Mirae Asset Global Investments Co. Ltd. Buys 8,408 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Mirae Asset Global Investments Co. Ltd. grew its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 30.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,662 shares of the company's stock after acquiring an additional 8,408 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.06% of e.l.f. Beauty worth $5,155,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Braun Stacey Associates Inc. purchased a new stake in e.l.f. Beauty in the fourth quarter valued at approximately $24,809,000. AMI Asset Management Corp purchased a new stake in e.l.f. Beauty during the fourth quarter worth approximately $1,315,000. State of Alaska Department of Revenue grew its stake in e.l.f. Beauty by 0.3% during the fourth quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company's stock worth $4,906,000 after buying an additional 85 shares during the period. McGlone Suttner Wealth Management Inc. purchased a new stake in e.l.f. Beauty during the fourth quarter worth approximately $73,000. Finally, PFG Investments LLC purchased a new stake in e.l.f. Beauty during the fourth quarter worth approximately $305,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Insider Activity at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total value of $4,677,693.91. Following the transaction, the chief executive officer now owns 10,889 shares of the company's stock, valued at $2,165,713.21. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 5.20% of the company's stock.

Wall Street Analysts Forecast Growth

ELF has been the subject of several research reports. TD Cowen boosted their price objective on shares of e.l.f. Beauty from $185.00 to $220.00 and gave the stock a "market perform" rating in a research note on Wednesday, March 13th. StockNews.com cut shares of e.l.f. Beauty from a "hold" rating to a "sell" rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. boosted their target price on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the stock an "overweight" rating in a research report on Thursday, January 18th. Raymond James boosted their target price on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the stock a "strong-buy" rating in a research report on Monday, January 22nd. Finally, Morgan Stanley boosted their target price on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of "Moderate Buy" and an average target price of $186.83.

e.l.f. Beauty Stock Up 1.4 %

ELF traded up $2.26 during midday trading on Tuesday, hitting $165.66. 1,145,242 shares of the company's stock traded hands, compared to its average volume of 1,537,551. The company has a market cap of $9.20 billion, a PE ratio of 73.30, a price-to-earnings-growth ratio of 1.51 and a beta of 1.57. The stock's fifty day simple moving average is $186.67 and its 200-day simple moving average is $148.31. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. e.l.f. Beauty, Inc. has a one year low of $83.80 and a one year high of $221.83.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. The firm had revenue of $270.94 million for the quarter, compared to analyst estimates of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. As a group, equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current fiscal year.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.