Proficio Capital Partners LLC Buys Shares of 19,586 e.l.f. Beauty, Inc. (NYSE:ELF)

Proficio Capital Partners LLC purchased a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 19,586 shares of the company’s stock, valued at approximately $2,459,000.

Other hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in e.l.f. Beauty during the 3rd quarter worth $25,000. Kestra Investment Management LLC acquired a new position in shares of e.l.f. Beauty during the fourth quarter valued at $32,000. Financial Life Planners bought a new position in shares of e.l.f. Beauty during the fourth quarter worth about $46,000. First Horizon Advisors Inc. increased its holdings in shares of e.l.f. Beauty by 70.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 559 shares of the company’s stock worth $61,000 after acquiring an additional 231 shares during the period. Finally, Quarry LP bought a new stake in e.l.f. Beauty in the 3rd quarter valued at about $62,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Down 3.8 %

ELF stock opened at $63.64 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The company has a 50-day moving average of $89.54 and a two-hundred day moving average of $109.36. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 37.65, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60. 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 announced its quarterly earnings data on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates 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%. As a group, equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Insiders Place Their Bets

In other news, Director Maureen C. Watson sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the sale, the director now owns 1,888 shares of the company’s stock, valued at approximately $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Canaccord Genuity Group decreased their target price 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. Deutsche Bank Aktiengesellschaft assumed coverage on e.l.f. Beauty in a report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price objective for the company. Piper Sandler cut their target price on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. DA Davidson decreased their price target on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Stifel Nicolaus cut their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Five 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.