Atria Investments Inc Reduces Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Atria Investments Inc lowered its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 1.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,314 shares of the company’s stock after selling 148 shares during the quarter. Atria Investments Inc’s holdings in e.l.f. Beauty were worth $906,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Equitable Trust Co. purchased a new position in shares of e.l.f. Beauty in the third quarter worth $478,000. Portside Wealth Group LLC boosted its holdings in shares of e.l.f. Beauty by 10.8% during the third quarter. Portside Wealth Group LLC now owns 3,304 shares of the company’s stock worth $360,000 after purchasing an additional 322 shares during the period. HMS Capital Management LLC grew its stake in shares of e.l.f. Beauty by 15.6% in the third quarter. HMS Capital Management LLC now owns 3,713 shares of the company’s stock worth $405,000 after purchasing an additional 500 shares during the last quarter. Van ECK Associates Corp increased its holdings in e.l.f. Beauty by 41.0% during the 3rd quarter. Van ECK Associates Corp now owns 37,588 shares of the company’s stock valued at $3,968,000 after purchasing an additional 10,929 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new position in e.l.f. Beauty during the 3rd quarter valued at approximately $1,526,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. TD Cowen cut their price objective on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. B. Riley cut their price target on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Morgan Stanley dropped 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 report on Monday, September 30th. Jefferies Financial Group reduced their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. decreased their price target on shares of e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. One investment 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. According to data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and an average target price of $173.53.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the transaction, the chief executive officer now owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. The trade was a 18.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Trading Down 1.4 %

NYSE ELF opened at $121.33 on Monday. e.l.f. Beauty, Inc. has a 12 month low of $98.50 and a 12 month high of $221.83. 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 stock’s fifty day moving average price is $111.39 and its 200-day moving average price is $154.10. The stock has a market cap of $6.83 billion, a P/E ratio of 65.58, a P/E/G ratio of 2.66 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $289.43 million. During the same period in the prior year, the firm posted $0.66 EPS. e.l.f. Beauty’s revenue for the quarter was up 39.7% on a year-over-year basis. As a group, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

e.l.f. Beauty 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.