AGF Management Ltd. Invests $7.46 Million in e.l.f. Beauty, Inc. (NYSE:ELF)

AGF Management Ltd. purchased a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 51,651 shares of the company's stock, valued at approximately $7,455,000. AGF Management Ltd. owned 0.09% of e.l.f. Beauty as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Principal Securities Inc. acquired a new stake in e.l.f. Beauty during the fourth quarter valued at approximately $117,000. Montag A & Associates Inc. acquired a new position in shares of e.l.f. Beauty in the 4th quarter worth $58,000. Charles Schwab Investment Management Inc. raised its position in shares of e.l.f. Beauty by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 631,550 shares of the company's stock worth $91,158,000 after purchasing an additional 24,191 shares during the period. Avalon Trust Co purchased a new stake in shares of e.l.f. Beauty during the fourth quarter valued at $87,000. Finally, Beacon Harbor Wealth Advisors Inc. acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at $6,593,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Joshua Allen Franks sold 727 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $165.16, for a total value of $120,071.32. Following the transaction, the senior vice president now owns 83,736 shares in the company, valued at $13,829,837.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Kory Marchisotto sold 29,408 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $166.40, for a total value of $4,893,491.20. Following the completion of the sale, the insider now directly owns 156,969 shares of the company's stock, valued at $26,119,641.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joshua Allen Franks sold 727 shares of the business's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the transaction, the senior vice president now directly owns 83,736 shares in the company, valued at approximately $13,829,837.76. The disclosure for this sale can be found here. Insiders sold a total of 201,600 shares of company stock worth $34,307,124 in the last three months. 5.20% of the stock is owned by insiders.

e.l.f. Beauty Stock Down 3.7 %

Shares of NYSE ELF traded down $6.34 during mid-day trading on Friday, reaching $164.09. The company had a trading volume of 1,064,640 shares, compared to its average volume of 1,558,103. The stock has a market capitalization of $9.11 billion, a PE ratio of 72.61, a price-to-earnings-growth ratio of 1.54 and a beta of 1.60. e.l.f. Beauty, Inc. has a twelve month low of $83.80 and a twelve month high of $221.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. The stock's 50 day moving average is $180.96 and its 200-day moving average is $155.98.

Analysts Set New Price Targets

ELF has been the topic of several recent analyst reports. Truist Financial boosted their price objective on e.l.f. Beauty from $150.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th. DA Davidson restated a "buy" rating and set a $220.00 price target on shares of e.l.f. Beauty in a report on Monday, April 8th. Morgan Stanley raised their price objective on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 7th. Robert W. Baird started coverage on shares of e.l.f. Beauty in a research report on Tuesday, January 30th. They set a "neutral" rating and a $185.00 price objective on the stock. Finally, Piper Sandler increased their target price on e.l.f. Beauty from $225.00 to $228.00 and gave the company an "overweight" rating in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, e.l.f. Beauty presently has an average rating of "Moderate Buy" and a consensus price target of $184.33.

e.l.f. Beauty Company 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.