2,267 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC bought a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the 4th quarter, Holdings Channel.com reports. The fund bought 2,267 shares of the company’s stock, valued at approximately $285,000.

Several other hedge funds have also recently added to or reduced their stakes in ELF. Wilmington Savings Fund Society FSB acquired a new stake in shares of e.l.f. Beauty in the third quarter valued at approximately $25,000. Planning Capital Management Corp lifted its stake in e.l.f. Beauty by 1,855.0% in the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after buying an additional 371 shares in the last quarter. Peterson Financial Group Inc. purchased a new stake in e.l.f. Beauty in the 3rd quarter valued at approximately $45,000. Financial Life Planners acquired a new stake in e.l.f. Beauty during the 4th quarter valued at $46,000. Finally, Blue Trust Inc. increased its position in e.l.f. Beauty by 2,357.1% during the third quarter. Blue Trust Inc. now owns 516 shares of the company’s stock worth $56,000 after buying an additional 495 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ELF shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $70.00 price objective (down previously from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. The Goldman Sachs Group decreased their price target on shares of 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. JPMorgan Chase & Co. lifted 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 report on Thursday, January 16th. B. Riley reissued 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They issued a “hold” rating and a $133.00 target price for the company. Five 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $134.00.

Insiders Place Their Bets

In related news, Director Maureen C. Watson sold 785 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. This trade represents a 29.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tarang Amin sold 890 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the transaction, the chief executive officer now owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock worth $297,442 over the last ninety days. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Price Performance

ELF stock opened at $71.01 on Friday. The company has a market cap of $4.00 billion, a PE ratio of 42.02, a price-to-earnings-growth ratio of 6.87 and a beta of 1.47. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $112.70 and a two-hundred day moving average price of $122.09. e.l.f. Beauty, Inc. has a 12-month low of $63.50 and a 12-month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its 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 return on equity of 16.88% and a net margin of 7.55%. As a group, research analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current 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.