Thornburg Investment Management Inc. Increases Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Thornburg Investment Management Inc. raised its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 19.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,778 shares of the company's stock after acquiring an additional 5,198 shares during the period. Thornburg Investment Management Inc. owned about 0.06% of e.l.f. Beauty worth $3,990,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. increased its position in shares of e.l.f. Beauty by 149.8% during the 4th quarter. Principal Financial Group Inc. now owns 328,557 shares of the company's stock valued at $41,250,000 after purchasing an additional 197,028 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of e.l.f. Beauty by 441.0% during the 4th quarter. Global Retirement Partners LLC now owns 8,283 shares of the company's stock valued at $1,040,000 after purchasing an additional 6,752 shares during the last quarter. Robbins Farley increased its position in shares of e.l.f. Beauty by 27.1% during the 4th quarter. Robbins Farley now owns 34,396 shares of the company's stock valued at $4,318,000 after purchasing an additional 7,335 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of e.l.f. Beauty by 43.4% during the 4th quarter. Pacer Advisors Inc. now owns 11,802 shares of the company's stock valued at $1,482,000 after purchasing an additional 3,572 shares during the last quarter. Finally, Ibex Wealth Advisors purchased a new stake in shares of e.l.f. Beauty during the 4th quarter valued at $5,519,000. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Price Performance

NYSE:ELF traded down $2.36 during mid-day trading on Wednesday, reaching $79.15. The stock had a trading volume of 2,370,901 shares, compared to its average volume of 2,414,286. The firm has a 50 day moving average price of $63.05 and a two-hundred day moving average price of $92.97. The stock has a market capitalization of $4.46 billion, a P/E ratio of 46.83, a P/E/G ratio of 6.76 and a beta of 1.31. e.l.f. Beauty, Inc. has a one year low of $49.40 and a one year high of $219.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90.

Insider Buying and Selling at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the transaction, the director now owns 1,888 shares in the company, valued at $127,232.32. This represents a 67.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tarang Amin sold 97,915 shares of the company'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 value of $5,224,744.40. Following the transaction, the chief executive officer now owns 181,289 shares of the company's stock, valued at approximately $9,673,581.04. This represents a 35.07% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 204,618 shares of company stock worth $10,974,536. 3.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ELF shares. DA Davidson lowered their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. The Goldman Sachs Group lowered their price objective on 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. Raymond James lowered their price objective on e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating on the stock in a research note on Thursday, April 17th. Canaccord Genuity Group lowered their price objective on e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Finally, B. Riley restated a "buy" rating and issued a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $109.82.

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.