SG Americas Securities LLC Makes New $199,000 Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

SG Americas Securities LLC bought a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,381 shares of the company’s stock, valued at approximately $199,000.

A number of other institutional investors also recently bought and sold shares of the company. Advisor Group Holdings Inc. increased its stake in e.l.f. Beauty by 7.6% during the first quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock worth $174,000 after acquiring an additional 476 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of e.l.f. Beauty by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 428,775 shares of the company’s stock valued at $11,076,000 after buying an additional 4,476 shares in the last quarter. Citigroup Inc. grew its stake in shares of e.l.f. Beauty by 12.4% in the first quarter. Citigroup Inc. now owns 41,711 shares of the company’s stock valued at $1,077,000 after buying an additional 4,617 shares in the last quarter. AlphaCrest Capital Management LLC acquired a new stake in shares of e.l.f. Beauty in the first quarter valued at about $342,000. Finally, MetLife Investment Management LLC grew its stake in shares of e.l.f. Beauty by 53.3% in the first quarter. MetLife Investment Management LLC now owns 26,424 shares of the company’s stock valued at $683,000 after buying an additional 9,189 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,519 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the completion of the sale, the chief executive officer now directly owns 10,889 shares of the company’s stock, valued at approximately $2,165,713.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. DA Davidson reiterated a “buy” rating and set a $220.00 price target on shares of e.l.f. Beauty in a research report on Monday, April 8th. JPMorgan Chase & Co. raised their target price on e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, January 18th. TD Cowen lifted their price objective on e.l.f. Beauty from $185.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 13th. Finally, Piper Sandler lifted their price objective on e.l.f. Beauty from $225.00 to $228.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $186.83.

e.l.f. Beauty Trading Down 2.6 %

Shares of ELF stock opened at $162.91 on Friday. The firm has a 50 day moving average price of $186.95 and a two-hundred day moving average price of $147.29. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $9.04 billion, a PE ratio of 72.08, a price-to-earnings-growth ratio of 1.55 and a beta of 1.57. e.l.f. Beauty, Inc. has a 12-month low of $83.80 and a 12-month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. The business had revenue of $270.94 million for the quarter, compared to analysts’ expectations of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. As a group, analysts predict that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current 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.