Aigen Investment Management LP lessened its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF – Free Report) by 72.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,283 shares of the company’s stock after selling 5,916 shares during the quarter. Aigen Investment Management LP’s holdings in e.l.f. Beauty were worth $287,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its holdings in e.l.f. Beauty by 3.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock valued at $361,000 after buying an additional 91 shares in the last quarter. Truist Financial Corp grew its holdings in e.l.f. Beauty by 1.3% during the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock valued at $990,000 after buying an additional 102 shares in the last quarter. Atria Wealth Solutions Inc. grew its holdings in e.l.f. Beauty by 7.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock valued at $262,000 after buying an additional 150 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in e.l.f. Beauty by 84.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company’s stock valued at $54,000 after buying an additional 197 shares in the last quarter. Finally, Independent Advisor Alliance grew its holdings in e.l.f. Beauty by 7.5% during the 3rd quarter. Independent Advisor Alliance now owns 2,983 shares of the company’s stock valued at $325,000 after buying an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.
e.l.f. Beauty Stock Performance
Shares of ELF stock opened at $70.75 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. e.l.f. Beauty, Inc. has a fifty-two week low of $61.90 and a fifty-two week high of $219.77. The stock has a 50 day moving average price of $97.69 and a two-hundred day moving average price of $114.18. The company has a market capitalization of $3.99 billion, a P/E ratio of 41.87, a PEG ratio of 6.76 and a beta of 1.60.
Wall Street Analysts Forecast Growth
ELF has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Piper Sandler cut their price objective on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. The Goldman Sachs Group cut their price objective on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a report on Friday, February 21st. DA Davidson reissued a “neutral” rating and set a $80.00 price objective on shares of e.l.f. Beauty in a report on Tuesday, February 18th. Finally, Raymond James cut their price objective on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a report on Friday, February 7th. 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. According to data from MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and an average target price of $132.94.
Read Our Latest Research Report on e.l.f. Beauty
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.
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