Aigen Investment Management LP Sells 5,916 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Aigen Investment Management LP lessened its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 72.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,283 shares of the company’s stock after selling 5,916 shares during the period. Aigen Investment Management LP’s holdings in e.l.f. Beauty were worth $287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ELF. Baillie Gifford & Co. raised its holdings in shares of e.l.f. Beauty by 51.0% during the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock valued at $1,005,584,000 after acquiring an additional 2,703,742 shares in the last quarter. Champlain Investment Partners LLC bought a new position in shares of e.l.f. Beauty during the third quarter valued at approximately $121,558,000. Swedbank AB purchased a new stake in e.l.f. Beauty in the third quarter worth $76,321,000. Thrivent Financial for Lutherans grew its stake in e.l.f. Beauty by 223.2% in the third quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock worth $60,543,000 after purchasing an additional 383,478 shares during the period. Finally, Westfield Capital Management Co. LP grew its stake in e.l.f. Beauty by 20,187.5% in the third quarter. Westfield Capital Management Co. LP now owns 334,743 shares of the company’s stock worth $36,497,000 after purchasing an additional 333,093 shares during the period. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Trading Up 9.8 %

e.l.f. Beauty stock opened at $70.75 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. e.l.f. Beauty, Inc. has a one year low of $61.90 and a one year high of $219.77. The stock has a market capitalization of $3.99 billion, a PE ratio of 41.87, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60. The business’s fifty day moving average is $97.69 and its 200 day moving average is $114.18.

e.l.f. Beauty (NYSE:ELF) last released 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, sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Analyst Upgrades and Downgrades

ELF has been the topic of several recent research reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Piper Sandler reduced their price target on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. JPMorgan Chase & Co. increased their target price on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. The Goldman Sachs Group cut their target price on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Stifel Nicolaus cut their target price on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued 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 $132.94.

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.