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

Artemis Investment Management LLP decreased its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 39.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,363 shares of the company’s stock after selling 38,552 shares during the quarter. Artemis Investment Management LLP owned about 0.11% of e.l.f. Beauty worth $7,579,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Edgestream Partners L.P. bought a new stake in e.l.f. Beauty in the 2nd quarter valued at $214,000. Blair William & Co. IL increased its position in shares of e.l.f. Beauty by 1.7% during the second quarter. Blair William & Co. IL now owns 20,518 shares of the company’s stock valued at $4,324,000 after purchasing an additional 334 shares during the period. Hsbc Holdings PLC boosted its stake in e.l.f. Beauty by 263.2% during the second quarter. Hsbc Holdings PLC now owns 7,405 shares of the company’s stock worth $1,559,000 after buying an additional 5,366 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in e.l.f. Beauty in the 2nd quarter valued at $6,659,000. Finally, AE Wealth Management LLC acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at $343,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on ELF shares. Piper Sandler upped their target price on shares of e.l.f. Beauty from $165.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Robert W. Baird cut their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Jefferies Financial Group reduced 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 research report on Wednesday, October 30th. Morgan Stanley upgraded e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $139.00 to $153.00 in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. lifted their target price on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.06.

e.l.f. Beauty Trading Down 5.0 %

Shares of e.l.f. Beauty stock opened at $127.17 on Monday. e.l.f. Beauty, Inc. has a 52-week low of $98.50 and a 52-week high of $221.83. The stock has a market cap of $7.16 billion, a PE ratio of 68.74, a PEG ratio of 2.17 and a beta of 1.50. The firm has a 50-day moving average of $129.27 and a 200-day moving average of $136.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78.

e.l.f. Beauty (NYSE:ELF) last announced 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. The firm had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The business’s revenue was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 EPS. As a group, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the sale, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $245,440. This trade represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is owned by corporate 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.