Brooklyn FI LLC Makes New $6.66 Million Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

Brooklyn FI LLC bought a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 50,409 shares of the company’s stock, valued at approximately $6,655,000. Brooklyn FI LLC owned 0.09% of e.l.f. Beauty as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in e.l.f. Beauty during the third quarter worth about $25,000. Promus Capital LLC acquired a new stake in shares of e.l.f. Beauty in the fourth quarter valued at approximately $31,000. Kestra Investment Management LLC bought a new position in shares of e.l.f. Beauty during the 4th quarter worth approximately $32,000. Financial Life Planners acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth approximately $46,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of e.l.f. Beauty by 70.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 559 shares of the company’s stock worth $61,000 after acquiring an additional 231 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. 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. JPMorgan Chase & Co. increased their target price on shares of 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. Canaccord Genuity Group dropped their price target on shares of 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. Raymond James reduced their price target on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research report on Friday, February 7th. Finally, DA Davidson lowered their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $132.65.

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

In other news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the transaction, the director now directly owns 1,888 shares in the company, valued at approximately $127,232.32. This represents a 67.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $63.64 on Wednesday. e.l.f. Beauty, Inc. has a twelve month low of $61.90 and a twelve month high of $219.77. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The stock’s 50-day simple moving average is $89.54 and its 200 day simple moving average is $109.36. The firm has a market capitalization of $3.59 billion, a PE ratio of 37.65, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates 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%. On average, analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

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.