Lmcg Investments LLC Buys New Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Lmcg Investments LLC acquired a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 65,653 shares of the company’s stock, valued at approximately $8,243,000.

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

e.l.f. Beauty Trading Down 5.0 %

Shares of ELF stock opened at $127.17 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The firm has a market cap of $7.16 billion, a P/E ratio of 68.74, a price-to-earnings-growth ratio of 2.21 and a beta of 1.50. The business has a 50-day moving average price of $129.27 and a two-hundred day moving average price of $136.48. e.l.f. Beauty, Inc. has a 12-month low of $98.50 and a 12-month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted 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 return on equity of 19.34% and a net margin of 8.87%. The firm had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. During the same quarter in the prior year, the business earned $0.66 EPS. The business’s revenue for the quarter was up 39.7% on a year-over-year basis. Equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.79 EPS for the current fiscal year.

Insider Buying and Selling at e.l.f. Beauty

In other news, insider Scott Milsten sold 530 shares of the 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 completion of the transaction, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the transaction, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at $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. Over the last 90 days, insiders have sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. DA Davidson reissued a “buy” rating and set a $170.00 price target on shares of e.l.f. Beauty in a research report on Thursday, December 19th. Jefferies Financial Group dropped their target price on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Stifel Nicolaus lowered their price objective on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. Robert W. Baird decreased their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Finally, Morgan Stanley raised shares of e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $139.00 to $153.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $169.06.

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.