FACT Capital LP Trims Position in e.l.f. Beauty, Inc. (NYSE:ELF)

FACT Capital LP cut its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 19.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,603 shares of the company’s stock after selling 20,394 shares during the period. e.l.f. Beauty accounts for 4.6% of FACT Capital LP’s holdings, making the stock its 11th biggest holding. FACT Capital LP owned 0.15% of e.l.f. Beauty worth $10,622,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG grew its holdings in e.l.f. Beauty by 1.3% during the 4th quarter. Deutsche Bank AG now owns 49,527 shares of the company’s stock valued at $6,218,000 after buying an additional 639 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in e.l.f. Beauty by 68.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 167,146 shares of the company’s stock valued at $20,985,000 after buying an additional 67,757 shares in the last quarter. Duquesne Family Office LLC purchased a new position in e.l.f. Beauty during the 4th quarter worth $4,683,000. Cetera Investment Advisers lifted its stake in e.l.f. Beauty by 2.9% in the fourth quarter. Cetera Investment Advisers now owns 32,478 shares of the company’s stock worth $4,078,000 after acquiring an additional 918 shares during the period. Finally, BW Gestao de Investimentos Ltda. purchased a new position in e.l.f. Beauty during the fourth quarter valued at approximately $5,689,000. 92.44% of the stock is currently owned by institutional investors.

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

In related news, Director Maureen C. Watson sold 4,000 shares of the business’s 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 completion of the sale, the director now owns 1,888 shares of the company’s stock, valued at $127,232.32. This represents a 67.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joshua Allen Franks sold 51,353 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $2,740,196.08. Following the completion of the transaction, the senior vice president now owns 114,660 shares of the company’s stock, valued at approximately $6,118,257.60. The trade was a 30.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 204,618 shares of company stock worth $10,974,536 over the last quarter. 3.50% of the stock is owned by corporate insiders.

e.l.f. Beauty Stock Performance

Shares of NYSE:ELF opened at $67.90 on Friday. The business’s 50-day simple moving average is $61.29 and its 200 day simple moving average is $94.87. The company has a market cap of $3.83 billion, a P/E ratio of 40.18, a PEG ratio of 6.76 and a beta of 1.31. 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 one year low of $49.40 and a one year 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 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%. On average, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. DA Davidson lowered their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. JPMorgan Chase & Co. lowered their price objective on e.l.f. Beauty from $127.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. UBS Group reduced their price target on e.l.f. Beauty from $74.00 to $59.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Truist Financial reduced their price target on shares of e.l.f. Beauty from $100.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Finally, Piper Sandler decreased their price objective on e.l.f. Beauty from $90.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.88.

e.l.f. Beauty Company 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.