Peterson Wealth Services Lowers Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Peterson Wealth Services reduced its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 8.1% in the 4th quarter, Holdings Channel reports. The fund owned 4,907 shares of the company’s stock after selling 431 shares during the period. Peterson Wealth Services’ holdings in e.l.f. Beauty were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of ELF. Aubrey Capital Management Ltd acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at $552,000. Stephens Inc. AR increased its holdings in e.l.f. Beauty by 9.3% in the fourth quarter. Stephens Inc. AR now owns 6,484 shares of the company’s stock valued at $814,000 after buying an additional 553 shares in the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of e.l.f. Beauty by 84.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company’s stock worth $54,000 after acquiring an additional 197 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of e.l.f. Beauty by 14.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,942 shares of the company’s stock worth $4,823,000 after acquiring an additional 4,823 shares in the last quarter. Finally, Robbins Farley grew its position in shares of e.l.f. Beauty by 27.1% during the 4th quarter. Robbins Farley now owns 34,396 shares of the company’s stock valued at $4,318,000 after acquiring an additional 7,335 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on ELF shares. Raymond James lowered their price target on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research report on Friday. Canaccord Genuity Group decreased their target price on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday. Piper Sandler cut their price target on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Stifel Nicolaus decreased their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. Finally, Bank of America dropped their target price on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.00.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 890 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the transaction, the chief executive officer now owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the transaction, the director now owns 1,888 shares of the company’s stock, valued at $245,440. This trade represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock worth $297,442 over the last ninety days. Company insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Up 3.3 %

Shares of ELF opened at $73.48 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The firm has a market cap of $4.14 billion, a P/E ratio of 43.48, a price-to-earnings-growth ratio of 1.54 and a beta of 1.47. The company’s 50-day moving average price is $122.50 and its 200 day moving average price is $127.25. e.l.f. Beauty, Inc. has a 12-month low of $63.50 and a 12-month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 17.35% and a net margin of 7.55%. On average, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

e.l.f. Beauty Company Profile

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.