SG Americas Securities LLC Lowers Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

SG Americas Securities LLC lowered its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 84.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 912 shares of the company’s stock after selling 5,034 shares during the quarter. SG Americas Securities LLC’s holdings in e.l.f. Beauty were worth $115,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ELF. Wilmington Savings Fund Society FSB acquired a new stake in e.l.f. Beauty in the third quarter valued at about $25,000. Planning Capital Management Corp lifted its position in e.l.f. Beauty by 1,855.0% in the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after purchasing an additional 371 shares during the period. nVerses Capital LLC acquired a new stake in e.l.f. Beauty in the third quarter valued at about $44,000. Peterson Financial Group Inc. acquired a new stake in e.l.f. Beauty in the third quarter valued at about $45,000. Finally, Blue Trust Inc. lifted its position in e.l.f. Beauty by 2,357.1% in the third quarter. Blue Trust Inc. now owns 516 shares of the company’s stock valued at $56,000 after purchasing an additional 495 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insiders Place Their Bets

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction that occurred 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 directly owns 1,888 shares of the company’s stock, valued at approximately $245,440. The trade was a 29.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction 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 $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,205 shares of company stock valued at $297,442. Company insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ELF shares. UBS Group restated a “neutral” rating and issued a $74.00 price objective (down previously from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. The Goldman Sachs Group reduced their price objective on shares of e.l.f. Beauty from $165.00 to $142.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Canaccord Genuity Group reduced their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Raymond James reduced their price target on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research report on Friday, February 7th. Finally, Stifel Nicolaus reduced their price target on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Five research 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 company’s stock. According to data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $134.00.

e.l.f. Beauty Trading Up 4.2 %

Shares of ELF opened at $76.95 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $121.36 and a 200-day simple moving average of $126.57. e.l.f. Beauty, Inc. has a 1-year low of $63.50 and a 1-year high of $221.83. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 45.53, a price-to-earnings-growth ratio of 1.54 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 17.35% and a net margin of 7.55%. Equities analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS 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.