Amalgamated Bank Has $3.39 Million Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Amalgamated Bank cut its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 2.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 23,515 shares of the company’s stock after selling 471 shares during the quarter. Amalgamated Bank’s holdings in e.l.f. Beauty were worth $3,394,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ELF. Armstrong Advisory Group Inc. boosted its holdings 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 valued at $29,000 after buying an additional 160 shares during the period. GPS Wealth Strategies Group LLC lifted its position in 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 acquiring an additional 97 shares in the last quarter. GAMMA Investing LLC acquired a new position in e.l.f. Beauty in the 4th quarter worth $42,000. First Horizon Advisors Inc. increased its holdings in e.l.f. Beauty by 38.0% during the 4th quarter. First Horizon Advisors Inc. now owns 338 shares of the company’s stock worth $49,000 after purchasing an additional 93 shares in the last quarter. Finally, Avior Wealth Management LLC raised its stake in shares of e.l.f. Beauty by 3,600.0% in the 4th quarter. Avior Wealth Management LLC now owns 370 shares of the company’s stock valued at $53,000 after purchasing an additional 360 shares during the period. 92.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the completion of the sale, the chief executive officer now directly owns 10,889 shares in the company, valued at $2,165,713.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Joshua Allen Franks sold 727 shares of the company’s 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 transaction, the senior vice president now directly owns 83,736 shares in the company, valued at $13,829,837.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the transaction, the chief executive officer now directly owns 10,889 shares in the company, valued at $2,165,713.21. The disclosure for this sale can be found here. In the last 90 days, insiders sold 201,600 shares of company stock valued at $34,307,124. Company insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on e.l.f. Beauty from $130.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. Morgan Stanley raised their price target on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. DA Davidson reissued a “buy” rating and issued a $220.00 price objective on shares of e.l.f. Beauty in a research report on Monday, April 8th. Bank of America raised their target price on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, Piper Sandler boosted their price target on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $184.33.

e.l.f. Beauty Stock Up 5.6 %

ELF stock opened at $170.44 on Friday. e.l.f. Beauty, Inc. has a 1-year low of $83.80 and a 1-year high of $221.83. The business’s 50 day simple moving average is $182.03 and its 200 day simple moving average is $155.26. 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 has a market capitalization of $9.46 billion, a PE ratio of 75.42, a PEG ratio of 1.50 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.47 by $0.11. The firm had revenue of $270.94 million for the quarter, compared to the consensus estimate of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. As a group, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

About e.l.f. Beauty

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.