Yousif Capital Management LLC Has $4.07 Million Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Yousif Capital Management LLC trimmed its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,163 shares of the company’s stock after selling 118 shares during the period. Yousif Capital Management LLC’s holdings in e.l.f. Beauty were worth $4,065,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State of Alaska Department of Revenue increased its holdings in e.l.f. Beauty by 0.3% during the 4th quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock valued at $4,906,000 after purchasing an additional 85 shares in the last quarter. GPS Wealth Strategies Group LLC increased its stake in shares of e.l.f. Beauty by 66.4% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock valued at $35,000 after buying an additional 97 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of e.l.f. Beauty by 1.2% in the 4th quarter. Mutual of America Capital Management LLC now owns 9,661 shares of the company’s stock valued at $1,394,000 after buying an additional 117 shares during the period. Xponance Inc. increased its stake in shares of e.l.f. Beauty by 4.9% in the 4th quarter. Xponance Inc. now owns 3,290 shares of the company’s stock valued at $475,000 after buying an additional 155 shares during the period. Finally, Armstrong Advisory Group Inc. increased its stake in shares of e.l.f. Beauty by 390.2% in the 4th quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock valued at $29,000 after buying an additional 160 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock opened at $179.56 on Friday. The firm has a market cap of $9.97 billion, a price-to-earnings ratio of 79.45, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57. The stock’s 50-day moving average is $186.57 and its 200-day moving average is $151.51. e.l.f. Beauty, Inc. has a one year low of $83.80 and a one year high of $221.83. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. The company had revenue of $270.94 million for the quarter, compared to analyst estimates of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. Equities analysts predict that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ELF has been the subject of several research reports. Piper Sandler lifted their target price on e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Bank of America raised their price target on e.l.f. Beauty from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Stifel Nicolaus raised their price target on e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Robert W. Baird initiated coverage on e.l.f. Beauty in a research report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 price target on the stock. Finally, Morgan Stanley raised their price target on e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $184.33.

Insider Activity

In other news, SVP Joshua Allen Franks sold 727 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $165.16, for a total value of $120,071.32. Following the sale, the senior vice president now directly owns 83,736 shares in the company, valued at $13,829,837.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Mandy J. Fields sold 1,250 shares of e.l.f. Beauty stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $174.90, for a total value of $218,625.00. Following the sale, the insider now owns 77,146 shares of the company’s stock, valued at $13,492,835.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Joshua Allen Franks sold 727 shares of e.l.f. Beauty stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $165.16, for a total value of $120,071.32. Following the completion of the sale, the senior vice president now directly owns 83,736 shares in the company, valued at approximately $13,829,837.76. The disclosure for this sale can be found here. Insiders have sold a total of 178,081 shares of company stock worth $30,457,064 over the last three months. Corporate insiders own 5.20% of the company’s stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.