Dimensional Fund Advisors LP Boosts Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Dimensional Fund Advisors LP grew its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 9.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 456,433 shares of the company's stock after acquiring an additional 39,549 shares during the quarter. Dimensional Fund Advisors LP owned 0.81% of e.l.f. Beauty worth $57,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ELF. Wilmington Savings Fund Society FSB bought a new stake in e.l.f. Beauty in the 3rd quarter worth about $25,000. Nemes Rush Group LLC bought a new position in shares of e.l.f. Beauty in the fourth quarter valued at approximately $27,000. Promus Capital LLC purchased a new stake in shares of e.l.f. Beauty during the fourth quarter valued at approximately $31,000. Kestra Investment Management LLC bought a new stake in e.l.f. Beauty during the fourth quarter worth $32,000. Finally, Financial Life Planners purchased a new position in e.l.f. Beauty in the fourth quarter worth $46,000. Institutional investors own 92.44% of the company's stock.

Wall Street Analysts Forecast Growth

ELF has been the topic of a number of recent analyst reports. Truist Financial lowered their target price on e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group dropped their target price on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. 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 for the company in a research note on Friday, February 7th. Stifel Nicolaus lowered their price target on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a report on Monday, February 3rd. Finally, B. Riley reissued a "buy" rating and set a $90.00 price objective (down from $150.00) 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 issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $116.88.

e.l.f. Beauty Price Performance

NYSE ELF traded down $0.13 on Monday, hitting $67.92. The stock had a trading volume of 1,719,361 shares, compared to its average volume of 2,362,082. The firm has a 50-day moving average of $61.40 and a 200-day moving average of $95.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. e.l.f. Beauty, Inc. has a 52-week low of $49.40 and a 52-week high of $219.77. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 40.19, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted 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 net margin of 7.55% and a return on equity of 16.88%. Equities analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tarang Amin sold 97,915 shares of the firm's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $5,224,744.40. Following the transaction, the chief executive officer now directly owns 181,289 shares in the company, valued at approximately $9,673,581.04. This represents a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 204,618 shares of company stock valued at $10,974,536. 3.50% of the stock is owned by corporate 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.