e.l.f. Beauty, Inc. (NYSE:ELF) Shares Bought by Atria Investments Inc

Atria Investments Inc grew its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 15.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,606 shares of the company’s stock after purchasing an additional 1,292 shares during the quarter. Atria Investments Inc’s holdings in e.l.f. Beauty were worth $1,206,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Baillie Gifford & Co. lifted its stake in shares of e.l.f. Beauty by 51.0% during the fourth 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. State Street Corp lifted its stake in shares of e.l.f. Beauty by 3.7% during the third quarter. State Street Corp now owns 1,665,203 shares of the company’s stock worth $181,557,000 after purchasing an additional 59,248 shares in the last quarter. FMR LLC lifted its stake in shares of e.l.f. Beauty by 5.5% during the third quarter. FMR LLC now owns 1,186,766 shares of the company’s stock worth $129,393,000 after purchasing an additional 61,524 shares in the last quarter. Champlain Investment Partners LLC acquired a new position in shares of e.l.f. Beauty during the third quarter worth about $121,558,000. Finally, Geode Capital Management LLC lifted its stake in shares of e.l.f. Beauty by 2.7% during the third quarter. Geode Capital Management LLC now owns 955,064 shares of the company’s stock worth $104,158,000 after purchasing an additional 24,778 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Buying and Selling

In related news, Director Maureen C. Watson sold 4,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $127,232.32. This trade represents a 67.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.50% of the company’s stock.

e.l.f. Beauty Trading Down 6.0 %

NYSE:ELF opened at $69.58 on Wednesday. The company has a market cap of $3.92 billion, a PE ratio of 41.17, a P/E/G ratio of 6.76 and a beta of 1.60. e.l.f. Beauty, Inc. has a 52 week low of $61.90 and a 52 week high of $219.77. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $95.51 and its two-hundred day moving average is $112.40.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (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, analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. DA Davidson reiterated a “neutral” rating and issued a $80.00 price target on shares of e.l.f. Beauty in a research note on Tuesday, February 18th. Stifel Nicolaus reduced their price target on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Piper Sandler reduced their price target on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. UBS Group reissued a “neutral” rating and issued a $74.00 price target (down previously from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $70.00 price target (down previously from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.94.

About e.l.f. Beauty

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.