e.l.f. Beauty, Inc. (NYSE:ELF) Short Interest Down 12.8% in January

e.l.f. Beauty, Inc. (NYSE:ELF) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 5,770,000 shares, a decline of 12.8% from the January 15th total of 6,620,000 shares. Based on an average trading volume of 2,820,000 shares, the days-to-cover ratio is currently 2.0 days.

Wall Street Analyst Weigh In

ELF has been the subject of a number of recent analyst reports. Canaccord Genuity Group cut their price objective on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Robert W. Baird dropped their price target on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. JPMorgan Chase & Co. boosted their price target on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Jefferies Financial Group dropped their price target on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, B. Riley reiterated a “buy” rating and set a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Five equities 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 stock. According to data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.00.

e.l.f. Beauty Trading Down 1.0 %

Shares of e.l.f. Beauty stock traded down $0.72 during trading hours on Tuesday, hitting $72.28. The company’s stock had a trading volume of 3,569,406 shares, compared to its average volume of 3,344,323. e.l.f. Beauty has a twelve month low of $63.50 and a twelve month high of $221.83. The firm has a fifty day moving average of $115.31 and a 200-day moving average of $123.09. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 42.77, a P/E/G ratio of 1.54 and a beta of 1.47. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly 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 net margin of 7.55% and a return on equity of 17.35%. Research analysts forecast that e.l.f. Beauty will post 2.8 EPS for the current year.

Insider Buying and Selling at e.l.f. Beauty

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

Hedge Funds Weigh In On e.l.f. Beauty

Several large investors have recently modified their holdings of the business. Robbins Farley lifted its stake in e.l.f. Beauty by 27.1% during the 4th quarter. Robbins Farley now owns 34,396 shares of the company’s stock worth $4,318,000 after acquiring an additional 7,335 shares in the last quarter. Pacer Advisors Inc. lifted its stake in e.l.f. Beauty by 43.4% during the 4th quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock worth $1,482,000 after acquiring an additional 3,572 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in e.l.f. Beauty by 1,380.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock worth $1,775,000 after acquiring an additional 15,184 shares in the last quarter. Ibex Wealth Advisors acquired a new position in e.l.f. Beauty during the 4th quarter worth about $5,519,000. Finally, Capricorn Fund Managers Ltd acquired a new position in e.l.f. Beauty during the 4th quarter worth about $7,118,000. Institutional investors and hedge funds own 92.44% 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.