18,681 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Acquired by Focus Partners Wealth

Focus Partners Wealth acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,681 shares of the company's stock, valued at approximately $2,350,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its position in shares of e.l.f. Beauty by 3.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company's stock worth $361,000 after purchasing an additional 91 shares in the last quarter. Truist Financial Corp boosted its holdings in e.l.f. Beauty by 1.3% during the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company's stock worth $990,000 after buying an additional 102 shares during the last quarter. Arizona State Retirement System grew its holdings in e.l.f. Beauty by 0.8% during the fourth quarter. Arizona State Retirement System now owns 16,365 shares of the company's stock valued at $2,055,000 after purchasing an additional 128 shares during the period. Treasurer of the State of North Carolina increased its position in shares of e.l.f. Beauty by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company's stock valued at $2,967,000 after buying an additional 140 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its position in shares of e.l.f. Beauty by 7.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company's stock worth $262,000 after purchasing an additional 150 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $78.02 on Friday. The stock has a fifty day simple moving average of $62.04 and a 200 day simple moving average of $93.74. e.l.f. Beauty, Inc. has a twelve month low of $49.40 and a twelve month high of $219.77. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 46.17, a PEG ratio of 6.76 and a beta of 1.31. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20.

Analyst Upgrades and Downgrades

ELF has been the topic of a number of recent research reports. UBS Group dropped their target price on e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Robert W. Baird boosted their price target on e.l.f. Beauty from $85.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday. Canaccord Genuity Group decreased their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. DA Davidson lowered their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, The Goldman Sachs Group cut their price target 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 analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $112.47.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the business's stock in a transaction on 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 owns 1,888 shares in the company, valued at approximately $127,232.32. The trade was a 67.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 97,915 shares of the company's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $5,224,744.40. Following the transaction, the chief executive officer now owns 181,289 shares in the company, valued at approximately $9,673,581.04. The trade was a 35.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 204,618 shares of company stock worth $10,974,536 over the last ninety days. 3.50% of the stock is owned by insiders.

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.

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