Sanctuary Advisors LLC Reduces Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Sanctuary Advisors LLC decreased its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 3.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,731 shares of the company’s stock after selling 250 shares during the period. Sanctuary Advisors LLC’s holdings in e.l.f. Beauty were worth $845,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of e.l.f. Beauty during the third quarter valued at $25,000. Planning Capital Management Corp lifted its position in e.l.f. Beauty by 1,855.0% during the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after acquiring an additional 371 shares during the period. Peterson Financial Group Inc. purchased a new stake in e.l.f. Beauty during the 3rd quarter valued at about $45,000. Financial Life Planners purchased a new stake in e.l.f. Beauty in the fourth quarter valued at approximately $46,000. Finally, Blue Trust Inc. increased its holdings in e.l.f. Beauty by 2,357.1% in the 3rd quarter. Blue Trust Inc. now owns 516 shares of the company’s stock worth $56,000 after buying an additional 495 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

ELF has been the subject of several research reports. B. Riley restated a “buy” rating and set a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Piper Sandler decreased their target price on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. The Goldman Sachs Group lowered their target price on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Morgan Stanley reiterated an “equal weight” rating and set a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. upped their price objective on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.94.

e.l.f. Beauty Trading Down 2.5 %

ELF stock opened at $69.99 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 12-month low of $63.50 and a 12-month high of $221.83. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 41.41, a PEG ratio of 6.76 and a beta of 1.47. The business’s 50-day moving average is $105.34 and its 200 day moving average is $118.09.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results 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 return on equity of 16.88% and a net margin of 7.55%. On average, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Insider Transactions at e.l.f. Beauty

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 transaction of $72,928.00. Following the transaction, the insider now owns 68,853 shares in the company, valued at $9,474,172.80. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the transaction, the chief executive officer now directly owns 99,699 shares in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

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.