American Century Companies Inc. Purchases 100,515 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

American Century Companies Inc. increased its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 21.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 576,276 shares of the company’s stock after purchasing an additional 100,515 shares during the period. American Century Companies Inc.’s holdings in e.l.f. Beauty were worth $72,352,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in e.l.f. Beauty during the 3rd quarter valued at $25,000. Promus Capital LLC acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth approximately $31,000. Kestra Investment Management LLC bought a new stake in shares of e.l.f. Beauty in the fourth quarter valued at approximately $32,000. Financial Life Planners acquired a new stake in e.l.f. Beauty during the fourth quarter worth approximately $46,000. Finally, Quarry LP bought a new position in e.l.f. Beauty during the 3rd quarter worth $62,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Raymond James cut their target price on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research report on Friday, February 7th. JPMorgan Chase & Co. increased their price objective on shares of 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. DA Davidson dropped their target price on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Stifel Nicolaus reduced their price target on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group cut their target price on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research note 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 stock. According to MarketBeat.com, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus price target of $132.65.

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

In related news, Director Maureen C. Watson sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at $127,232.32. This represents a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Up 0.6 %

Shares of NYSE ELF opened at $65.29 on Wednesday. The company has a 50 day simple moving average of $83.03 and a 200 day simple moving average of $106.78. 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, Inc. has a 1 year low of $60.35 and a 1 year high of $219.77. The firm has a market cap of $3.68 billion, a PE ratio of 38.63, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.41 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%. On average, research analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

About e.l.f. Beauty

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.