Price T Rowe Associates Inc. MD Has $52.52 Million Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Price T Rowe Associates Inc. MD lessened its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 13.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 418,303 shares of the company's stock after selling 64,009 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.74% of e.l.f. Beauty worth $52,518,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Baillie Gifford & Co. grew its holdings in e.l.f. Beauty by 51.0% during the fourth 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 during the period. Champlain Investment Partners LLC grew its position in e.l.f. Beauty by 99.7% during the 4th quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock worth $279,531,000 after purchasing an additional 1,111,550 shares in the last quarter. William Blair Investment Management LLC raised its position in e.l.f. Beauty by 40.9% during the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock valued at $289,437,000 after buying an additional 669,321 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of e.l.f. Beauty in the fourth quarter worth approximately $68,775,000. Finally, Capital World Investors boosted its stake in shares of e.l.f. Beauty by 294.9% during the 4th quarter. Capital World Investors now owns 418,852 shares of the company's stock valued at $52,587,000 after buying an additional 312,776 shares during the period. Institutional investors own 92.44% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus reduced their price target on e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating for the company in a report on Monday, February 3rd. 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. Canaccord Genuity Group cut 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 report on Friday, February 7th. Truist Financial decreased their price objective on shares of e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, 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 report on Friday, February 21st. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $116.88.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 97,915 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 181,289 shares in the company, valued at $9,673,581.04. This trade represents a 35.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kory Marchisotto sold 51,350 shares of the business's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $2,740,036.00. Following the completion of the sale, the insider now directly owns 152,492 shares in the company, valued at approximately $8,136,973.12. This represents a 25.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 204,618 shares of company stock worth $10,974,536. 3.50% of the stock is owned by corporate insiders.

e.l.f. Beauty Stock Performance

NYSE:ELF traded up $5.99 during trading hours on Friday, hitting $68.24. 2,585,100 shares of the company traded hands, compared to its average volume of 2,364,662. 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 twelve month low of $49.40 and a twelve month high of $219.77. The firm has a 50-day moving average of $61.40 and a 200 day moving average of $95.93. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 40.38, a P/E/G ratio of 6.76 and a beta of 1.31.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its 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 return on equity of 16.88% and a net margin of 7.55%. On average, analysts forecast 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.