e.l.f. Beauty, Inc. (NYSE:ELF) Position Trimmed by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. decreased its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 13.3% during the second quarter, Holdings Channel.com reports. The firm owned 15,306 shares of the company’s stock after selling 2,339 shares during the period. Ameritas Investment Partners Inc.’s holdings in e.l.f. Beauty were worth $3,225,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new position in e.l.f. Beauty in the 2nd quarter valued at approximately $26,000. Matrix Trust Co purchased a new position in shares of e.l.f. Beauty during the 2nd quarter valued at $27,000. Innealta Capital LLC purchased a new position in shares of e.l.f. Beauty during the 2nd quarter valued at $30,000. Harbor Investment Advisory LLC acquired a new position in shares of e.l.f. Beauty in the first quarter worth $31,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after acquiring an additional 138 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 548 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00. Following the completion of the transaction, the chief executive officer now directly owns 214,507 shares in the company, valued at approximately $37,538,725. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the sale, the senior vice president now directly owns 71,986 shares in the company, valued at $14,489,342.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Tarang Amin sold 548 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the transaction, the chief executive officer now directly owns 214,507 shares of the company’s stock, valued at $37,538,725. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,304 shares of company stock worth $3,864,492. Insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. UBS Group lowered their target price on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered their price target on e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. TD Cowen cut their price objective on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. B. Riley assumed coverage on shares of e.l.f. Beauty in a research report on Tuesday, September 10th. They issued a “buy” rating and a $175.00 target price for the company. Finally, Piper Sandler dropped their price target on shares of e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $198.80.

e.l.f. Beauty Trading Down 1.5 %

Shares of NYSE:ELF opened at $112.91 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. The stock’s 50-day moving average is $153.71 and its 200-day moving average is $174.39. The company has a market cap of $6.32 billion, a P/E ratio of 50.86, a P/E/G ratio of 2.37 and a beta of 1.44. e.l.f. Beauty, Inc. has a 52-week low of $88.47 and a 52-week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. The firm had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. Equities research analysts predict 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.