Graham Capital Management L.P. Invests $981,000 in e.l.f. Beauty, Inc. (NYSE:ELF)

Graham Capital Management L.P. purchased a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,810 shares of the company’s stock, valued at approximately $981,000.

Several other hedge funds have also made changes to their positions in ELF. Nemes Rush Group LLC acquired a new stake in shares of e.l.f. Beauty during the fourth quarter worth about $27,000. Promus Capital LLC acquired a new stake in shares of e.l.f. Beauty during the fourth quarter worth about $31,000. Kestra Investment Management LLC acquired a new stake in shares of e.l.f. Beauty during the fourth quarter worth about $32,000. Financial Life Planners acquired a new stake in shares of e.l.f. Beauty during the fourth quarter worth about $46,000. Finally, Wilmington Savings Fund Society FSB raised its holdings in e.l.f. Beauty by 84.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company’s stock valued at $54,000 after acquiring an additional 197 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 97,915 shares of e.l.f. Beauty stock in a transaction 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 in the company, valued at $9,673,581.04. This trade represents a 35.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kory Marchisotto sold 51,350 shares of e.l.f. Beauty stock in a transaction on Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $2,740,036.00. Following the completion of the transaction, the insider now owns 152,492 shares in the company, valued at approximately $8,136,973.12. This trade represents a 25.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 204,618 shares of company stock worth $10,974,536. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $78.35 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The firm has a market cap of $4.42 billion, a PE ratio of 46.36, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. The company’s 50 day simple moving average is $61.83 and its 200-day simple moving average is $94.07. e.l.f. Beauty, Inc. has a 12-month low of $49.40 and a 12-month high of $219.77.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ELF. Canaccord Genuity Group reduced their target price on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, February 7th. JPMorgan Chase & Co. reduced their target price on shares of e.l.f. Beauty from $127.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. B. Riley reaffirmed a “buy” rating and issued a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Piper Sandler reduced their target price on shares of e.l.f. Beauty from $90.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Finally, DA Davidson reduced their target price on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Five equities research 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $116.88.

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.