Knuff & Co LLC Buys New Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Knuff & Co LLC bought a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,981 shares of the company’s stock, valued at approximately $249,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ELF. State of New Jersey Common Pension Fund D increased its holdings in e.l.f. Beauty by 4.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 21,443 shares of the company’s stock worth $2,338,000 after purchasing an additional 874 shares in the last quarter. Entropy Technologies LP increased its holdings in e.l.f. Beauty by 60.3% during the 3rd quarter. Entropy Technologies LP now owns 3,238 shares of the company’s stock worth $353,000 after purchasing an additional 1,218 shares in the last quarter. GSA Capital Partners LLP increased its holdings in e.l.f. Beauty by 230.6% during the 3rd quarter. GSA Capital Partners LLP now owns 13,045 shares of the company’s stock worth $1,422,000 after purchasing an additional 9,099 shares in the last quarter. Baillie Gifford & Co. increased its holdings in e.l.f. Beauty by 39.5% during the 3rd quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock worth $578,480,000 after purchasing an additional 1,501,151 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in e.l.f. Beauty by 1,380.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock worth $1,775,000 after purchasing an additional 15,184 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Insider Buying and Selling at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the transaction, the director now directly owns 1,888 shares in the company, valued at $127,232.32. The trade was a 67.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Down 6.0 %

ELF opened at $69.58 on Wednesday. The stock has a market cap of $3.92 billion, a PE ratio of 41.17, a P/E/G ratio of 6.76 and a beta of 1.60. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 52 week low of $61.90 and a 52 week high of $219.77. The business’s fifty day simple moving average is $95.51 and its 200 day simple moving average is $112.40.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share 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%. As a group, research analysts expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ELF shares. Truist Financial boosted their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Morgan Stanley restated an “equal weight” rating and issued a $70.00 target price (down previously from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. UBS Group restated a “neutral” rating and issued a $74.00 target price (down previously from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Canaccord Genuity Group cut their target price on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Finally, DA Davidson restated a “neutral” rating and issued a $80.00 target price on shares of e.l.f. Beauty in a research note on Tuesday, February 18th. 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 data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average price target of $132.94.

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.