e.l.f. Beauty, Inc. (NYSE:ELF) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,497,208 shares of the company’s stock after acquiring an additional 68,103 shares during the quarter. Vanguard Group Inc. owned 9.76% of e.l.f. Beauty worth $690,174,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in e.l.f. Beauty by 149.8% during the 4th quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock valued at $41,250,000 after purchasing an additional 197,028 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of e.l.f. Beauty by 441.0% during the fourth quarter. Global Retirement Partners LLC now owns 8,283 shares of the company’s stock valued at $1,040,000 after acquiring an additional 6,752 shares in the last quarter. Robbins Farley increased its position in shares of e.l.f. Beauty by 27.1% during the fourth quarter. Robbins Farley now owns 34,396 shares of the company’s stock worth $4,318,000 after acquiring an additional 7,335 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of e.l.f. Beauty by 43.4% in the fourth quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock worth $1,482,000 after acquiring an additional 3,572 shares in the last quarter. Finally, Ibex Wealth Advisors purchased a new position in e.l.f. Beauty in the fourth quarter valued at about $5,519,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Activity at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the company’s stock in a transaction 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 sale, the director now directly owns 1,888 shares in the company, valued at approximately $127,232.32. This represents a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

ELF has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft started coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They issued a “hold” rating and a $133.00 target price on the stock. Piper Sandler cut their price target on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Canaccord Genuity Group decreased their price objective on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a report on Friday, February 7th. 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. Finally, DA Davidson decreased their price target on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $132.65.

e.l.f. Beauty Price Performance

NYSE ELF opened at $64.87 on Monday. 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, Inc. has a 1 year low of $60.35 and a 1 year high of $219.77. The company has a market cap of $3.66 billion, a PE ratio of 38.38, a PEG ratio of 6.76 and a beta of 1.60. The stock’s 50-day moving average price is $79.12 and its two-hundred day moving average price is $105.76.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate 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, analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

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.