Wisconsin Capital Management LLC Reduces Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Wisconsin Capital Management LLC lowered its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 17.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,273 shares of the company’s stock after selling 3,852 shares during the period. e.l.f. Beauty accounts for approximately 1.0% of Wisconsin Capital Management LLC’s holdings, making the stock its 29th biggest holding. Wisconsin Capital Management LLC’s holdings in e.l.f. Beauty were worth $1,992,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. HMS Capital Management LLC lifted its position in e.l.f. Beauty by 15.6% during the 3rd quarter. HMS Capital Management LLC now owns 3,713 shares of the company’s stock valued at $405,000 after acquiring an additional 500 shares during the period. Van ECK Associates Corp boosted its position in shares of e.l.f. Beauty by 41.0% in the 3rd quarter. Van ECK Associates Corp now owns 37,588 shares of the company’s stock worth $3,968,000 after purchasing an additional 10,929 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of e.l.f. Beauty in the 3rd quarter worth approximately $1,526,000. Silvant Capital Management LLC increased its position in e.l.f. Beauty by 68.0% during the 3rd quarter. Silvant Capital Management LLC now owns 7,997 shares of the company’s stock valued at $872,000 after buying an additional 3,236 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in e.l.f. Beauty by 26.9% during the third quarter. Farther Finance Advisors LLC now owns 2,664 shares of the company’s stock valued at $291,000 after buying an additional 564 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $107.18 on Wednesday. The business has a 50-day moving average price of $114.72 and a 200-day moving average price of $156.82. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 51.04, a price-to-earnings-growth ratio of 2.15 and a beta of 1.44. e.l.f. Beauty, Inc. has a twelve month low of $92.16 and a twelve month high of $221.83. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.67 by $0.20. The firm had revenue of $324.48 million for the quarter, compared to the consensus estimate of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. As a group, equities research analysts predict that e.l.f. Beauty, Inc. will post 2.88 EPS for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the transaction, the chief executive officer now owns 106,016 shares in the company, valued at approximately $14,465,883.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ELF. DA Davidson reissued a “buy” rating and issued a $223.00 target price on shares of e.l.f. Beauty in a research note on Tuesday, October 29th. Stifel Nicolaus reduced their price objective on shares of e.l.f. Beauty from $161.00 to $131.00 and set a “hold” rating for the company in a research note on Thursday, October 24th. Robert W. Baird decreased their target price on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 21st. TD Cowen cut their price target on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Finally, Piper Sandler lowered their price objective on e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $183.80.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.