Pictet Asset Management Holding SA Buys 837 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Pictet Asset Management Holding SA lifted its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 11.5% in the fourth quarter, HoldingsChannel reports. The fund owned 8,120 shares of the company’s stock after acquiring an additional 837 shares during the period. Pictet Asset Management Holding SA’s holdings in e.l.f. Beauty were worth $1,019,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in e.l.f. Beauty during the third quarter valued at approximately $25,000. Promus Capital LLC bought a new stake in shares of e.l.f. Beauty during the 4th quarter valued at $31,000. Kestra Investment Management LLC purchased a new position in shares of e.l.f. Beauty during the 4th quarter valued at $32,000. Financial Life Planners bought a new position in e.l.f. Beauty in the 4th quarter worth $46,000. Finally, New Wave Wealth Advisors LLC purchased a new stake in e.l.f. Beauty in the 4th quarter worth $65,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. B. Riley restated a “buy” rating and issued a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Stifel Nicolaus cut their price objective on shares of 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. Morgan Stanley reissued an “equal weight” rating and issued a $70.00 target price (down previously from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Canaccord Genuity Group cut their target price on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, Raymond James dropped their price objective on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a report on Friday, February 7th. Five equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $130.24.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock opened at $54.88 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The firm has a market capitalization of $3.10 billion, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. e.l.f. Beauty, Inc. has a 1-year low of $49.90 and a 1-year high of $219.77. The company’s 50-day moving average is $73.38 and its 200 day moving average is $103.89.

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

Insider Buying and Selling

In other e.l.f. Beauty news, 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 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.50% of the stock is 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.