GAMMA Investing LLC Buys Shares of 265 e.l.f. Beauty, Inc. (NYSE:ELF)

GAMMA Investing LLC bought a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) during the fourth quarter, Holdings Channel reports. The institutional investor bought 265 shares of the company’s stock, valued at approximately $42,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in e.l.f. Beauty by 235.8% in the third quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company’s stock valued at $265,196,000 after purchasing an additional 1,695,585 shares in the last quarter. Invesco Ltd. boosted its stake in shares of e.l.f. Beauty by 15.3% during the 3rd quarter. Invesco Ltd. now owns 1,497,707 shares of the company’s stock worth $164,493,000 after acquiring an additional 198,235 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of e.l.f. Beauty by 58.2% during the 3rd quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock worth $156,427,000 after acquiring an additional 523,903 shares in the last quarter. FMR LLC boosted its stake in shares of e.l.f. Beauty by 641.2% during the 3rd quarter. FMR LLC now owns 832,404 shares of the company’s stock worth $91,423,000 after acquiring an additional 720,098 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of e.l.f. Beauty by 52.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 607,359 shares of the company’s stock worth $66,706,000 after acquiring an additional 208,263 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 subject of several recent analyst reports. Piper Sandler upped their price target 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. StockNews.com downgraded e.l.f. Beauty from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. TD Cowen upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and decreased their price target for the stock from $220.00 to $190.00 in a research note on Wednesday, April 17th. Truist Financial upped their price target on e.l.f. Beauty from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, DA Davidson restated a “buy” rating and set a $220.00 target price on shares of e.l.f. Beauty in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $184.33.

Insider Transactions at e.l.f. Beauty

In other news, insider Mandy J. Fields sold 1,250 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $174.90, for a total value of $218,625.00. Following the transaction, the insider now directly owns 77,146 shares in the company, valued at approximately $13,492,835.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Joshua Allen Franks sold 727 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the sale, the senior vice president now owns 83,736 shares of the company’s stock, valued at approximately $13,829,837.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mandy J. Fields sold 1,250 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $174.90, for a total value of $218,625.00. Following the sale, the insider now directly owns 77,146 shares in the company, valued at approximately $13,492,835.40. The disclosure for this sale can be found here. Insiders have sold 178,081 shares of company stock worth $30,457,064 in the last three months. Insiders own 5.20% of the company’s stock.

e.l.f. Beauty Stock Down 0.2 %

Shares of ELF opened at $160.17 on Friday. The firm has a market capitalization of $8.89 billion, a price-to-earnings ratio of 70.87, a PEG ratio of 1.49 and a beta of 1.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. The business’s fifty day moving average price is $185.64 and its two-hundred day moving average price is $153.21. e.l.f. Beauty, Inc. has a 52 week low of $83.80 and a 52 week 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 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. The firm had revenue of $270.94 million for the quarter, compared to analyst estimates of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. On average, analysts predict that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current year.

e.l.f. Beauty 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.