Black Swift Group LLC Cuts Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Black Swift Group LLC decreased its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 58.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,000 shares of the company’s stock after selling 5,700 shares during the period. Black Swift Group LLC’s holdings in e.l.f. Beauty were worth $502,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ELF. Farther Finance Advisors LLC boosted its stake in e.l.f. Beauty by 26.9% in the third quarter. Farther Finance Advisors LLC now owns 2,664 shares of the company’s stock valued at $291,000 after acquiring an additional 564 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in e.l.f. Beauty during the third quarter worth about $1,526,000. Van ECK Associates Corp grew its position in e.l.f. Beauty by 41.0% during the third quarter. Van ECK Associates Corp now owns 37,588 shares of the company’s stock worth $3,968,000 after buying an additional 10,929 shares during the period. HMS Capital Management LLC grew its position in e.l.f. Beauty by 15.6% during the third quarter. HMS Capital Management LLC now owns 3,713 shares of the company’s stock worth $405,000 after buying an additional 500 shares during the period. Finally, Portside Wealth Group LLC grew its position in e.l.f. Beauty by 10.8% during the third quarter. Portside Wealth Group LLC now owns 3,304 shares of the company’s stock worth $360,000 after buying an additional 322 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

ELF has been the topic of several recent analyst reports. Piper Sandler lowered their target price on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. The Goldman Sachs Group lowered their price target on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. B. Riley reiterated a “buy” rating and issued a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price target on the stock. Finally, UBS Group reiterated a “neutral” rating and issued a $74.00 price target (down from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.94.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $64.52 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.64 billion, a P/E ratio of 38.18, a P/E/G ratio of 6.76 and a beta of 1.47. e.l.f. Beauty, Inc. has a fifty-two week low of $61.90 and a fifty-two week high of $219.77. The firm’s 50 day moving average is $100.16 and its two-hundred day moving average is $115.49.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. Analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Insider Activity

In related news, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction 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. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the sale, the chief executive officer now directly owns 99,699 shares in the company, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.

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.