Algert Global LLC Has $3.64 Million Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Algert Global LLC decreased its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,379 shares of the company’s stock after selling 1,152 shares during the quarter. Algert Global LLC owned approximately 0.06% of e.l.f. Beauty worth $3,639,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ELF. Baillie Gifford & Co. acquired a new position in e.l.f. Beauty during the 2nd quarter worth about $801,693,000. Champlain Investment Partners LLC bought a new position in shares of e.l.f. Beauty in the third quarter worth about $121,558,000. Swedbank AB acquired a new position in shares of e.l.f. Beauty during the third quarter worth approximately $76,321,000. Clearbridge Investments LLC boosted its position in e.l.f. Beauty by 84.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after buying an additional 576,383 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of e.l.f. Beauty by 223.2% during the third quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock worth $60,543,000 after acquiring an additional 383,478 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Buying and Selling

In related news, CEO Tarang Amin sold 23,528 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the transaction, the chief executive officer now owns 106,016 shares in the company, valued at approximately $14,465,883.20. This represents a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is owned by corporate insiders.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $129.98 on Tuesday. The firm’s 50 day moving average price is $112.58 and its two-hundred day moving average price is $152.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. e.l.f. Beauty, Inc. has a twelve month low of $98.50 and a twelve month high of $221.83. The firm has a market cap of $7.32 billion, a P/E ratio of 70.26, a PEG ratio of 2.77 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The firm had revenue of $301.10 million during the quarter, compared to analyst estimates of $289.43 million. During the same period in the prior year, the business earned $0.66 EPS. The company’s revenue for the quarter was up 39.7% compared to the same quarter last year. On average, analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on ELF shares. DA Davidson restated a “buy” rating and set a $170.00 target price on shares of e.l.f. Beauty in a research report on Monday. Bank of America cut their price objective on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Truist Financial lowered their target price on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Canaccord Genuity Group cut their price target on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, B. Riley decreased their price objective on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.53.

About e.l.f. Beauty

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.