Freedom Investment Management Inc. Has $810,000 Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Freedom Investment Management Inc. lessened its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 22.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,455 shares of the company’s stock after selling 1,829 shares during the period. Freedom Investment Management Inc.’s holdings in e.l.f. Beauty were worth $810,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nemes Rush Group LLC acquired a new stake in e.l.f. Beauty during the 4th quarter worth about $27,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of e.l.f. Beauty during the third quarter worth approximately $25,000. Promus Capital LLC purchased a new position in e.l.f. Beauty during the fourth quarter valued at approximately $31,000. Kestra Investment Management LLC acquired a new position in e.l.f. Beauty in the 4th quarter valued at approximately $32,000. Finally, Financial Life Planners purchased a new stake in e.l.f. Beauty in the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

NYSE:ELF opened at $52.60 on Friday. The company has a fifty day moving average price of $64.02 and a 200 day moving average price of $99.18. e.l.f. Beauty, Inc. has a one year low of $49.40 and a one year high of $219.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The stock has a market cap of $2.97 billion, a P/E ratio of 31.12, a PEG ratio of 6.76 and a beta of 1.41.

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 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%. Analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ELF shares. JPMorgan Chase & Co. dropped their price target on shares of e.l.f. Beauty from $127.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Stifel Nicolaus cut their price target on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. The Goldman Sachs Group dropped their price objective on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a report on Friday, February 21st. B. Riley reissued a “buy” rating and issued a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, DA Davidson reduced their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.82.

Insider Activity at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.50% of the stock is currently owned by corporate 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.