e.l.f. Beauty, Inc. (NYSE:ELF) Position Lessened by Beck Bode LLC

Beck Bode LLC trimmed its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 65.1% in the second quarter, HoldingsChannel reports. The firm owned 6,645 shares of the company’s stock after selling 12,408 shares during the period. Beck Bode LLC’s holdings in e.l.f. Beauty were worth $1,400,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Blair William & Co. IL boosted its stake in e.l.f. Beauty by 1.7% during the second quarter. Blair William & Co. IL now owns 20,518 shares of the company’s stock valued at $4,324,000 after buying an additional 334 shares in the last quarter. Virtu Financial LLC grew its stake in shares of e.l.f. Beauty by 732.5% in the 2nd quarter. Virtu Financial LLC now owns 24,850 shares of the company’s stock valued at $5,236,000 after buying an additional 21,865 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of e.l.f. Beauty during the 2nd quarter valued at $214,000. Moors & Cabot Inc. acquired a new stake in shares of e.l.f. Beauty in the second quarter worth about $240,000. Finally, Savoir Faire Capital Management L.P. lifted its holdings in e.l.f. Beauty by 273.7% in the 2nd quarter. Savoir Faire Capital Management L.P. now owns 58,443 shares of the company’s stock worth $12,315,000 after purchasing an additional 42,803 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Price Performance

Shares of ELF opened at $112.40 on Wednesday. The firm has a market cap of $6.29 billion, a PE ratio of 50.63, a price-to-earnings-growth ratio of 2.37 and a beta of 1.45. e.l.f. Beauty, Inc. has a 52-week low of $88.47 and a 52-week high of $221.83. The business’s 50 day moving average price is $159.25 and its two-hundred day moving average price is $176.11. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.67 by $0.20. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. The company had revenue of $324.48 million during the quarter, compared to the consensus estimate of $303.60 million. On average, equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.88 EPS for the current year.

Insiders Place Their Bets

In related 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 shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the transaction, the senior vice president now directly owns 71,986 shares in the company, valued at approximately $14,489,342.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Tarang Amin sold 548 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the sale, the chief executive officer now owns 214,507 shares in the company, valued at approximately $37,538,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the sale, the senior vice president now directly owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,304 shares of company stock valued at $3,864,492. Insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. DA Davidson restated a “buy” rating and set a $223.00 target price on shares of e.l.f. Beauty in a research note on Wednesday, September 11th. Piper Sandler cut their price objective on e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating for the company in a report on Monday. UBS Group decreased their price target on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Raymond James reissued a “strong-buy” rating and set a $235.00 price objective on shares of e.l.f. Beauty in a report on Monday, July 22nd. Finally, Baird R W raised e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $198.80.

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.