Mackenzie Financial Corp Decreases Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Mackenzie Financial Corp lessened its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,842 shares of the company’s stock after selling 240 shares during the quarter. Mackenzie Financial Corp’s holdings in e.l.f. Beauty were worth $555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Armstrong Advisory Group Inc. increased its position in shares of e.l.f. Beauty by 390.2% during the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock worth $29,000 after purchasing an additional 160 shares in the last quarter. BluePath Capital Management LLC acquired a new position in e.l.f. Beauty during the 3rd quarter valued at about $34,000. GPS Wealth Strategies Group LLC increased its position in e.l.f. Beauty by 66.4% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock valued at $35,000 after buying an additional 97 shares in the last quarter. Private Trust Co. NA raised its stake in e.l.f. Beauty by 75.5% in the third quarter. Private Trust Co. NA now owns 437 shares of the company’s stock valued at $48,000 after buying an additional 188 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in e.l.f. Beauty by 98.1% in the third quarter. IFP Advisors Inc now owns 626 shares of the company’s stock worth $69,000 after acquiring an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

ELF has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, January 18th. Robert W. Baird initiated coverage on shares of e.l.f. Beauty in a research note on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price objective for the company. Bank of America upped their target price on e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Raymond James lifted their price target on e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. Finally, TD Cowen upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and dropped their price target for the company from $220.00 to $190.00 in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $184.33.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the sale, the chief executive officer now directly owns 10,889 shares in the company, valued at approximately $2,165,713.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other e.l.f. Beauty news, insider Kory Marchisotto sold 29,408 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $166.40, for a total transaction of $4,893,491.20. Following the completion of the transaction, the insider now directly owns 156,969 shares in the company, valued at $26,119,641.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the completion of the sale, the chief executive officer now owns 10,889 shares in the company, valued at approximately $2,165,713.21. The disclosure for this sale can be found here. Over the last quarter, insiders sold 178,081 shares of company stock worth $30,457,064. Company insiders own 5.20% of the company’s stock.

e.l.f. Beauty Trading Up 2.0 %

Shares of NYSE:ELF opened at $179.56 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. e.l.f. Beauty, Inc. has a 12-month low of $83.80 and a 12-month high of $221.83. The business has a 50 day moving average of $186.57 and a two-hundred day moving average of $151.51. The company has a market capitalization of $9.97 billion, a PE ratio of 79.45, a PEG ratio of 1.66 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, beating 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 firm had revenue of $270.94 million during the quarter, compared to analyst estimates of $239.66 million. As a group, analysts forecast that e.l.f. Beauty, Inc. will post 2.5 EPS 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.