Blair William & Co. IL Purchases 16,353 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Blair William & Co. IL raised its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 85.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,414 shares of the company’s stock after acquiring an additional 16,353 shares during the quarter. Blair William & Co. IL owned approximately 0.06% of e.l.f. Beauty worth $4,446,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Baillie Gifford & Co. raised its stake in e.l.f. Beauty by 51.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock valued at $1,005,584,000 after purchasing an additional 2,703,742 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of e.l.f. Beauty by 40.9% in the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock worth $289,437,000 after buying an additional 669,321 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of e.l.f. Beauty during the fourth quarter worth $68,775,000. Principal Financial Group Inc. grew its stake in e.l.f. Beauty by 149.8% during the fourth quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock valued at $41,250,000 after acquiring an additional 197,028 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in e.l.f. Beauty by 107.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 287,710 shares of the company’s stock valued at $36,122,000 after acquiring an additional 148,916 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Down 0.4 %

Shares of NYSE ELF opened at $64.87 on Monday. e.l.f. Beauty, Inc. has a 1 year low of $60.35 and a 1 year high of $219.77. The firm has a 50-day simple moving average of $79.12 and a two-hundred day simple moving average of $105.76. The company has a market cap of $3.66 billion, a P/E ratio of 38.38, a PEG ratio of 6.76 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Research analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

ELF has been the subject of several research reports. Truist Financial increased their price objective on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Canaccord Genuity Group dropped their price target on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 7th. JPMorgan Chase & Co. lifted their price objective 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. Stifel Nicolaus lowered their target price on 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. Finally, The Goldman Sachs Group reduced 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 report on Friday, February 21st. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.65.

Insider Activity

In related news, Director Maureen C. Watson sold 4,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the transaction, the director now owns 1,888 shares of the company’s stock, valued at $127,232.32. This trade represents a 67.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.

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.