58,962 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Acquired by Norges Bank

Norges Bank purchased a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 58,962 shares of the company’s stock, valued at approximately $7,403,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of e.l.f. Beauty in the 3rd quarter valued at $25,000. Promus Capital LLC purchased a new position in e.l.f. Beauty during the 4th quarter worth $31,000. Kestra Investment Management LLC acquired a new position in e.l.f. Beauty in the fourth quarter valued at $32,000. Financial Life Planners purchased a new stake in shares of e.l.f. Beauty in the fourth quarter valued at about $46,000. Finally, Quarry LP purchased a new stake in shares of e.l.f. Beauty in the third quarter valued at about $62,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $51.02 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 6.76 and a beta of 1.41. The company’s 50-day moving average price is $70.17 and its 200 day moving average price is $102.66. e.l.f. Beauty, Inc. has a 52 week low of $49.90 and a 52 week high of $219.77.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (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%. As a group, research analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ELF shares. UBS Group reissued a “neutral” rating and set a $74.00 price target (down previously from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. DA Davidson lowered their target price on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Raymond James cut their price target on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research note on Friday, February 7th. Truist Financial increased their price target on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Piper Sandler cut their price objective on shares of e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, March 31st. Five investment 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 stock. Based on data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and a consensus target price of $130.24.

Insider Buying and Selling

In other news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the sale, the director now directly owns 1,888 shares in the company, valued at $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.50% of the stock is currently owned by company insiders.

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.