Handelsbanken Fonder AB Has $1.98 Million Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Handelsbanken Fonder AB grew its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,800 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in e.l.f. Beauty were worth $1,984,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ELF. Blue Trust Inc. raised its holdings in e.l.f. Beauty by 2,357.1% in the 3rd quarter. Blue Trust Inc. now owns 516 shares of the company’s stock worth $56,000 after acquiring an additional 495 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of e.l.f. Beauty by 6.5% in the third quarter. Sequoia Financial Advisors LLC now owns 2,609 shares of the company’s stock valued at $284,000 after purchasing an additional 159 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of e.l.f. Beauty by 289.8% in the third quarter. Private Advisor Group LLC now owns 19,396 shares of the company’s stock worth $2,115,000 after purchasing an additional 14,420 shares during the period. International Assets Investment Management LLC acquired a new position in shares of e.l.f. Beauty during the 3rd quarter worth about $16,369,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in e.l.f. Beauty by 54.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,119 shares of the company’s stock valued at $3,728,000 after purchasing an additional 11,679 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Down 3.4 %

ELF stock opened at $72.77 on Wednesday. The business has a 50-day simple moving average of $107.63 and a 200 day simple moving average of $118.75. e.l.f. Beauty, Inc. has a 52 week low of $63.50 and a 52 week high of $221.83. 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 company has a market cap of $4.10 billion, a PE ratio of 43.06, a price-to-earnings-growth ratio of 6.76 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. Sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Scott Milsten sold 530 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the sale, the insider now owns 68,853 shares in the company, valued at $9,474,172.80. This represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. B. Riley reaffirmed a “buy” rating and issued a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. JPMorgan Chase & Co. boosted their target price on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Morgan Stanley reissued an “equal weight” rating and issued a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. DA Davidson restated a “neutral” rating and set a $80.00 price objective on shares of e.l.f. Beauty in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group reduced their target price on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.94.

e.l.f. Beauty Company 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.