Vanguard Group Inc. Purchases 68,103 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Vanguard Group Inc. increased its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,497,208 shares of the company’s stock after buying an additional 68,103 shares during the period. Vanguard Group Inc. owned 0.10% of e.l.f. Beauty worth $690,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of e.l.f. Beauty in the third quarter worth about $25,000. Promus Capital LLC bought a new position in e.l.f. Beauty in the 4th quarter worth approximately $31,000. Kestra Investment Management LLC acquired a new position in shares of e.l.f. Beauty during the fourth quarter worth approximately $32,000. Financial Life Planners bought a new stake in shares of e.l.f. Beauty in the fourth quarter valued at approximately $46,000. Finally, New Wave Wealth Advisors LLC acquired a new stake in shares of e.l.f. Beauty in the fourth quarter worth $65,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Buying and Selling at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the business’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 completion of the transaction, the director now directly owns 1,888 shares in the company, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ELF shares. Morgan Stanley reissued an “equal weight” rating and issued a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Canaccord Genuity Group decreased their target price on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Stifel Nicolaus lowered their price target on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their price objective on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Piper Sandler lowered their price objective on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $132.65.

e.l.f. Beauty Stock Down 0.4 %

Shares of NYSE:ELF opened at $64.87 on Monday. e.l.f. Beauty, Inc. has a 12 month low of $60.35 and a 12 month high of $219.77. The firm has a market cap of $3.66 billion, a P/E ratio of 38.38, a P/E/G ratio of 6.76 and a beta of 1.60. 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 company’s 50-day moving average price is $79.12 and its two-hundred day moving average price is $105.76.

e.l.f. Beauty (NYSE:ELF) last issued 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%. As a group, research analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

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.