7,375 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Acquired by Legato Capital Management LLC

Legato Capital Management LLC acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,375 shares of the company’s stock, valued at approximately $926,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in e.l.f. Beauty during the 3rd quarter worth $25,000. Financial Life Planners bought a new position in e.l.f. Beauty during the 4th quarter worth $46,000. Planning Capital Management Corp increased its stake 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 worth $43,000 after acquiring an additional 371 shares during the period. nVerses Capital LLC bought a new position in e.l.f. Beauty during the 3rd quarter worth $44,000. Finally, Peterson Financial Group Inc. bought a new position in e.l.f. Beauty during the 3rd quarter worth $45,000. Institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. B. Riley restated a “buy” rating and set a $90.00 price objective (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. DA Davidson lowered e.l.f. Beauty from a “buy” rating to a “neutral” rating and decreased their price target for the company from $170.00 to $80.00 in a research note on Friday, February 7th. JPMorgan Chase & Co. lifted their price target on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. The Goldman Sachs Group decreased their price target on e.l.f. Beauty from $165.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Finally, Truist Financial lifted their price target on e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.00.

e.l.f. Beauty Trading Down 0.3 %

NYSE ELF opened at $74.83 on Friday. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 44.28, a price-to-earnings-growth ratio of 1.54 and a beta of 1.47. e.l.f. Beauty, Inc. has a twelve month low of $63.50 and a twelve month high of $221.83. The business’s fifty day moving average is $119.12 and its 200 day moving average is $125.47. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 17.35% and a net margin of 7.55%. As a group, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other e.l.f. Beauty news, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the transaction, the insider now directly owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the transaction, the director now directly owns 1,888 shares in the company, valued at $245,440. This represents a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is currently owned by company insiders.

e.l.f. Beauty 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.