Dimensional Fund Advisors LP Purchases 7,999 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Dimensional Fund Advisors LP raised its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 952,863 shares of the company's stock after purchasing an additional 7,999 shares during the period. Dimensional Fund Advisors LP owned 1.73% of e.l.f. Beauty worth $137,538,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Raymond James & Associates lifted its stake in shares of e.l.f. Beauty by 17.2% in the 3rd quarter. Raymond James & Associates now owns 31,370 shares of the company's stock valued at $3,445,000 after purchasing an additional 4,608 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of e.l.f. Beauty by 10.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,336 shares of the company's stock worth $366,000 after acquiring an additional 323 shares in the last quarter. Park Avenue Securities LLC acquired a new position in shares of e.l.f. Beauty during the 3rd quarter valued at about $252,000. Teacher Retirement System of Texas increased its holdings in shares of e.l.f. Beauty by 11.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 38,798 shares of the company's stock valued at $4,261,000 after acquiring an additional 3,909 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of e.l.f. Beauty by 9.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,084 shares of the company's stock valued at $668,000 after acquiring an additional 500 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded down $3.81 on Friday, hitting $158.45. The company's stock had a trading volume of 1,372,445 shares, compared to its average volume of 1,459,429. e.l.f. Beauty, Inc. has a one year low of $83.80 and a one year high of $221.83. The firm has a market cap of $8.80 billion, a P/E ratio of 70.11, a price-to-earnings-growth ratio of 1.49 and a beta of 1.60. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average price of $176.63 and a 200-day moving average price of $158.55.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. DA Davidson reaffirmed a "buy" rating and set a $220.00 target price on shares of e.l.f. Beauty in a research report on Monday, April 8th. Truist Financial lifted their target price on shares of e.l.f. Beauty from $150.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th. StockNews.com cut shares of e.l.f. Beauty from a "hold" rating to a "sell" rating in a report on Wednesday, February 7th. Piper Sandler dropped their price objective on e.l.f. Beauty from $228.00 to $216.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus increased their target price on e.l.f. Beauty from $141.00 to $167.00 and gave the company a "hold" rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $183.33.

Insider Activity

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the firm's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the completion of the transaction, the chief executive officer now owns 10,889 shares in the company, valued at $2,165,713.21. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Joshua Allen Franks sold 727 shares of the business's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $165.16, for a total value of $120,071.32. Following the sale, the senior vice president now owns 83,736 shares in the company, valued at approximately $13,829,837.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 23,519 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the sale, the chief executive officer now owns 10,889 shares of the company's stock, valued at approximately $2,165,713.21. The disclosure for this sale can be found here. In the last three months, insiders have sold 201,600 shares of company stock worth $34,307,124. Corporate insiders own 5.20% of the company's stock.

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.