WINTON GROUP Ltd Has $583,000 Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

WINTON GROUP Ltd reduced its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 85.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,643 shares of the company’s stock after selling 26,217 shares during the period. WINTON GROUP Ltd’s holdings in e.l.f. Beauty were worth $583,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ELF. Wilmington Savings Fund Society FSB bought a new stake in shares of e.l.f. Beauty during the 3rd quarter valued at about $25,000. Promus Capital LLC bought a new position in shares of e.l.f. Beauty during the 4th quarter worth approximately $31,000. Kestra Investment Management LLC bought a new position in shares of e.l.f. Beauty during the 4th quarter worth approximately $32,000. Financial Life Planners acquired a new stake in shares of e.l.f. Beauty during the 4th quarter worth approximately $46,000. Finally, New Wave Wealth Advisors LLC bought a new stake in shares of e.l.f. Beauty in the 4th quarter valued at $65,000. 92.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. B. Riley reissued a “buy” rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Morgan Stanley reissued 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 research report on Friday, February 7th. DA Davidson decreased their target price on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. The Goldman Sachs Group cut their price target on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, Piper Sandler reduced their price objective on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $132.65.

e.l.f. Beauty Stock Down 0.4 %

ELF opened at $64.87 on Friday. e.l.f. Beauty, Inc. has a fifty-two week low of $60.35 and a fifty-two week high of $219.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The company’s 50-day moving average is $79.12 and its 200 day moving average is $105.82. The firm has a market capitalization of $3.66 billion, a P/E ratio of 38.38, a PEG ratio of 6.76 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results 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 return on equity of 16.88% and a net margin of 7.55%. Research analysts expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction 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 sale, the director now directly owns 1,888 shares in the company, valued at $127,232.32. The trade was a 67.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.50% of the company’s stock.

About e.l.f. Beauty

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.