Artemis Investment Management LLP Sells 38,552 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Artemis Investment Management LLP lessened its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 39.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 60,363 shares of the company’s stock after selling 38,552 shares during the period. Artemis Investment Management LLP’s holdings in e.l.f. Beauty were worth $7,579,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in e.l.f. Beauty in the third quarter worth approximately $25,000. Planning Capital Management Corp raised its position in shares of e.l.f. Beauty by 1,855.0% during the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after purchasing an additional 371 shares during the period. nVerses Capital LLC bought a new position in shares of e.l.f. Beauty in the 3rd quarter worth $44,000. Peterson Financial Group Inc. acquired a new stake in e.l.f. Beauty in the 3rd quarter valued at $45,000. Finally, Blue Trust Inc. grew its position in e.l.f. Beauty by 2,357.1% in the 3rd quarter. Blue Trust Inc. now owns 516 shares of the company’s stock valued at $56,000 after purchasing an additional 495 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Down 5.0 %

e.l.f. Beauty stock opened at $127.17 on Monday. The firm has a 50 day moving average price of $129.27 and a 200-day moving average price of $136.48. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. e.l.f. Beauty, Inc. has a twelve month low of $98.50 and a twelve month high of $221.83. The company has a market capitalization of $7.16 billion, a P/E ratio of 68.74, a P/E/G ratio of 2.17 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. During the same period last year, the business posted $0.66 earnings per share. The business’s revenue for the quarter was up 39.7% on a year-over-year basis. As a group, equities analysts predict that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Analysts Set New Price Targets

ELF has been the topic of a number of recent research reports. Morgan Stanley raised shares of e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $139.00 to $153.00 in a research note on Monday, January 13th. UBS Group raised their price target on shares of e.l.f. Beauty from $156.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday. Truist Financial boosted their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. raised their target price on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a report on Thursday. Finally, DA Davidson reiterated a “buy” rating and set a $170.00 price target on shares of e.l.f. Beauty in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $169.06.

Insider Activity at e.l.f. Beauty

In other news, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the transaction, the insider now directly owns 68,853 shares of the company’s stock, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. 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. Company insiders own 3.50% of the company’s stock.

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.