Pinebridge Investments L.P. Boosts Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Pinebridge Investments L.P. lifted its holdings in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 42.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,465 shares of the company's stock after purchasing an additional 4,926 shares during the period. Pinebridge Investments L.P.'s holdings in e.l.f. Beauty were worth $2,067,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. lifted 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 buying an additional 197,028 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in e.l.f. Beauty by 441.0% during the fourth 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 in the last quarter. Robbins Farley boosted its position in shares of e.l.f. Beauty by 27.1% in the fourth quarter. Robbins Farley now owns 34,396 shares of the company's stock worth $4,318,000 after purchasing an additional 7,335 shares during the period. Pacer Advisors Inc. increased its stake in shares of e.l.f. Beauty by 43.4% in the fourth quarter. Pacer Advisors Inc. now owns 11,802 shares of the company's stock worth $1,482,000 after purchasing an additional 3,572 shares in the last quarter. Finally, Ibex Wealth Advisors bought a new stake in shares of e.l.f. Beauty during the 4th quarter valued at $5,519,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Trading Up 0.6 %

e.l.f. Beauty stock traded up $0.34 during mid-day trading on Thursday, hitting $62.21. The company's stock had a trading volume of 1,891,557 shares, compared to its average volume of 2,350,525. e.l.f. Beauty, Inc. has a one year low of $49.40 and a one year high of $219.77. The stock has a market cap of $3.51 billion, a PE ratio of 36.81, a P/E/G ratio of 6.76 and a beta of 1.41. The company has a 50 day moving average of $61.75 and a 200-day moving average of $96.67. 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 posted its quarterly earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. On average, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. UBS Group cut their price target on e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered their target price on shares of e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. B. Riley reaffirmed a "buy" rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. DA Davidson dropped their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, Raymond James reduced their target price on e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating on the stock in a report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $116.88.

Insider Activity

In related news, CEO Tarang Amin sold 97,915 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 181,289 shares of the company's stock, valued at $9,673,581.04. This represents a 35.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maureen C. Watson sold 4,000 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at $127,232.32. This trade represents a 67.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 204,618 shares of company stock valued at $10,974,536. Corporate insiders own 3.50% of the company's stock.

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.