e.l.f. Beauty, Inc. (NYSE:ELF) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 42.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,235 shares of the company's stock after purchasing an additional 30,530 shares during the quarter. Harbor Capital Advisors Inc. owned 0.18% of e.l.f. Beauty worth $6,482,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Truist Financial Corp lifted its holdings in e.l.f. Beauty by 1.3% during the 4th 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 lifted its holdings in e.l.f. Beauty by 0.8% during the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company's stock worth $2,055,000 after buying an additional 128 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings 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 buying an additional 140 shares during the last quarter. Atria Wealth Solutions Inc. lifted its holdings in shares of e.l.f. Beauty by 7.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company's stock valued at $262,000 after purchasing an additional 150 shares during the last quarter. Finally, Horizon Investments LLC lifted its holdings in shares of e.l.f. Beauty by 29.0% in the 4th quarter. Horizon Investments LLC now owns 742 shares of the company's stock valued at $93,000 after purchasing an additional 167 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Joshua Allen Franks sold 51,353 shares of the company'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 value of $2,740,196.08. Following the sale, the senior vice president now owns 114,660 shares in the company, valued at $6,118,257.60. This represents a 30.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Tarang Amin sold 2,405 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $117.61, for a total value of $282,852.05. Following the sale, the chief executive officer now owns 186,586 shares in the company, valued at approximately $21,944,379.46. This trade represents a 1.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 327,207 shares of company stock worth $25,252,926. Company insiders own 3.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. The Goldman Sachs Group reduced their target price on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a report on Friday, February 21st. Bank of America boosted their target price on e.l.f. Beauty from $80.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Piper Sandler reissued an "overweight" rating and issued a $109.00 target price (up from $81.00) on shares of e.l.f. Beauty in a report on Thursday, May 29th. Jefferies Financial Group set a $115.00 target price on e.l.f. Beauty and gave the company a "buy" rating in a report on Thursday, May 29th. Finally, UBS Group boosted their target price on e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, May 21st. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $120.71.

e.l.f. Beauty Stock Performance

NYSE ELF traded up $3.78 on Thursday, hitting $128.30. 2,544,811 shares of the company's stock were exchanged, compared to its average volume of 2,537,481. 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 firm's 50-day moving average price is $77.49 and its two-hundred day moving average price is $91.58. e.l.f. Beauty, Inc. has a fifty-two week low of $49.40 and a fifty-two week high of $219.77. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 75.92, a P/E/G ratio of 6.76 and a beta of 1.52.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. The company had revenue of $332.65 million for the quarter, compared to analysts' expectations of $327.45 million. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm's quarterly revenue was up 3.6% on a year-over-year basis. On average, research analysts expect 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.