KLP Kapitalforvaltning AS Invests $1.44 Million in e.l.f. Beauty, Inc. (NYSE:ELF)

KLP Kapitalforvaltning AS acquired a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,500 shares of the company’s stock, valued at approximately $1,444,000.

Several other large investors also recently added to or reduced their stakes in ELF. Baillie Gifford & Co. increased its position in shares of e.l.f. Beauty by 51.0% during the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after acquiring an additional 2,703,742 shares during the period. William Blair Investment Management LLC increased its holdings in e.l.f. Beauty by 40.9% during the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock worth $289,437,000 after purchasing an additional 669,321 shares during the period. State Street Corp raised its position in e.l.f. Beauty by 3.7% during the 3rd quarter. State Street Corp now owns 1,665,203 shares of the company’s stock valued at $181,557,000 after purchasing an additional 59,248 shares in the last quarter. FMR LLC lifted its holdings in shares of e.l.f. Beauty by 5.5% in the 3rd quarter. FMR LLC now owns 1,186,766 shares of the company’s stock worth $129,393,000 after buying an additional 61,524 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of e.l.f. Beauty by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 955,064 shares of the company’s stock worth $104,158,000 after buying an additional 24,778 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Price Performance

Shares of ELF stock opened at $64.87 on Friday. e.l.f. Beauty, Inc. has a fifty-two week low of $60.35 and a fifty-two week high of $219.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 38.38, a PEG ratio of 6.76 and a beta of 1.60. The stock’s 50-day simple moving average is $79.12 and its 200-day simple moving average is $105.85.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share 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, equities 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, Director Maureen C. Watson sold 4,000 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the sale, the director now owns 1,888 shares in the company, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on e.l.f. Beauty in a report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price objective for the company. JPMorgan Chase & Co. upped their price target 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. Canaccord Genuity Group cut their price objective 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. UBS Group restated a “neutral” rating and set a $74.00 target price (down previously from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Finally, B. Riley reiterated a “buy” rating and issued a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.65.

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.