Lighthouse Investment Partners LLC Invests $14.44 Million in e.l.f. Beauty, Inc. (NYSE:ELF)

Lighthouse Investment Partners LLC bought a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 115,049 shares of the company’s stock, valued at approximately $14,444,000.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of e.l.f. Beauty during the 3rd quarter worth about $25,000. Nemes Rush Group LLC acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth about $27,000. Promus Capital LLC acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth about $31,000. Kestra Investment Management LLC acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth about $32,000. Finally, Financial Life Planners acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth about $46,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Kory Marchisotto sold 51,350 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,036.00. Following the sale, the insider now owns 152,492 shares in the company, valued at $8,136,973.12. This represents a 25.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Joshua Allen Franks sold 51,353 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $2,740,196.08. Following the sale, the senior vice president now owns 114,660 shares in the company, valued at approximately $6,118,257.60. This represents a 30.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 204,618 shares of company stock valued at $10,974,536 in the last quarter. 3.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on ELF. The Goldman Sachs Group decreased their price objective on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research report on Friday, February 21st. DA Davidson decreased 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. Raymond James decreased their price objective on e.l.f. Beauty from $120.00 to $85.00 and set a “strong-buy” rating for the company in a research report on Thursday, April 17th. Stifel Nicolaus decreased their price objective on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on 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. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $116.88.

e.l.f. Beauty Trading Down 1.2%

NYSE:ELF opened at $67.07 on Monday. e.l.f. Beauty, Inc. has a twelve month low of $49.40 and a twelve month high of $219.77. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $61.35 and a two-hundred day moving average price of $94.43. The company has a market cap of $3.78 billion, a P/E ratio of 39.69, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31.

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.