Coastline Trust Co Lowers Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Coastline Trust Co lowered its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 89.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 790 shares of the company’s stock after selling 6,366 shares during the quarter. Coastline Trust Co’s holdings in e.l.f. Beauty were worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ELF. Dimensional Fund Advisors LP raised its stake in shares of e.l.f. Beauty by 9.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 456,433 shares of the company’s stock worth $57,310,000 after acquiring an additional 39,549 shares in the last quarter. Formula Growth Ltd. acquired a new position in shares of e.l.f. Beauty during the fourth quarter worth $628,000. Champlain Investment Partners LLC raised its stake in e.l.f. Beauty by 99.7% in the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company’s stock valued at $279,531,000 after buying an additional 1,111,550 shares during the last quarter. Osterweis Capital Management Inc. grew its stake in shares of e.l.f. Beauty by 62.3% during the fourth quarter. Osterweis Capital Management Inc. now owns 127,839 shares of the company’s stock worth $16,050,000 after acquiring an additional 49,050 shares during the last quarter. Finally, Portolan Capital Management LLC increased its holdings in shares of e.l.f. Beauty by 92.8% during the fourth quarter. Portolan Capital Management LLC now owns 229,998 shares of the company’s stock valued at $28,876,000 after acquiring an additional 110,709 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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

In related news, Director Maureen C. Watson sold 4,000 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the sale, the director now owns 1,888 shares of the company’s stock, valued at approximately $127,232.32. This represents a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Stock Up 5.3 %

ELF opened at $52.60 on Friday. The company has a 50-day moving average price of $64.02 and a 200 day moving average price of $99.18. e.l.f. Beauty, Inc. has a twelve month low of $49.40 and a twelve month high of $219.77. The company has a market cap of $2.97 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20.

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

Analyst Ratings Changes

Several analysts have weighed in on the stock. Raymond James dropped their target price on shares of e.l.f. Beauty from $120.00 to $85.00 and set a “strong-buy” rating on the stock in a research report on Thursday. Stifel Nicolaus cut their target price on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. DA Davidson lowered their price target on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Piper Sandler cut their price objective on e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, March 31st. Finally, UBS Group decreased their target price on e.l.f. Beauty from $74.00 to $59.00 and set a “neutral” rating for the company in a report on Thursday. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.82.

e.l.f. Beauty Profile

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.