Robbins Farley Has $4.32 Million Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Robbins Farley grew its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 27.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,396 shares of the company’s stock after buying an additional 7,335 shares during the period. e.l.f. Beauty makes up 2.1% of Robbins Farley’s portfolio, making the stock its 21st largest position. Robbins Farley’s holdings in e.l.f. Beauty were worth $4,318,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ELF. Baillie Gifford & Co. grew its stake in e.l.f. Beauty by 39.5% in the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after acquiring an additional 1,501,151 shares during the period. State Street Corp lifted its holdings in shares of e.l.f. Beauty by 3.7% during the 3rd quarter. State Street Corp now owns 1,665,203 shares of the company’s stock valued at $181,557,000 after purchasing an additional 59,248 shares in the last quarter. FMR LLC grew its position in shares of e.l.f. Beauty by 5.5% in the 3rd quarter. FMR LLC now owns 1,186,766 shares of the company’s stock valued at $129,393,000 after purchasing an additional 61,524 shares during the period. Champlain Investment Partners LLC bought a new stake in e.l.f. Beauty during the 3rd quarter worth approximately $121,558,000. Finally, Geode Capital Management LLC raised its holdings in e.l.f. Beauty by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 955,064 shares of the company’s stock worth $104,158,000 after buying an additional 24,778 shares during the period. Institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ELF. JPMorgan Chase & Co. upped their price target on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. DA Davidson reaffirmed a “buy” rating and issued a $170.00 target price on shares of e.l.f. Beauty in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft began coverage on e.l.f. Beauty in a research note on Thursday, December 12th. They issued a “hold” rating and a $133.00 price target on the stock. Truist Financial boosted their price target on e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Jefferies Financial Group decreased their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $168.47.

Insider Transactions at e.l.f. Beauty

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

e.l.f. Beauty Stock Performance

NYSE ELF opened at $93.41 on Tuesday. The firm has a market capitalization of $5.26 billion, a P/E ratio of 50.49, a price-to-earnings-growth ratio of 1.74 and a beta of 1.47. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average price is $126.69 and its two-hundred day moving average price is $130.36. e.l.f. Beauty, Inc. has a 1 year low of $92.20 and a 1 year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The company had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $289.43 million. During the same period in the prior year, the firm earned $0.66 EPS. e.l.f. Beauty’s quarterly revenue was up 39.7% compared to the same quarter last year. As a group, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

About e.l.f. Beauty

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.