WD Rutherford LLC Buys 1,686 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

WD Rutherford LLC boosted its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,161 shares of the company’s stock after purchasing an additional 1,686 shares during the period. WD Rutherford LLC’s holdings in e.l.f. Beauty were worth $3,033,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ELF. Baillie Gifford & Co. increased its position in e.l.f. Beauty by 39.5% during the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after acquiring an additional 1,501,151 shares during the last quarter. Champlain Investment Partners LLC purchased a new stake in shares of e.l.f. Beauty during the 3rd quarter valued at about $121,558,000. Swedbank AB bought a new position in shares of e.l.f. Beauty in the 3rd quarter worth approximately $76,321,000. Thrivent Financial for Lutherans boosted its holdings in shares of e.l.f. Beauty by 223.2% in the third quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock worth $60,543,000 after buying an additional 383,478 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its position in e.l.f. Beauty by 20,187.5% during the third quarter. Westfield Capital Management Co. LP now owns 334,743 shares of the company’s stock valued at $36,497,000 after buying an additional 333,093 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Activity

In other news, insider Scott Milsten sold 530 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the transaction, the insider now owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their position. 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 the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the sale, the director now owns 1,888 shares in the company, valued at $245,440. The trade was a 29.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ELF. The Goldman Sachs Group dropped their price target on shares of e.l.f. Beauty from $165.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. UBS Group reaffirmed a “neutral” rating and issued a $74.00 price objective (down previously from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. JPMorgan Chase & Co. boosted their price objective on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley restated an “equal weight” rating and set a $70.00 target price (down previously from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price target for the company. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.00.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $72.97 on Friday. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 43.18, a PEG ratio of 1.54 and a beta of 1.47. e.l.f. Beauty, Inc. has a 1 year low of $63.50 and a 1 year high of $221.83. The stock’s 50 day simple moving average is $116.66 and its two-hundred day simple moving average is $124.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share 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%. As a group, equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

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.