Tower Research Capital LLC TRC Has $516,000 Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Tower Research Capital LLC TRC lowered its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 38.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,110 shares of the company’s stock after selling 2,521 shares during the quarter. Tower Research Capital LLC TRC’s holdings in e.l.f. Beauty were worth $516,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. MML Investors Services LLC raised its holdings in shares of e.l.f. Beauty by 6.7% during the fourth quarter. MML Investors Services LLC now owns 23,820 shares of the company’s stock valued at $2,991,000 after purchasing an additional 1,496 shares during the period. Mesirow Institutional Investment Management Inc. raised its holdings in shares of e.l.f. Beauty by 33.4% during the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 159,919 shares of the company’s stock valued at $20,078,000 after purchasing an additional 40,050 shares during the period. MetLife Investment Management LLC raised its holdings in shares of e.l.f. Beauty by 8.0% during the fourth quarter. MetLife Investment Management LLC now owns 34,077 shares of the company’s stock valued at $4,278,000 after purchasing an additional 2,533 shares during the period. Capital World Investors raised its holdings in shares of e.l.f. Beauty by 294.9% during the fourth quarter. Capital World Investors now owns 418,852 shares of the company’s stock valued at $52,587,000 after purchasing an additional 312,776 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of e.l.f. Beauty by 9.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 456,433 shares of the company’s stock valued at $57,310,000 after purchasing an additional 39,549 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ELF. Piper Sandler decreased their target price on shares of e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, March 31st. Canaccord Genuity Group decreased their target price on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Truist Financial decreased their target price on shares of e.l.f. Beauty from $100.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Raymond James decreased their target price on shares of e.l.f. Beauty from $120.00 to $85.00 and set a “strong-buy” rating for the company in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of e.l.f. Beauty from $127.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $117.41.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $61.94 on Tuesday. e.l.f. Beauty, Inc. has a 52 week low of $49.40 and a 52 week high of $219.77. The business has a 50-day simple moving average of $62.19 and a 200 day simple moving average of $97.15. 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 stock has a market cap of $3.49 billion, a price-to-earnings ratio of 36.65, a PEG ratio of 6.76 and a beta of 1.41.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate 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%. On average, research analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Activity

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 51,353 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,196.08. Following the completion of the transaction, the senior vice president now owns 114,660 shares of the company’s stock, valued at $6,118,257.60. This represents a 30.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Tarang Amin sold 97,915 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $5,224,744.40. Following the transaction, the chief executive officer now directly owns 181,289 shares of the company’s stock, valued at $9,673,581.04. The trade was a 35.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 204,618 shares of company stock valued at $10,974,536. Insiders own 3.50% of the company’s stock.

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.