Bank of Montreal Can Buys 4,023 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Bank of Montreal Can raised its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 24.2% in the fourth quarter, HoldingsChannel reports. The fund owned 20,668 shares of the company’s stock after acquiring an additional 4,023 shares during the period. Bank of Montreal Can’s holdings in e.l.f. Beauty were worth $2,595,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Baillie Gifford & Co. grew its holdings in e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock valued at $1,005,584,000 after buying an additional 2,703,742 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of e.l.f. Beauty by 40.9% in 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 acquiring an additional 669,321 shares during the period. Raymond James Financial Inc. acquired a new position in shares of e.l.f. Beauty in the fourth quarter valued at about $68,775,000. Clearbridge Investments LLC increased its position in e.l.f. Beauty by 17.5% during the fourth quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company’s stock worth $222,541,000 after acquiring an additional 264,296 shares during the period. Finally, Principal Financial Group Inc. raised its stake in e.l.f. Beauty by 149.8% in the 4th quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock worth $41,250,000 after purchasing an additional 197,028 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ELF. Truist Financial raised their target price on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. The Goldman Sachs Group lowered their price objective on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. B. Riley reiterated a “buy” rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Piper Sandler decreased their price target on e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, March 31st. Finally, 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 research report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $124.76.

Insider Transactions at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock opened at $50.11 on Thursday. The company’s 50 day moving average price is $64.93 and its two-hundred day moving average price is $99.98. The firm has a market capitalization of $2.83 billion, a P/E ratio of 29.65, a P/E/G ratio of 6.76 and a beta of 1.41. e.l.f. Beauty, Inc. has a fifty-two week low of $49.40 and a fifty-two week high of $219.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data 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 net margin of 7.55% and a return on equity of 16.88%. On average, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

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.