Voya Investment Management LLC Buys 11,569 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Voya Investment Management LLC grew its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 13.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,264 shares of the company's stock after acquiring an additional 11,569 shares during the period. Voya Investment Management LLC owned 0.17% of e.l.f. Beauty worth $12,337,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ELF. Baillie Gifford & Co. increased its position in e.l.f. Beauty by 51.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock worth $1,005,584,000 after purchasing an additional 2,703,742 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in shares of e.l.f. Beauty by 99.7% during the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock valued at $279,531,000 after purchasing an additional 1,111,550 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of e.l.f. Beauty by 40.9% during the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock valued at $289,437,000 after purchasing an additional 669,321 shares in the last quarter. Raymond James Financial Inc. bought a new position in e.l.f. Beauty in the 4th quarter valued at approximately $68,775,000. Finally, Capital World Investors grew its holdings in e.l.f. Beauty by 294.9% during the 4th quarter. Capital World Investors now owns 418,852 shares of the company's stock worth $52,587,000 after acquiring an additional 312,776 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on ELF. JPMorgan Chase & Co. reduced their price objective on shares of e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group decreased their price target on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research note on Friday, February 21st. UBS Group reduced their target price on e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Morgan Stanley restated an "equal weight" rating and set a $70.00 price target (down previously from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Finally, Truist Financial reduced their price objective on shares of e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Five 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's stock. According to data from MarketBeat, e.l.f. Beauty currently has an average rating of "Moderate Buy" and a consensus price target of $116.88.

e.l.f. Beauty Stock Up 0.6 %

Shares of ELF traded up $0.34 during trading hours on Thursday, reaching $62.21. The stock had a trading volume of 1,891,557 shares, compared to its average volume of 2,353,560. The firm has a 50-day simple moving average of $61.75 and a 200 day simple moving average of $96.67. e.l.f. Beauty, Inc. has a 12 month low of $49.40 and a 12 month high of $219.77. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 36.81, a P/E/G ratio of 6.76 and a beta of 1.41.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. Equities research analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, insider Kory Marchisotto sold 51,350 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,036.00. Following the completion of the sale, the insider now directly owns 152,492 shares of the company's stock, valued at approximately $8,136,973.12. This trade represents a 25.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction on Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the sale, the director now owns 1,888 shares in the company, valued at $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 204,618 shares of company stock valued at $10,974,536 over the last ninety days. 3.50% of the stock is currently owned by insiders.

e.l.f. Beauty 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.