Trek Financial LLC Sells 31,024 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Posted by Defense World Staff on Sep 9th, 2023

Trek Financial LLC cut its holdings in e.l.f. Beauty, Inc. (NYSE:ELF – Free Report) by 47.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,672 shares of the company’s stock after selling 31,024 shares during the period. Trek Financial LLC owned 0.07% of e.l.f. Beauty worth $2,855,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ELF. Dark Forest Capital Management LP bought a new position in e.l.f. Beauty in the 1st quarter worth approximately $27,000. Point72 Middle East FZE bought a new position in e.l.f. Beauty in the 4th quarter worth approximately $28,000. CWM LLC boosted its holdings in e.l.f. Beauty by 89.7% in the 1st quarter. CWM LLC now owns 385 shares of the company’s stock worth $32,000 after buying an additional 182 shares during the period. Covestor Ltd boosted its holdings in e.l.f. Beauty by 8,340.0% in the 1st quarter. Covestor Ltd now owns 1,266 shares of the company’s stock worth $33,000 after buying an additional 1,251 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in e.l.f. Beauty in the 4th quarter worth approximately $46,000. 92.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Truist Financial increased their target price on shares of e.l.f. Beauty from $110.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Stifel Nicolaus increased their target price on shares of e.l.f. Beauty from $107.00 to $127.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. StockNews.com started coverage on shares of e.l.f. Beauty in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Piper Sandler raised their price objective on shares of e.l.f. Beauty from $105.00 to $114.00 in a research report on Thursday, May 25th. Finally, Morgan Stanley raised their price objective on shares of e.l.f. Beauty from $118.00 to $162.00 and gave the company an “overweight” rating in a research report on Wednesday, August 2nd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $125.18.

Check Out Our Latest Report on ELF

e.l.f. Beauty Price Performance

ELF stock opened at $136.05 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.48 and a current ratio of 3.38. e.l.f. Beauty, Inc. has a 52 week low of $36.77 and a 52 week high of $139.85. The firm’s fifty day moving average is $122.88 and its 200 day moving average is $101.14. The firm has a market cap of $7.41 billion, a P/E ratio of 76.86, a P/E/G ratio of 3.21 and a beta of 1.49.

e.l.f. Beauty (NYSE:ELF – Get Free Report) last released its earnings results on Tuesday, August 1st. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.49 by $0.51. e.l.f. Beauty had a net margin of 14.87% and a return on equity of 26.43%. The company had revenue of $216.34 million for the quarter, compared to analyst estimates of $184.92 million. Research analysts predict that e.l.f. Beauty, Inc. will post 1.92 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, Director Tiffany F. Daniele sold 1,253 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $139.09, for a total value of $174,279.77. Following the sale, the director now owns 4,813 shares of the company’s stock, valued at approximately $669,440.17. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other e.l.f. Beauty news, Director Tiffany F. Daniele sold 1,253 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $139.09, for a total value of $174,279.77. Following the sale, the director now owns 4,813 shares of the company’s stock, valued at approximately $669,440.17. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Tarang Amin sold 39,740 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $113.80, for a total transaction of $4,522,412.00. Following the completion of the sale, the chief executive officer now directly owns 252,792 shares in the company, valued at approximately $28,767,729.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 142,243 shares of company stock valued at $18,157,542. Insiders own 5.20% of the company’s stock.

e.l.f. Beauty Profile

(Free Report)

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.