e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC decreased its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 57.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,926 shares of the company’s stock after selling 80,738 shares during the quarter. Kennedy Capital Management LLC’s holdings in e.l.f. Beauty were worth $11,551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Clearbridge Investments LLC acquired a new stake in e.l.f. Beauty during the 1st quarter worth about $133,940,000. Norges Bank acquired a new stake in shares of e.l.f. Beauty during the 4th quarter valued at about $95,611,000. 1832 Asset Management L.P. acquired a new stake in shares of e.l.f. Beauty during the 1st quarter valued at about $61,299,000. Zevenbergen Capital Investments LLC lifted its holdings in shares of e.l.f. Beauty by 98.3% during the 4th quarter. Zevenbergen Capital Investments LLC now owns 395,137 shares of the company’s stock valued at $57,034,000 after buying an additional 195,854 shares during the last quarter. Finally, Braun Stacey Associates Inc. acquired a new stake in shares of e.l.f. Beauty during the 4th quarter valued at about $24,809,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of NYSE:ELF traded down $2.28 during trading on Tuesday, hitting $170.29. 1,307,162 shares of the stock were exchanged, compared to its average volume of 1,581,813. e.l.f. Beauty, Inc. has a 1-year low of $88.47 and a 1-year high of $221.83. The company has a market capitalization of $9.60 billion, a price-to-earnings ratio of 77.76, a price-to-earnings-growth ratio of 4.01 and a beta of 1.46. The company’s fifty day simple moving average is $191.98 and its 200-day simple moving average is $181.60. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 1.60.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.16. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. The company had revenue of $321.14 million for the quarter, compared to analyst estimates of $292.47 million. Sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ELF shares. Raymond James reiterated a “strong-buy” rating and set a $235.00 price target on shares of e.l.f. Beauty in a report on Monday, July 22nd. DA Davidson reiterated a “buy” rating and set a $220.00 price target on shares of e.l.f. Beauty in a report on Monday, June 3rd. Piper Sandler raised their price objective on e.l.f. Beauty from $210.00 to $258.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. TD Cowen raised their price objective on e.l.f. Beauty from $190.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, JPMorgan Chase & Co. raised their price objective on e.l.f. Beauty from $182.00 to $224.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $210.00.

Insider Transactions at e.l.f. Beauty

In other news, SVP Joshua Allen Franks sold 3,370 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the sale, the senior vice president now owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Jennifer Catherine Hartnett sold 9,808 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total value of $1,814,087.68. Following the sale, the insider now owns 61,647 shares of the company’s stock, valued at approximately $11,402,229.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the sale, the senior vice president now directly owns 71,986 shares in the company, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 120,361 shares of company stock valued at $22,019,033. 5.20% of the stock is 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.