Ithaka Group LLC Sells 1,226 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Ithaka Group LLC reduced its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,922 shares of the company’s stock after selling 1,226 shares during the quarter. Ithaka Group LLC owned about 0.09% of e.l.f. Beauty worth $6,017,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Baillie Gifford & Co. grew its position in shares of e.l.f. Beauty by 51.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after buying an additional 2,703,742 shares during the period. State Street Corp increased its stake in e.l.f. Beauty by 3.7% in the third quarter. State Street Corp now owns 1,665,203 shares of the company’s stock valued at $181,557,000 after purchasing an additional 59,248 shares in the last quarter. FMR LLC raised its holdings in shares of e.l.f. Beauty by 5.5% during the third quarter. FMR LLC now owns 1,186,766 shares of the company’s stock valued at $129,393,000 after purchasing an additional 61,524 shares during the period. Champlain Investment Partners LLC bought a new position in shares of e.l.f. Beauty during the 3rd quarter worth about $121,558,000. Finally, Geode Capital Management LLC grew its stake in shares of e.l.f. Beauty by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 955,064 shares of the company’s stock valued at $104,158,000 after buying an additional 24,778 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Piper Sandler cut their price target on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Morgan Stanley restated an “equal weight” rating and set a $70.00 price objective (down previously from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. UBS Group reissued a “neutral” rating and set a $74.00 target price (down from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. JPMorgan Chase & Co. lifted their price target on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Stifel Nicolaus dropped their target price on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $132.94.

e.l.f. Beauty Trading Down 2.2 %

NYSE:ELF opened at $67.99 on Thursday. The firm has a market capitalization of $3.83 billion, a P/E ratio of 40.23, a P/E/G ratio of 6.76 and a beta of 1.60. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average of $94.36 and a 200 day moving average of $112.09. e.l.f. Beauty, Inc. has a 52 week low of $61.90 and a 52 week high of $219.77.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. On average, research analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Insider Buying and Selling

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the transaction, the director now owns 1,888 shares in the company, valued at approximately $127,232.32. This represents a 67.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.50% of the stock is currently owned by insiders.

e.l.f. Beauty 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.