Kennedy Capital Management Inc. raised its holdings in e.l.f. Beauty Inc (NYSE:ELF) by 4.7% during the first quarter, HoldingsChannel.com reports. The firm owned 176,406 shares of the company’s stock after purchasing an additional 7,919 shares during the period. Kennedy Capital Management Inc.’s holdings in e.l.f. Beauty were worth $1,870,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Quantamental Technologies LLC purchased a new stake in e.l.f. Beauty in the first quarter valued at $36,000. PNC Financial Services Group Inc. acquired a new stake in shares of e.l.f. Beauty in the fourth quarter valued at $32,000. BNP Paribas Arbitrage SA grew its stake in shares of e.l.f. Beauty by 862.1% in the first quarter. BNP Paribas Arbitrage SA now owns 5,253 shares of the company’s stock valued at $56,000 after buying an additional 4,707 shares in the last quarter. Sun Life Financial INC acquired a new stake in shares of e.l.f. Beauty in the fourth quarter valued at $50,000. Finally, Mycio Wealth Partners LLC acquired a new stake in shares of e.l.f. Beauty in the first quarter valued at $106,000. Institutional investors own 82.58% of the company’s stock.
In related news, insider Jonathan T. Fieldman sold 9,007 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $10.00, for a total transaction of $90,070.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott Milsten sold 3,700 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $12.69, for a total value of $46,953.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,041,407 shares of company stock valued at $32,731,449 over the last three months. 17.10% of the stock is currently owned by insiders.
A number of equities research analysts have recently weighed in on ELF shares. DA Davidson raised e.l.f. Beauty from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Tuesday, April 16th. Morgan Stanley dropped their price objective on e.l.f. Beauty from $8.00 to $6.00 and set an “underweight” rating for the company in a research note on Wednesday, February 27th. Jefferies Financial Group raised e.l.f. Beauty from a “hold” rating to a “buy” rating and lifted their price objective for the company from $10.00 to $14.00 in a research note on Wednesday, April 3rd. Wells Fargo & Co dropped their price objective on e.l.f. Beauty from $8.00 to $6.00 and set an “underperform” rating for the company in a research note on Wednesday, February 27th. Finally, JPMorgan Chase & Co. raised e.l.f. Beauty from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $7.00 to $13.00 in a research note on Monday, April 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. e.l.f. Beauty presently has a consensus rating of “Hold” and an average price target of $11.41.
ELF opened at $12.24 on Friday. e.l.f. Beauty Inc has a 12 month low of $6.70 and a 12 month high of $20.08. The firm has a market cap of $609.43 million, a P/E ratio of 32.21, a P/E/G ratio of 13.99 and a beta of 1.99. The company has a quick ratio of 2.22, a current ratio of 3.30 and a debt-to-equity ratio of 0.61.
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e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce and e.l.f.
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