e.l.f. Beauty, Inc. (NYSE:ELF) Stock Position Reduced by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,391 shares of the company’s stock after selling 178 shares during the period. Victory Capital Management Inc.’s holdings in e.l.f. Beauty were worth $1,305,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Keybank National Association OH bought a new stake in shares of e.l.f. Beauty in the 4th quarter worth approximately $413,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of e.l.f. Beauty by 157.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,805 shares of the company’s stock worth $352,000 after purchasing an additional 1,717 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of e.l.f. Beauty in the 4th quarter worth approximately $102,000. Jones Financial Companies Lllp lifted its holdings in shares of e.l.f. Beauty by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 4,416 shares of the company’s stock worth $554,000 after purchasing an additional 1,079 shares during the last quarter. Finally, Norden Group LLC lifted its holdings in shares of e.l.f. Beauty by 13.9% in the 4th quarter. Norden Group LLC now owns 8,054 shares of the company’s stock worth $1,011,000 after purchasing an additional 985 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Insider Buying and Selling

In other news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction on Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the transaction, the director now owns 1,888 shares in the company, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF opened at $63.64 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 37.65, a PEG ratio of 6.76 and a beta of 1.60. The stock’s fifty day simple moving average is $89.54 and its 200 day simple moving average is $109.36. e.l.f. Beauty, Inc. has a 52-week low of $61.90 and a 52-week high of $219.77.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. As a group, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Canaccord Genuity Group cut their price target on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, February 7th. UBS Group reaffirmed a “neutral” rating and set a $74.00 target price (down previously from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft initiated coverage on e.l.f. Beauty in a research note on Thursday, December 12th. They set a “hold” rating and a $133.00 target price on the stock. Truist Financial lifted their target price on e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, DA Davidson cut their target price on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus target price of $132.65.

About e.l.f. Beauty

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.