e.l.f. Beauty, Inc. (NYSE:ELF) Stock Holdings Decreased by Intact Investment Management Inc.

Intact Investment Management Inc. decreased its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 11.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,300 shares of the company’s stock after selling 290 shares during the period. Intact Investment Management Inc.’s holdings in e.l.f. Beauty were worth $251,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new position in e.l.f. Beauty in the second quarter worth $26,000. Matrix Trust Co bought a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at about $27,000. Innealta Capital LLC bought a new position in e.l.f. Beauty in the second quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. boosted its stake in e.l.f. Beauty by 405.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after acquiring an additional 138 shares during the period. Finally, Crewe Advisors LLC grew its holdings in shares of e.l.f. Beauty by 456.3% during the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock valued at $38,000 after purchasing an additional 146 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Baird R W upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 18th. Robert W. Baird lowered their price target on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. JPMorgan Chase & Co. cut their price objective on shares of e.l.f. Beauty from $207.00 to $167.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Morgan Stanley reduced their target price on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research note on Monday, September 30th. Finally, Truist Financial dropped their price target on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $183.80.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF opened at $107.18 on Wednesday. e.l.f. Beauty, Inc. has a 1 year low of $92.16 and a 1 year high of $221.83. The firm has a market cap of $6.04 billion, a P/E ratio of 51.04, a PEG ratio of 2.15 and a beta of 1.44. The stock has a fifty day moving average price of $114.72 and a two-hundred day moving average price of $156.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.20. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. The business had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. Research analysts forecast that e.l.f. Beauty, Inc. will post 2.88 EPS for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,528 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the sale, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at $14,465,883.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.50% 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.