Alberta Investment Management Corp Grows Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Alberta Investment Management Corp boosted its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 23.2% in the fourth quarter, HoldingsChannel reports. The fund owned 23,748 shares of the company’s stock after acquiring an additional 4,466 shares during the period. Alberta Investment Management Corp’s holdings in e.l.f. Beauty were worth $2,982,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in shares of e.l.f. Beauty during the third quarter valued at approximately $25,000. Kestra Investment Management LLC purchased a new stake in shares of e.l.f. Beauty in the 4th quarter worth approximately $32,000. Planning Capital Management Corp increased 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 valued at $43,000 after buying an additional 371 shares in the last quarter. Peterson Financial Group Inc. purchased a new position in e.l.f. Beauty during the third quarter valued at $45,000. Finally, Financial Life Planners bought a new stake in e.l.f. Beauty in the fourth quarter worth $46,000. Institutional investors own 92.44% of the company’s stock.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the sale, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the sale, the insider now owns 68,853 shares in the company, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,205 shares of company stock worth $297,442. Company insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Down 2.9 %

ELF stock opened at $71.01 on Friday. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 42.02, a P/E/G ratio of 6.87 and a beta of 1.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The business’s 50-day moving average is $112.70 and its two-hundred day moving average is $122.09. e.l.f. Beauty, Inc. has a fifty-two week low of $63.50 and a fifty-two week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data 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, analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Wall Street Analyst Weigh In

ELF has been the subject of several analyst reports. Truist Financial raised their price target on e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Raymond James reduced their price objective on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research note on Friday, February 7th. Piper Sandler dropped their target price on shares of 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. Morgan Stanley reissued an “equal weight” rating and set a $70.00 price target (down previously from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, B. Riley reaffirmed a “buy” rating and issued a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. 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. Based on data from MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus target price of $134.00.

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.