Harbor Capital Advisors Inc. Increases Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Harbor Capital Advisors Inc. grew its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 419.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,705 shares of the company’s stock after acquiring an additional 58,705 shares during the period. Harbor Capital Advisors Inc.’s holdings in e.l.f. Beauty were worth $9,128,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in e.l.f. Beauty in the 3rd quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of e.l.f. Beauty in the second quarter valued at approximately $26,000. Planning Capital Management Corp grew its holdings in e.l.f. Beauty by 1,855.0% during the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after acquiring an additional 371 shares during the period. nVerses Capital LLC acquired a new stake in e.l.f. Beauty in the third quarter valued at $44,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of e.l.f. Beauty during the 3rd quarter worth $45,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. TD Cowen lowered their price target on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Piper Sandler raised their price objective on e.l.f. Beauty from $165.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday. Stifel Nicolaus decreased their target price on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. Finally, Morgan Stanley dropped their price target on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $171.94.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 890 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the transaction, the chief executive officer now directly owns 99,699 shares in the company, valued at approximately $13,718,582.40. This represents a 0.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock worth $297,442 in the last quarter. 3.50% of the stock is owned by corporate insiders.

e.l.f. Beauty Stock Up 0.5 %

Shares of ELF traded up $0.60 during midday trading on Friday, reaching $128.20. 440,749 shares of the company were exchanged, compared to its average volume of 1,042,879. e.l.f. Beauty, Inc. has a 1-year low of $98.50 and a 1-year high of $221.83. The stock has a 50-day moving average price of $126.77 and a 200-day moving average price of $140.67. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The company has a market cap of $7.22 billion, a price-to-earnings ratio of 69.30, a P/E/G ratio of 3.08 and a beta of 1.49.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.43 by $0.34. The firm had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. e.l.f. Beauty’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 EPS. Research analysts expect that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

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.