1,600 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Acquired by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd bought a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,600 shares of the company’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ELF. Wilmington Savings Fund Society FSB acquired a new stake in e.l.f. Beauty during the 3rd quarter worth approximately $25,000. Promus Capital LLC acquired a new stake in e.l.f. Beauty during the 4th quarter worth approximately $31,000. Kestra Investment Management LLC acquired a new stake in e.l.f. Beauty during the 4th quarter worth approximately $32,000. Peterson Financial Group Inc. acquired a new stake in e.l.f. Beauty during the 3rd quarter worth approximately $45,000. Finally, Financial Life Planners acquired a new stake in e.l.f. Beauty during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ELF. Stifel Nicolaus reduced their target price on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Morgan Stanley reissued an “equal weight” rating and set a $70.00 target price (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Truist Financial boosted their target price on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Canaccord Genuity Group reduced their target price on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Finally, DA Davidson reissued a “neutral” rating and set a $80.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, February 18th. 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 company. According to data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus target price of $132.94.

e.l.f. Beauty Stock Up 8.7 %

ELF stock opened at $68.43 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. e.l.f. Beauty, Inc. has a 1-year low of $61.90 and a 1-year high of $219.77. The firm has a fifty day moving average price of $92.02 and a two-hundred day moving average price of $110.56. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 40.49, a PEG ratio of 6.76 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate 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%. Research analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 4,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 1,888 shares in the company, valued at approximately $127,232.32. This represents a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Company Profile

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.