PFG Investments LLC Invests $305,000 in e.l.f. Beauty, Inc. (NYSE:ELF)

PFG Investments LLC acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELFFree Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,111 shares of the company’s stock, valued at approximately $305,000.

Several other institutional investors have also modified their holdings of the company. ST Germain D J Co. Inc. purchased a new stake in e.l.f. Beauty in the second quarter valued at $26,000. Dark Forest Capital Management LP purchased a new stake in e.l.f. Beauty in the first quarter valued at $27,000. Point72 Middle East FZE purchased a new stake in e.l.f. Beauty in the fourth quarter valued at $28,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in e.l.f. Beauty in the third quarter valued at $29,000. Finally, Armstrong Advisory Group Inc. lifted its position in e.l.f. Beauty by 390.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock valued at $29,000 after acquiring an additional 160 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Trading Down 0.1 %

Shares of ELF opened at $196.04 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average is $183.22 and its two-hundred day moving average is $142.64. e.l.f. Beauty, Inc. has a twelve month low of $78.62 and a twelve month high of $221.83. The firm has a market capitalization of $10.88 billion, a P/E ratio of 86.74, a PEG ratio of 2.22 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELFGet Free Report) last issued its earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.11. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. The company had revenue of $270.94 million for the quarter, compared to analyst estimates of $239.66 million. On average, research analysts predict that e.l.f. Beauty, Inc. will post 2.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ELF has been the subject of a number of research reports. StockNews.com cut shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Morgan Stanley upped their target price on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Piper Sandler upped their target price on shares of e.l.f. Beauty from $212.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, February 26th. DA Davidson reaffirmed a “buy” rating and issued a $220.00 target price on shares of e.l.f. Beauty in a report on Thursday, March 21st. Finally, Stifel Nicolaus upped their target price on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.58.

Get Our Latest Report on e.l.f. Beauty

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

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 200 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $152.53, for a total value of $30,506.00. Following the sale, the senior vice president now owns 91,003 shares of the company’s stock, valued at $13,880,687.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Scott Milsten sold 5,061 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $140.22, for a total transaction of $709,653.42. Following the transaction, the insider now owns 79,104 shares of the company’s stock, valued at $11,091,962.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joshua Allen Franks sold 200 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $152.53, for a total transaction of $30,506.00. Following the transaction, the senior vice president now directly owns 91,003 shares in the company, valued at approximately $13,880,687.59. The disclosure for this sale can be found here. Insiders have sold 61,922 shares of company stock valued at $10,145,374 over the last quarter. Corporate insiders own 5.20% of the company’s stock.

e.l.f. Beauty Profile

(Free Report)

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.

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Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

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