WD Rutherford LLC Sells 110 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

WD Rutherford LLC lessened its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,230 shares of the company’s stock after selling 110 shares during the period. WD Rutherford LLC’s holdings in e.l.f. Beauty were worth $1,882,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Wisconsin Capital Management LLC boosted its holdings in shares of e.l.f. Beauty by 82.4% in the 4th quarter. Wisconsin Capital Management LLC now owns 15,048 shares of the company’s stock valued at $2,172,000 after purchasing an additional 6,796 shares in the last quarter. Harvest Fund Management Co. Ltd grew its position in e.l.f. Beauty by 15.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 2,255 shares of the company’s stock valued at $325,000 after acquiring an additional 294 shares during the last quarter. F M Investments LLC bought a new position in shares of e.l.f. Beauty in the fourth quarter worth about $224,000. GAMMA Investing LLC acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at approximately $42,000. Finally, California Public Employees Retirement System grew its holdings in shares of e.l.f. Beauty by 15.4% during the 4th quarter. California Public Employees Retirement System now owns 103,555 shares of the company’s stock valued at $14,947,000 after purchasing an additional 13,793 shares during 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 74,451 shares of e.l.f. Beauty stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $166.40, for a total value of $12,388,646.40. Following the completion of the sale, the chief executive officer now owns 316,161 shares of the company’s stock, valued at approximately $52,609,190.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP Joshua Allen Franks sold 727 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the completion of the sale, the senior vice president now owns 83,736 shares in the company, valued at $13,829,837.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Tarang Amin sold 74,451 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $166.40, for a total value of $12,388,646.40. Following the transaction, the chief executive officer now owns 316,161 shares in the company, valued at $52,609,190.40. The disclosure for this sale can be found here. Insiders sold a total of 178,081 shares of company stock worth $30,457,064 over the last quarter. 5.20% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Trading Up 2.0 %

Shares of ELF stock opened at $179.56 on Friday. The company has a market cap of $9.97 billion, a P/E ratio of 79.45, a PEG ratio of 1.65 and a beta of 1.57. e.l.f. Beauty, Inc. has a fifty-two week low of $83.80 and a fifty-two week high of $221.83. The stock has a 50 day simple moving average of $186.57 and a two-hundred day simple moving average of $151.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.11. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. The business had revenue of $270.94 million for the quarter, compared to analyst estimates of $239.66 million. Research analysts forecast that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

ELF has been the subject of several research analyst reports. Raymond James upped their price target on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. Robert W. Baird began coverage on e.l.f. Beauty in a research note on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price target on the stock. Morgan Stanley upped their price objective on e.l.f. Beauty from $168.00 to $184.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. TD Cowen upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and cut their target price for the stock from $220.00 to $190.00 in a research report on Wednesday, April 17th. Finally, Truist Financial raised their price target on shares of e.l.f. Beauty from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.33.

About e.l.f. Beauty

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.