Harbor Capital Advisors Inc. Takes $1.53 Million Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Harbor Capital Advisors Inc. purchased a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,000 shares of the company’s stock, valued at approximately $1,526,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of e.l.f. Beauty in the 2nd quarter worth approximately $26,000. Matrix Trust Co purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at $27,000. Innealta Capital LLC bought a new stake in shares of e.l.f. Beauty during the 2nd quarter worth $30,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of e.l.f. Beauty by 405.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after buying an additional 138 shares during the last quarter. Finally, Crewe Advisors LLC grew its position in e.l.f. Beauty by 456.3% during the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock valued at $38,000 after buying an additional 146 shares during the period. 92.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Truist Financial dropped their target price on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. UBS Group reduced their price objective on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 9th. Stifel Nicolaus lowered their target price on e.l.f. Beauty from $161.00 to $131.00 and set a “hold” rating on the stock in a research note on Thursday, October 24th. DA Davidson reiterated a “buy” rating and set a $223.00 price target on shares of e.l.f. Beauty in a research note on Tuesday, October 29th. Finally, Baird R W raised e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $183.80.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock opened at $107.18 on Wednesday. The firm’s 50 day simple moving average is $114.72 and its 200 day simple moving average is $156.82. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. e.l.f. Beauty, Inc. has a 1-year low of $92.16 and a 1-year high of $221.83. The firm has a market capitalization of $6.04 billion, a PE ratio of 51.04, a price-to-earnings-growth ratio of 2.15 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. The company had revenue of $324.48 million for the quarter, compared to the consensus estimate of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. As a group, analysts expect that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current fiscal year.

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

In related news, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the transaction, the chief executive officer now directly owns 106,016 shares in the company, valued at approximately $14,465,883.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.