65,653 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Acquired by Lmcg Investments LLC

Lmcg Investments LLC bought a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 65,653 shares of the company’s stock, valued at approximately $8,243,000. Lmcg Investments LLC owned 0.12% of e.l.f. Beauty as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Edgestream Partners L.P. purchased a new stake in e.l.f. Beauty in the 2nd quarter valued at about $214,000. Hsbc Holdings PLC grew its position in shares of e.l.f. Beauty by 263.2% during the 2nd quarter. Hsbc Holdings PLC now owns 7,405 shares of the company’s stock valued at $1,559,000 after buying an additional 5,366 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of e.l.f. Beauty in the 2nd quarter worth approximately $6,659,000. AE Wealth Management LLC acquired a new stake in e.l.f. Beauty in the second quarter worth about $343,000. Finally, Pacer Advisors Inc. boosted its stake in e.l.f. Beauty by 8.1% during the 2nd quarter. Pacer Advisors Inc. now owns 12,443 shares of the company’s stock valued at $2,622,000 after purchasing an additional 932 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus cut their price target on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a report on Thursday, November 7th. Bank of America lowered their price objective on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Canaccord Genuity Group dropped their price objective on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. DA Davidson reissued a “buy” rating and issued a $170.00 target price on shares of e.l.f. Beauty in a research note on Thursday, December 19th. Finally, Morgan Stanley upgraded 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 report on Monday, January 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.06.

Insider Buying and Selling

In other news, insider Scott Milsten sold 530 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 value of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Maureen C. Watson sold 785 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now owns 1,888 shares in the company, valued at approximately $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock valued at $297,442 over the last 90 days. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $127.17 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 68.74, a P/E/G ratio of 2.21 and a beta of 1.50. e.l.f. Beauty, Inc. has a fifty-two week low of $98.50 and a fifty-two week high of $221.83. The firm has a fifty day moving average price of $129.27 and a 200 day moving average price of $136.48.

e.l.f. Beauty (NYSE:ELF) last released 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 business had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. During the same quarter last year, the firm posted $0.66 earnings per share. The business’s revenue was up 39.7% compared to the same quarter last year. As a group, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.79 earnings per share for the current fiscal year.

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.