Mercer Global Advisors Inc. ADV acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,994 shares of the company's stock, valued at approximately $501,000.
A number of other institutional investors also recently bought and sold shares of ELF. Nisa Investment Advisors LLC grew its position in e.l.f. Beauty by 3.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company's stock worth $361,000 after acquiring an additional 91 shares during the period. Truist Financial Corp lifted its stake 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 purchasing an additional 102 shares in the last quarter. Arizona State Retirement System lifted its stake 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 worth $2,055,000 after purchasing an additional 128 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in e.l.f. Beauty by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company's stock worth $2,967,000 after acquiring an additional 140 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its stake in 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 hedge funds and other institutional investors.
Insider Buying and Selling at e.l.f. Beauty
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 value of $269,560.00. Following the sale, the director now owns 1,888 shares of the company's stock, valued at $127,232.32. The trade was a 67.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kory Marchisotto sold 51,350 shares of the business's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,036.00. Following the transaction, the insider now owns 152,492 shares in the company, valued at approximately $8,136,973.12. This trade represents a 25.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 204,618 shares of company stock worth $10,974,536. 3.50% of the stock is currently owned by insiders.
Analysts Set New Price Targets
ELF has been the subject of several recent research reports. Truist Financial decreased their price target on shares of e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. DA Davidson reduced their target price on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Robert W. Baird raised their price target on e.l.f. Beauty from $85.00 to $100.00 and gave the company an "outperform" rating in a research note on Wednesday. The Goldman Sachs Group cut their target price on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Finally, Morgan Stanley reissued an "equal weight" rating and set a $70.00 price objective (down previously from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. 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 stock has a consensus rating of "Moderate Buy" and a consensus target price of $112.47.
Check Out Our Latest Research Report on ELF
e.l.f. Beauty Stock Performance
Shares of NYSE ELF traded up $1.06 during midday trading on Friday, reaching $79.24. 1,740,390 shares of the company were exchanged, compared to its average volume of 2,405,469. The stock has a market cap of $4.47 billion, a P/E ratio of 46.89, a PEG ratio of 6.76 and a beta of 1.31. e.l.f. Beauty, Inc. has a 1 year low of $49.40 and a 1 year high of $219.77. The stock has a fifty day simple moving average of $62.04 and a 200 day simple moving average of $93.74. 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 Profile
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Free Report)
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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