Aubrey Capital Management Ltd Invests $552,000 in e.l.f. Beauty, Inc. (NYSE:ELF)

Aubrey Capital Management Ltd bought a new position in e.l.f. Beauty, Inc. (NYSE:ELF) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 4,404 shares of the company’s stock, valued at approximately $552,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Robbins Farley lifted its position in e.l.f. Beauty by 27.1% during the 4th quarter. Robbins Farley now owns 34,396 shares of the company’s stock valued at $4,318,000 after acquiring an additional 7,335 shares during the period. Pacer Advisors Inc. increased 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 valued at $1,482,000 after purchasing an additional 3,572 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased 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 valued at $1,775,000 after purchasing an additional 15,184 shares in the last quarter. Ibex Wealth Advisors bought a new stake in e.l.f. Beauty during the 4th quarter valued at about $5,519,000. Finally, Capricorn Fund Managers Ltd bought a new stake in e.l.f. Beauty during the 4th quarter valued at about $7,118,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Price Performance

ELF stock opened at $71.12 on Monday. e.l.f. Beauty, Inc. has a one year low of $63.50 and a one year high of $221.83. The company’s fifty day moving average price is $122.50 and its 200-day moving average price is $127.58. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The company has a market capitalization of $4.01 billion, a PE ratio of 42.08, a price-to-earnings-growth ratio of 1.54 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) 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 17.35%. On average, equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Analysts Set New Price Targets

ELF has been the subject of a number of analyst reports. DA Davidson lowered shares of e.l.f. Beauty from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $170.00 to $80.00 in a research note on Friday. Stifel Nicolaus reduced their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. UBS Group reiterated a “neutral” rating and issued a $74.00 price target (down from $158.00) on shares of e.l.f. Beauty in a research note on Friday. Piper Sandler reduced their price target on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $134.00.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the transaction, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Scott Milsten sold 530 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the transaction, the insider now owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock valued at $297,442 over the last 90 days. 3.50% of the stock is owned by corporate insiders.

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.