valued at $93,000 after purchasing an additional 167 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Trading Up 5.8 %

Shares of NYSE:ELF opened at $67.99 on Thursday. e.l.f. Beauty, Inc. has a 12-month low of $60.35 and a 12-month high of $219.77. The company has a market cap of $3.83 billion, a PE ratio of 40.23, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. The stock has a 50 day moving average of $75.77 and a 200 day moving average of $104.77. 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 announced its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. As a group, equities research analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Insider Buying and Selling at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction dated 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 sale, the director now owns 1,888 shares in the company, valued at approximately $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ELF shares. Stifel Nicolaus reduced their price objective on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a report on Monday, February 3rd. B. Riley reiterated a “buy” rating and issued a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Piper Sandler lowered their price objective on shares of e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday. DA Davidson dropped their target price on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on e.l.f. Beauty in a research note on Thursday, December 12th. They issued a “hold” rating and a $133.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.24.

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.