Sei Investments Co. Boosts Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Sei Investments Co. lifted its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 31.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,441 shares of the company’s stock after purchasing an additional 41,129 shares during the period. Sei Investments Co. owned about 0.31% of e.l.f. Beauty worth $21,650,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ELF. Wilmington Savings Fund Society FSB purchased a new position in shares of e.l.f. Beauty in the 3rd quarter valued at about $25,000. Promus Capital LLC purchased a new position in e.l.f. Beauty in the fourth quarter worth approximately $31,000. Kestra Investment Management LLC acquired a new position in e.l.f. Beauty during the 4th quarter worth approximately $32,000. Financial Life Planners purchased a new stake in shares of e.l.f. Beauty in the 4th quarter valued at approximately $46,000. Finally, Quarry LP acquired a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at $62,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ELF has been the subject of a number of analyst reports. Raymond James lowered their target price on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research note on Friday, February 7th. Truist Financial increased their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. boosted their target price on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley reiterated an “equal weight” rating and issued a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, Stifel Nicolaus reduced their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Five investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.65.

Insider Transactions at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at $127,232.32. This represents a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Down 0.8 %

ELF opened at $64.58 on Thursday. e.l.f. Beauty, Inc. has a 52 week low of $60.35 and a 52 week high of $219.77. The business has a 50 day moving average price of $81.75 and a two-hundred day moving average price of $106.48. 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 $3.64 billion, a PE ratio of 38.21, a P/E/G ratio of 6.76 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last released its quarterly 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%. As a group, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

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.