Tower Research Capital LLC TRC Sells 2,521 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Tower Research Capital LLC TRC lessened its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 38.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,110 shares of the company’s stock after selling 2,521 shares during the quarter. Tower Research Capital LLC TRC’s holdings in e.l.f. Beauty were worth $516,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of e.l.f. Beauty in the third quarter valued at approximately $25,000. Nemes Rush Group LLC bought a new position in e.l.f. Beauty during the fourth quarter worth $27,000. Promus Capital LLC bought a new position in e.l.f. Beauty during the fourth quarter worth $31,000. Kestra Investment Management LLC bought a new position in e.l.f. Beauty during the fourth quarter worth $32,000. Finally, Financial Life Planners bought a new position in e.l.f. Beauty during the fourth quarter worth $46,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of e.l.f. Beauty from $127.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Morgan Stanley reissued an “equal weight” rating and issued a $70.00 target price (down previously from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Piper Sandler reduced their target price on shares of e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, March 31st. B. Riley reissued a “buy” rating and issued a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, Canaccord Genuity Group reduced their target price on shares of 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. Five investment 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.41.

e.l.f. Beauty Trading Up 1.3 %

Shares of NYSE ELF opened at $61.94 on Tuesday. The stock has a market cap of $3.49 billion, a P/E ratio of 36.65, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. The firm has a 50 day moving average price of $62.19 and a two-hundred day moving average price of $97.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. e.l.f. Beauty, Inc. has a 52-week low of $49.40 and a 52-week high of $219.77.

e.l.f. Beauty (NYSE:ELF) last issued 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 return on equity of 16.88% and a net margin of 7.55%. As a group, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the transaction, the director now owns 1,888 shares in the company, valued at $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tarang Amin sold 97,915 shares of the business’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $5,224,744.40. Following the completion of the transaction, the chief executive officer now owns 181,289 shares in the company, valued at approximately $9,673,581.04. The trade was a 35.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 204,618 shares of company stock worth $10,974,536. Company insiders own 3.50% of the company’s stock.

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.