Catalyst Funds Management Pty Ltd Acquires Shares of 1,600 e.l.f. Beauty, Inc. (NYSE:ELF)

Catalyst Funds Management Pty Ltd acquired a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,600 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in e.l.f. Beauty by 149.8% in the 4th quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock valued at $41,250,000 after buying an additional 197,028 shares during the period. Global Retirement Partners LLC increased its stake in e.l.f. Beauty by 441.0% in the 4th quarter. Global Retirement Partners LLC now owns 8,283 shares of the company’s stock valued at $1,040,000 after buying an additional 6,752 shares during the period. Robbins Farley increased its stake in e.l.f. Beauty by 27.1% in the 4th quarter. Robbins Farley now owns 34,396 shares of the company’s stock valued at $4,318,000 after buying an additional 7,335 shares during the period. Pacer Advisors Inc. increased its stake in e.l.f. Beauty by 43.4% in the 4th quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock valued at $1,482,000 after buying an additional 3,572 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of e.l.f. Beauty by 1,380.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock worth $1,775,000 after purchasing an additional 15,184 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ELF shares. Raymond James lowered their price target on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research note on Friday, February 7th. The Goldman Sachs Group lowered their price target on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Canaccord Genuity Group lowered their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. DA Davidson reaffirmed a “neutral” rating and set a $80.00 price target on shares of e.l.f. Beauty in a research note on Tuesday, February 18th. Finally, B. Riley reaffirmed a “buy” rating and set a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Five 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, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $132.94.

Insider Transactions at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 4,000 shares of the 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 transaction, the director now directly owns 1,888 shares in the company, valued at $127,232.32. This represents a 67.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Price Performance

NYSE:ELF opened at $68.43 on Monday. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 40.49, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average is $92.02 and its two-hundred day moving average is $110.56. e.l.f. Beauty, Inc. has a 12-month low of $61.90 and a 12-month high of $219.77.

e.l.f. Beauty (NYSE:ELF) last released its 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 net margin of 7.55% and a return on equity of 16.88%. Research analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

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.