MassMutual Private Wealth & Trust FSB Acquires 32,277 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

MassMutual Private Wealth & Trust FSB lifted its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 29,078.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,388 shares of the company’s stock after purchasing an additional 32,277 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in e.l.f. Beauty were worth $4,066,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in e.l.f. Beauty in the third quarter valued at approximately $25,000. Planning Capital Management Corp lifted its position in shares of e.l.f. Beauty by 1,855.0% during the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after buying an additional 371 shares during the last quarter. nVerses Capital LLC bought a new position in shares of e.l.f. Beauty during the 3rd quarter worth $44,000. Peterson Financial Group Inc. purchased a new stake in e.l.f. Beauty in the 3rd quarter worth about $45,000. Finally, Blue Trust Inc. raised its stake in e.l.f. Beauty by 2,357.1% in the 3rd quarter. Blue Trust Inc. now owns 516 shares of the company’s stock valued at $56,000 after acquiring an additional 495 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the transaction, the insider now directly owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the sale, the chief executive officer now directly owns 99,699 shares of the company’s stock, 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 90 days, insiders sold 2,205 shares of company stock valued at $297,442. Corporate insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

ELF has been the subject of a number of research reports. Canaccord Genuity Group cut their target price on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. B. Riley cut their price objective on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price 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. UBS Group raised their price target on e.l.f. Beauty from $156.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, Robert W. Baird decreased their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $169.06.

e.l.f. Beauty Trading Down 5.0 %

NYSE ELF opened at $127.17 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The stock’s 50-day simple moving average is $129.27 and its two-hundred day simple moving average is $136.48. e.l.f. Beauty, Inc. has a twelve month low of $98.50 and a twelve month high of $221.83. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 68.74, a PEG ratio of 2.17 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The company had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. e.l.f. Beauty’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period last year, the firm posted $0.66 EPS. Research 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 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.