Signaturefd LLC Decreases Stock Position in e.l.f. Beauty $ELF

Signaturefd LLC cut its holdings in e.l.f. Beauty (NYSE:ELF) by 39.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 516 shares of the company’s stock after selling 342 shares during the quarter. Signaturefd LLC’s holdings in e.l.f. Beauty were worth $64,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its stake in shares of e.l.f. Beauty by 42.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,347 shares of the company’s stock worth $1,048,000 after purchasing an additional 2,505 shares during the last quarter. GAMMA Investing LLC increased its holdings in e.l.f. Beauty by 14,478.0% in the 1st quarter. GAMMA Investing LLC now owns 125,517 shares of the company’s stock worth $7,881,000 after buying an additional 124,656 shares in the last quarter. Independence Bank of Kentucky raised its position in e.l.f. Beauty by 299.8% in the 1st quarter. Independence Bank of Kentucky now owns 13,674 shares of the company’s stock worth $859,000 after buying an additional 10,254 shares during the last quarter. Park Avenue Securities LLC lifted its stake in e.l.f. Beauty by 24.7% during the 1st quarter. Park Avenue Securities LLC now owns 12,038 shares of the company’s stock valued at $756,000 after acquiring an additional 2,387 shares during the period. Finally, Wesbanco Bank Inc. boosted its holdings in shares of e.l.f. Beauty by 92.0% during the 1st quarter. Wesbanco Bank Inc. now owns 17,060 shares of the company’s stock valued at $1,071,000 after acquiring an additional 8,176 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

ELF opened at $134.88 on Monday. The company has a 50 day simple moving average of $126.47 and a two-hundred day simple moving average of $102.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.34. The firm has a market cap of $8.00 billion, a P/E ratio of 79.34, a PEG ratio of 3.12 and a beta of 1.57. e.l.f. Beauty has a 1-year low of $49.40 and a 1-year high of $150.99.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The company had revenue of $353.74 million for the quarter, compared to analysts’ expectations of $348.99 million. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. e.l.f. Beauty’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.10 EPS. Equities analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Morgan Stanley raised shares of e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $114.00 to $134.00 in a report on Monday, August 11th. Deutsche Bank Aktiengesellschaft lowered shares of e.l.f. Beauty from a “buy” rating to a “hold” rating and boosted their target price for the company from $121.00 to $128.00 in a research note on Tuesday, September 2nd. JPMorgan Chase & Co. lowered their price target on e.l.f. Beauty from $132.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, August 7th. Canaccord Genuity Group set a $165.00 price objective on e.l.f. Beauty in a report on Tuesday, September 9th. Finally, The Goldman Sachs Group upped their price objective on e.l.f. Beauty from $137.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $134.60.

Insiders Place Their Bets

In other news, insider Kory Marchisotto sold 13,515 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $140.10, for a total value of $1,893,451.50. Following the completion of the transaction, the insider owned 144,788 shares of the company’s stock, valued at $20,284,798.80. This represents a 8.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Scott Milsten sold 55,581 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $134.56, for a total value of $7,478,979.36. Following the sale, the insider directly owned 112,406 shares in the company, valued at $15,125,351.36. This trade represents a 33.09% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 301,060 shares of company stock valued at $40,994,733. Insiders own 3.90% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.