Trillium Asset Management LLC Invests $3.35 Million in e.l.f. Beauty, Inc. (NYSE:ELF)

Trillium Asset Management LLC bought a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 26,641 shares of the company’s stock, valued at approximately $3,345,000.

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

e.l.f. Beauty Trading Down 0.1 %

NYSE:ELF opened at $63.56 on Thursday. e.l.f. Beauty, Inc. has a 1 year low of $61.90 and a 1 year high of $219.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The stock has a fifty day moving average price of $88.26 and a two-hundred day moving average price of $109.04. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 6.76 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data 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 16.88%. As a group, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. DA Davidson decreased their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Monday. JPMorgan Chase & Co. increased their price target on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Stifel Nicolaus dropped their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Raymond James reduced their target price on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a report on Friday, February 7th. Finally, B. Riley reissued a “buy” rating and set a $90.00 price target (down previously from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.65.

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

In related news, Director Maureen C. Watson sold 4,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 1,888 shares in the company, valued at $127,232.32. This represents a 67.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.50% of the stock is currently owned by corporate 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.