Picton Mahoney Asset Management Has $443,000 Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Picton Mahoney Asset Management cut its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 11.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,075 shares of the company’s stock after selling 395 shares during the quarter. Picton Mahoney Asset Management’s holdings in e.l.f. Beauty were worth $443,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ELF. Armstrong Advisory Group Inc. lifted its stake in shares of e.l.f. Beauty by 390.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock worth $29,000 after acquiring an additional 160 shares during the period. GPS Wealth Strategies Group LLC boosted its stake in shares of e.l.f. Beauty by 66.4% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock valued at $35,000 after purchasing an additional 97 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of e.l.f. Beauty during the fourth quarter worth $42,000. First Horizon Advisors Inc. increased its position in shares of e.l.f. Beauty by 38.0% during the fourth quarter. First Horizon Advisors Inc. now owns 338 shares of the company’s stock worth $49,000 after buying an additional 93 shares during the period. Finally, Avior Wealth Management LLC raised its stake in e.l.f. Beauty by 3,600.0% during the fourth quarter. Avior Wealth Management LLC now owns 370 shares of the company’s stock worth $53,000 after buying an additional 360 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Down 1.4 %

e.l.f. Beauty stock opened at $161.27 on Thursday. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The firm’s fifty day moving average price is $182.79 and its two-hundred day moving average price is $155.15. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 71.36, a price-to-earnings-growth ratio of 1.50 and a beta of 1.60. e.l.f. Beauty, Inc. has a 1-year low of $83.80 and a 1-year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. The business had revenue of $270.94 million for the quarter, compared to analysts’ expectations of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. On average, equities research analysts predict that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

ELF has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their price target on e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. StockNews.com downgraded e.l.f. Beauty from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. TD Cowen upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and cut their price target for the stock from $220.00 to $190.00 in a report on Wednesday, April 17th. DA Davidson reiterated a “buy” rating and issued a $220.00 price objective on shares of e.l.f. Beauty in a research note on Monday, April 8th. Finally, Robert W. Baird assumed coverage on shares of e.l.f. Beauty in a research note on Tuesday, January 30th. They set a “neutral” rating and a $185.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.33.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 727 shares of the firm’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 transaction, the senior vice president now directly owns 83,736 shares in the company, valued at approximately $13,829,837.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 727 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $165.16, for a total value of $120,071.32. Following the completion of the sale, the senior vice president now owns 83,736 shares in the company, valued at approximately $13,829,837.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Tarang Amin sold 23,519 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the completion of the transaction, the chief executive officer now owns 10,889 shares in the company, valued at approximately $2,165,713.21. The disclosure for this sale can be found here. Insiders sold a total of 201,600 shares of company stock valued at $34,307,124 over the last ninety days. 5.20% of the stock is currently owned by insiders.

e.l.f. Beauty Company 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.