e.l.f. Beauty, Inc. (NYSE:ELF) Shares Purchased by Advisory Services Network LLC

Advisory Services Network LLC raised its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 830.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,386 shares of the company’s stock after buying an additional 8,377 shares during the period. Advisory Services Network LLC’s holdings in e.l.f. Beauty were worth $1,178,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ELF. Baillie Gifford & Co. raised its position in shares of 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 worth $1,005,584,000 after acquiring an additional 2,703,742 shares in the last quarter. Vanguard Group Inc. raised its holdings in e.l.f. Beauty by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company’s stock worth $690,174,000 after purchasing an additional 68,103 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of e.l.f. Beauty by 40.9% during the 4th 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 during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of e.l.f. Beauty by 17.5% in the 4th quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company’s stock valued at $222,541,000 after buying an additional 264,296 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of e.l.f. Beauty by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 955,064 shares of the company’s stock valued at $104,158,000 after buying an additional 24,778 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Piper Sandler reduced their target price on e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, March 31st. Morgan Stanley restated an “equal weight” rating and set a $70.00 price target (down previously from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. JPMorgan Chase & Co. reduced their price objective on e.l.f. Beauty from $127.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Raymond James lowered their target price on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research report on Friday, February 7th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus price target of $124.76.

e.l.f. Beauty Price Performance

Shares of ELF opened at $53.60 on Friday. The firm has a market capitalization of $3.02 billion, a PE ratio of 31.71, a P/E/G ratio of 6.76 and a beta of 1.41. The stock’s 50 day moving average is $66.75 and its two-hundred day moving average is $101.15. e.l.f. Beauty, Inc. has a twelve month low of $49.90 and a twelve month high of $219.77. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly 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 net margin of 7.55% and a return on equity of 16.88%. Research analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Insider Activity

In related news, Director Maureen C. Watson sold 4,000 shares of the firm’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 completion of the transaction, the director now directly 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 document filed with the SEC, which is available at this hyperlink. Insiders own 3.50% of the company’s stock.

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.