GPS Wealth Strategies Group LLC Sells 237 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

GPS Wealth Strategies Group LLC lowered its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 23.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 764 shares of the company’s stock after selling 237 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in e.l.f. Beauty were worth $96,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling at e.l.f. Beauty

In related news, insider Scott Milsten sold 530 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the sale, the insider now owns 68,853 shares of the company’s stock, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the transaction, the chief executive officer now owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock worth $297,442 over the last 90 days. Insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. The Goldman Sachs Group assumed coverage on e.l.f. Beauty in a research report on Friday, December 13th. They set a “buy” rating and a $165.00 price target for the company. DA Davidson reissued a “buy” rating and set a $170.00 target price on shares of e.l.f. Beauty in a research note on Tuesday, January 21st. Canaccord Genuity Group decreased their price target on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Robert W. Baird cut their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Finally, Piper Sandler raised their target price on e.l.f. Beauty from $165.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $168.47.

e.l.f. Beauty Stock Down 6.5 %

NYSE ELF opened at $93.41 on Tuesday. The business has a 50 day moving average price of $126.69 and a two-hundred day moving average price of $130.36. The stock has a market cap of $5.26 billion, a PE ratio of 50.49, a P/E/G ratio of 1.74 and a beta of 1.47. e.l.f. Beauty, Inc. has a fifty-two week low of $92.20 and a fifty-two week high of $221.83. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) 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 analyst estimates 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 quarterly revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 EPS. As a group, sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

About e.l.f. Beauty

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.