Venturi Wealth Management LLC Purchases Shares of 2,267 e.l.f. Beauty, Inc. (NYSE:ELF)

Venturi Wealth Management LLC acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,267 shares of the company’s stock, valued at approximately $285,000.

A number of other large investors have also recently made changes to their positions in ELF. Baillie Gifford & Co. lifted its stake in e.l.f. Beauty by 51.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after acquiring an additional 2,703,742 shares during the last quarter. State Street Corp raised its holdings in shares of e.l.f. Beauty by 3.7% in 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 lifted its position in shares of e.l.f. Beauty by 5.5% during the 3rd quarter. FMR LLC now owns 1,186,766 shares of the company’s stock worth $129,393,000 after purchasing an additional 61,524 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in shares of e.l.f. Beauty during the third quarter worth $121,558,000. Finally, Geode Capital Management LLC increased its holdings in e.l.f. Beauty by 2.7% in the third quarter. Geode Capital Management LLC now owns 955,064 shares of the company’s stock valued at $104,158,000 after buying an additional 24,778 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the company’s 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 transaction, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. This represents a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the sale, the insider now owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on ELF shares. Stifel Nicolaus decreased their price target on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. boosted their target price on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. UBS Group reaffirmed a “neutral” rating and issued a $74.00 price target (down from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. DA Davidson reissued a “neutral” rating and set a $80.00 price objective on shares of e.l.f. Beauty in a report on Tuesday. Finally, Canaccord Genuity Group lowered their target price on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus target price of $134.00.

e.l.f. Beauty Stock Down 2.9 %

e.l.f. Beauty stock opened at $71.01 on Friday. The stock has a 50 day moving average of $112.70 and a two-hundred day moving average of $122.09. e.l.f. Beauty, Inc. has a twelve month low of $63.50 and a twelve month high of $221.83. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 42.02, a PEG 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.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate 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 expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

e.l.f. Beauty 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.