Ethic Inc. purchased a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,094 shares of the company's stock, valued at approximately $514,000.
Other hedge funds have also recently made changes to their positions in the company. Baillie Gifford & Co. raised its position in shares of e.l.f. Beauty by 51.0% in the 4th 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 in the last quarter. Champlain Investment Partners LLC raised its stake 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 valued at $279,531,000 after buying an additional 1,111,550 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of e.l.f. Beauty by 40.9% during the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock valued at $289,437,000 after acquiring an additional 669,321 shares during the period. Aspex Management HK Ltd bought a new stake in e.l.f. Beauty during the 4th quarter worth approximately $73,576,000. Finally, Raymond James Financial Inc. purchased a new stake in e.l.f. Beauty in the 4th quarter worth $68,775,000. 92.44% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on ELF. Morgan Stanley reiterated an "equal weight" rating and issued a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Stifel Nicolaus reduced their price objective on e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Robert W. Baird boosted their price target on shares of e.l.f. Beauty from $85.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. Finally, B. Riley reiterated a "buy" rating and set a $90.00 price objective (down previously from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Five investment 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 stock. Based on data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.47.
Get Our Latest Stock Report on ELF
Insider Transactions at e.l.f. Beauty
In other news, insider Kory Marchisotto sold 51,350 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $2,740,036.00. Following the completion of the transaction, the insider now directly owns 152,492 shares of the company's stock, valued at $8,136,973.12. This trade represents a 25.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction on 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 directly owns 1,888 shares in the company, valued at approximately $127,232.32. The trade was a 67.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,618 shares of company stock valued at $10,974,536. Corporate insiders own 3.50% of the company's stock.
e.l.f. Beauty Stock Up 0.3%
Shares of ELF stock traded up $0.23 during trading on Monday, reaching $79.53. The company's stock had a trading volume of 1,479,093 shares, compared to its average volume of 2,410,283. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 47.06, a P/E/G 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 company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The stock's 50-day moving average price is $62.23 and its 200 day moving average price is $93.31.
About e.l.f. Beauty
(
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.
Featured Articles
Before you consider e.l.f. Beauty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and e.l.f. Beauty wasn't on the list.
While e.l.f. Beauty currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
