Cwm LLC Sells 130 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Cwm LLC trimmed its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 17.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 636 shares of the company’s stock after selling 130 shares during the period. Cwm LLC’s holdings in e.l.f. Beauty were worth $92,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ELF. Armstrong Advisory Group Inc. raised its stake 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 valued at $29,000 after acquiring an additional 160 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position in shares of e.l.f. Beauty by 66.4% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock worth $35,000 after acquiring an additional 97 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of e.l.f. Beauty by 3,600.0% during the fourth quarter. Avior Wealth Management LLC now owns 370 shares of the company’s stock valued at $53,000 after buying an additional 360 shares during the last quarter. Rakuten Securities Inc. purchased a new stake in e.l.f. Beauty during the fourth quarter valued at approximately $56,000. Finally, M&R Capital Management Inc. purchased a new stake in shares of e.l.f. Beauty during the 4th quarter valued at $69,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on ELF shares. Truist Financial lifted their target price on shares of 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. TD Cowen upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $220.00 to $190.00 in a research report on Wednesday, April 17th. 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 research report on Thursday, January 18th. Robert W. Baird began coverage on shares of e.l.f. Beauty in a report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 price target for the company. Finally, Raymond James increased their target price on e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $184.33.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock opened at $163.60 on Wednesday. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 72.39, a price-to-earnings-growth ratio of 1.50 and a beta of 1.60. e.l.f. Beauty, Inc. has a 1-year low of $83.80 and a 1-year high of $221.83. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $183.66 and a 200-day simple moving average of $155.11.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 EPS 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 firm had revenue of $270.94 million for the quarter, compared to analyst estimates of $239.66 million. On average, analysts expect that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

Insider Activity

In other news, SVP Joshua Allen Franks sold 727 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $165.16, for a total value of $120,071.32. Following the completion of the transaction, the senior vice president now owns 83,736 shares of the company’s stock, valued at $13,829,837.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP Joshua Allen Franks sold 727 shares of e.l.f. Beauty stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $165.16, for a total value of $120,071.32. Following the completion of the transaction, the senior vice president now owns 83,736 shares in the company, 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, CEO Tarang Amin sold 74,451 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $166.40, for a total transaction of $12,388,646.40. Following the sale, the chief executive officer now owns 316,161 shares in the company, valued at $52,609,190.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 178,081 shares of company stock valued at $30,457,064. 5.20% of the stock is currently owned by corporate insiders.

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.