Wisconsin Capital Management LLC Sells 3,852 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Wisconsin Capital Management LLC lowered its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 17.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 18,273 shares of the company’s stock after selling 3,852 shares during the period. e.l.f. Beauty accounts for approximately 1.0% of Wisconsin Capital Management LLC’s holdings, making the stock its 29th largest position. Wisconsin Capital Management LLC’s holdings in e.l.f. Beauty were worth $1,992,000 at the end of the most recent quarter.

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

Insider Activity

In related news, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the sale, the chief executive officer now directly owns 106,016 shares in the company, valued at approximately $14,465,883.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $107.18 on Wednesday. The company has a market capitalization of $6.04 billion, a PE ratio of 51.04, a PEG ratio of 2.15 and a beta of 1.44. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average price is $114.72 and its 200-day moving average price is $156.82. e.l.f. Beauty, Inc. has a twelve month low of $92.16 and a twelve month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.20. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. The company had revenue of $324.48 million during the quarter, compared to analyst estimates of $303.60 million. On average, equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.88 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Piper Sandler dropped their target price on shares of e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. UBS Group reduced their price target on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Truist Financial lowered their target price on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. B. Riley began coverage on shares of e.l.f. Beauty in a report on Tuesday, September 10th. They set a “buy” rating and a $175.00 price target for the company. Finally, 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average price target of $183.80.

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.