e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,592 shares of the company’s stock after selling 457 shares during the period. Amalgamated Bank owned approximately 0.05% of e.l.f. Beauty worth $6,025,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ELF. Guidance Capital Inc. raised its holdings in shares of e.l.f. Beauty by 1.6% during the 4th quarter. Guidance Capital Inc. now owns 3,510 shares of the company’s stock valued at $490,000 after buying an additional 56 shares during the period. Picton Mahoney Asset Management raised its stake in shares of e.l.f. Beauty by 3.2% during the second quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock valued at $512,000 after purchasing an additional 75 shares during the period. Hanseatic Management Services Inc. lifted its position in shares of e.l.f. Beauty by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock worth $950,000 after purchasing an additional 77 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of e.l.f. Beauty by 33.2% in the first quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock valued at $69,000 after purchasing an additional 88 shares during the period. Finally, American International Group Inc. grew its holdings in e.l.f. Beauty by 0.3% during the 4th quarter. American International Group Inc. now owns 29,435 shares of the company’s stock valued at $4,249,000 after purchasing an additional 90 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other e.l.f. Beauty news, CEO Tarang Amin sold 15,386 shares of the business’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the completion of the transaction, the chief executive officer now owns 171,329 shares in the company, valued at approximately $34,411,429.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the sale, the senior vice president now directly owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tarang Amin sold 15,386 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the completion of the transaction, the chief executive officer now directly owns 171,329 shares in the company, valued at approximately $34,411,429.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,304 shares of company stock valued at $3,864,492. Insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ELF. Stifel Nicolaus upped their price objective on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. Truist Financial increased their price target on e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. UBS Group dropped their price objective on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Baird R W upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. Finally, Robert W. Baird lifted their price target on shares of e.l.f. Beauty from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $198.80.

e.l.f. Beauty Price Performance

Shares of ELF opened at $112.89 on Friday. e.l.f. Beauty, Inc. has a 12 month low of $88.47 and a 12 month high of $221.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. The stock has a fifty day moving average price of $153.71 and a 200 day moving average price of $174.58. The company has a market cap of $6.31 billion, a P/E ratio of 50.85, a PEG ratio of 2.37 and a beta of 1.45.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. The business had revenue of $324.48 million for the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. On average, research analysts forecast that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current year.

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.