Ethic Inc. Invests $514,000 in e.l.f. Beauty, Inc. (NYSE:ELF)

Ethic Inc. acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,094 shares of the company’s stock, valued at approximately $514,000.

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

e.l.f. Beauty Trading Up 1.1%

Shares of NYSE ELF opened at $78.02 on Friday. The company’s fifty day moving average is $62.04 and its 200-day moving average is $93.74. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 46.17, a P/E/G ratio of 6.76 and a beta of 1.31. 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 quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20.

Insider Transactions at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at $127,232.32. This trade represents a 67.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Tarang Amin sold 97,915 shares of the firm’s stock in a transaction on Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $5,224,744.40. Following the sale, the chief executive officer now owns 181,289 shares in the company, valued at approximately $9,673,581.04. The trade was a 35.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 204,618 shares of company stock valued at $10,974,536 over the last three months. 3.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ELF has been the topic of several research analyst reports. Raymond James decreased their price target 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 note on Thursday, April 17th. The Goldman Sachs Group decreased their price target on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Robert W. Baird raised their price objective on shares of e.l.f. Beauty from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday. Stifel Nicolaus reduced their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Finally, Truist Financial reduced their price objective on shares of e.l.f. Beauty from $100.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Five research 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $112.47.

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.