F M Investments LLC Buys Shares of 1,555 e.l.f. Beauty, Inc. (NYSE:ELF)

F M Investments LLC bought a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,555 shares of the company’s stock, valued at approximately $224,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in shares of e.l.f. Beauty by 235.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company’s stock worth $265,196,000 after acquiring an additional 1,695,585 shares during the last quarter. Invesco Ltd. lifted its holdings in e.l.f. Beauty by 15.3% during the 3rd quarter. Invesco Ltd. now owns 1,497,707 shares of the company’s stock worth $164,493,000 after buying an additional 198,235 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in e.l.f. Beauty by 58.2% during the 3rd quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock worth $156,427,000 after buying an additional 523,903 shares in the last quarter. FMR LLC lifted its holdings in e.l.f. Beauty by 641.2% during the 3rd quarter. FMR LLC now owns 832,404 shares of the company’s stock worth $91,423,000 after buying an additional 720,098 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in e.l.f. Beauty by 52.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 607,359 shares of the company’s stock worth $66,706,000 after buying an additional 208,263 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Joshua Allen Franks sold 727 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $165.16, for a total transaction of $120,071.32. Following the completion of the sale, the senior vice president now owns 83,736 shares in the company, valued at approximately $13,829,837.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Kory Marchisotto sold 29,408 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $166.40, for a total value of $4,893,491.20. Following the completion of the sale, the insider now owns 156,969 shares in the company, valued at approximately $26,119,641.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joshua Allen Franks sold 727 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the completion of the sale, the senior vice president now owns 83,736 shares of the company’s stock, valued at approximately $13,829,837.76. The disclosure for this sale can be found here. Insiders sold a total of 164,325 shares of company stock worth $28,081,154 in the last 90 days. Company insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. DA Davidson reiterated a “buy” rating and set a $220.00 target price on shares of e.l.f. Beauty in a report on Monday, April 8th. Piper Sandler increased their price objective on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Raymond James increased their price objective on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. Bank of America increased their price objective on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, StockNews.com downgraded shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $184.33.

e.l.f. Beauty Stock Up 9.6 %

Shares of NYSE ELF traded up $15.52 during mid-day trading on Tuesday, reaching $176.98. The company had a trading volume of 2,510,254 shares, compared to its average volume of 1,576,184. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The firm has a 50 day simple moving average of $186.24 and a two-hundred day simple moving average of $150.60. The stock has a market cap of $9.82 billion, a P/E ratio of 78.31, a PEG ratio of 1.47 and a beta of 1.57. e.l.f. Beauty, Inc. has a 52-week low of $83.80 and a 52-week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. The firm had revenue of $270.94 million for the quarter, compared to the consensus estimate of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. Sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.5 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.