Harbor Capital Advisors Inc. Has $6.48 Million Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Harbor Capital Advisors Inc. increased its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 42.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 103,235 shares of the company's stock after acquiring an additional 30,530 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.18% of e.l.f. Beauty worth $6,482,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ELF. Wilmington Savings Fund Society FSB boosted its stake in e.l.f. Beauty by 84.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company's stock worth $54,000 after purchasing an additional 197 shares during the last quarter. Stephens Inc. AR raised its position in e.l.f. Beauty by 9.3% in the 4th quarter. Stephens Inc. AR now owns 6,484 shares of the company's stock valued at $814,000 after purchasing an additional 553 shares in the last quarter. Legato Capital Management LLC purchased a new stake in shares of e.l.f. Beauty during the 4th quarter worth $926,000. Van ECK Associates Corp boosted its holdings in e.l.f. Beauty by 17.0% in the fourth quarter. Van ECK Associates Corp now owns 43,975 shares of the company's stock valued at $5,521,000 after purchasing an additional 6,387 shares in the last quarter. Finally, Vontobel Holding Ltd. acquired a new stake in shares of e.l.f. Beauty during the fourth quarter worth about $718,000. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF traded down $3.53 during trading hours on Friday, hitting $125.01. 2,219,227 shares of the company's stock traded hands, compared to its average volume of 2,549,576. e.l.f. Beauty, Inc. has a 52 week low of $49.40 and a 52 week high of $219.77. The company's fifty day simple moving average is $78.97 and its two-hundred day simple moving average is $91.58. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 73.97, a price-to-earnings-growth ratio of 6.76 and a beta of 1.52. 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 (NYSE:ELF - Get Free Report) last released its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, beating 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 business posted $0.53 EPS. The business's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In other news, insider Jennifer Catherine Hartnett sold 9,506 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $116.52, for a total transaction of $1,107,639.12. Following the completion of the sale, the insider now owns 53,903 shares in the company, valued at $6,280,777.56. The trade was a 14.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Joshua Allen Franks sold 51,353 shares of e.l.f. Beauty stock in a transaction 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 directly owns 114,660 shares of the company's stock, valued at approximately $6,118,257.60. This trade represents a 30.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 327,207 shares of company stock worth $25,252,926 over the last three months. 3.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Truist Financial lifted their target price on e.l.f. Beauty from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Canaccord Genuity Group set a $114.00 target price on e.l.f. Beauty in a research note on Thursday, May 29th. Morgan Stanley boosted their target price on e.l.f. Beauty from $70.00 to $105.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Piper Sandler reissued an "overweight" rating and issued a $109.00 price objective (up from $81.00) on shares of e.l.f. Beauty in a research report on Thursday, May 29th. Finally, Bank of America boosted their price objective 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. Five 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 company. Based on data from MarketBeat, e.l.f. Beauty has an average rating of "Moderate Buy" and a consensus target price of $124.24.

e.l.f. Beauty Company 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.