Amalgamated Bank Lowers Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Amalgamated Bank decreased its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,515 shares of the company’s stock after selling 471 shares during the period. Amalgamated Bank’s holdings in e.l.f. Beauty were worth $3,394,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. First Trust Direct Indexing L.P. lifted its stake in e.l.f. Beauty by 3.2% during the 4th quarter. First Trust Direct Indexing L.P. now owns 2,106 shares of the company’s stock valued at $304,000 after acquiring an additional 65 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of e.l.f. Beauty by 0.3% in the fourth quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock valued at $4,906,000 after purchasing an additional 85 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of e.l.f. Beauty by 38.0% during the fourth quarter. First Horizon Advisors Inc. now owns 338 shares of the company’s stock valued at $49,000 after purchasing an additional 93 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in e.l.f. Beauty by 66.4% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock worth $35,000 after purchasing an additional 97 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its position in e.l.f. Beauty by 1.2% in the 4th quarter. Mutual of America Capital Management LLC now owns 9,661 shares of the company’s stock worth $1,394,000 after purchasing an additional 117 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ELF has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. StockNews.com cut e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Stifel Nicolaus upped their price objective 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. Raymond James lifted their target price on e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. Finally, Piper Sandler increased their price target on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $184.33.

e.l.f. Beauty Price Performance

ELF opened at $170.44 on Friday. The firm has a 50-day moving average price of $182.03 and a 200-day moving average price of $155.26. e.l.f. Beauty, Inc. has a twelve month low of $83.80 and a twelve month high of $221.83. 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 $9.46 billion, a price-to-earnings ratio of 75.42, a PEG ratio of 1.50 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last released 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 company had revenue of $270.94 million during the quarter, compared to the consensus estimate of $239.66 million. Equities analysts expect that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction on Monday, May 6th. The stock was sold at an average price of $163.70, for a total value of $3,850,060.30. Following the completion of the transaction, the chief executive officer now directly owns 10,890 shares in the company, valued at $1,782,693. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP Joshua Allen Franks sold 29,388 shares of the business’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 $4,890,163.20. Following the completion of the transaction, the senior vice president now directly owns 108,748 shares in the company, valued at approximately $18,095,667.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 23,519 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $163.70, for a total value of $3,850,060.30. Following the completion of the sale, the chief executive officer now owns 10,890 shares in the company, valued at approximately $1,782,693. The disclosure for this sale can be found here. Insiders have sold a total of 201,600 shares of company stock worth $34,307,124 over the last 90 days. Corporate insiders own 5.20% of the company’s stock.

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.