Atom Investors LP Acquires Shares of 6,395 e.l.f. Beauty, Inc. (NYSE:ELF)

Atom Investors LP acquired a new position in e.l.f. Beauty, Inc. (NYSE:ELF) during the third quarter, Holdings Channel.com reports. The firm acquired 6,395 shares of the company’s stock, valued at approximately $697,000.

Several other institutional investors have also recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC acquired a new stake in e.l.f. Beauty during the 2nd quarter worth about $26,000. Innealta Capital LLC purchased a new stake in shares of e.l.f. Beauty in the second quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. grew its holdings in e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after acquiring an additional 138 shares during the period. Crewe Advisors LLC raised its position in e.l.f. Beauty by 456.3% during the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock valued at $38,000 after acquiring an additional 146 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in e.l.f. Beauty in the second quarter valued at approximately $80,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Bank of America dropped their price objective on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Robert W. Baird cut their price objective on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Piper Sandler reissued an “overweight” rating and set a $165.00 target price (up from $162.00) on shares of e.l.f. Beauty in a research note on Thursday, November 7th. Jefferies Financial Group cut their price target on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, UBS Group reduced their price target on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus price target of $173.53.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at $245,440. The trade was a 29.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the sale, the chief executive officer now owns 106,016 shares of the company’s stock, valued at $14,465,883.20. This represents a 18.16 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $127.39 on Wednesday. The company has a fifty day simple moving average of $114.35 and a 200-day simple moving average of $150.91. The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 68.86, a PEG ratio of 2.86 and a beta of 1.49. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. e.l.f. Beauty, Inc. has a 52-week low of $98.50 and a 52-week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The company had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. During the same quarter in the prior year, the company earned $0.66 EPS. e.l.f. Beauty’s revenue was up 39.7% compared to the same quarter last year. On average, equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.