Aigen Investment Management LP Trims Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Aigen Investment Management LP lessened its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) 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.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share 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%. Analysts expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

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.

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.