Alberta Investment Management Corp Boosts Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Alberta Investment Management Corp boosted its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 23.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,748 shares of the company's stock after purchasing an additional 4,466 shares during the quarter. Alberta Investment Management Corp's holdings in e.l.f. Beauty were worth $2,982,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ELF. Baillie Gifford & Co. increased its holdings in shares of 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 worth $1,005,584,000 after buying an additional 2,703,742 shares during the last quarter. Champlain Investment Partners LLC bought a new stake in e.l.f. Beauty during the third quarter worth approximately $121,558,000. Swedbank AB purchased a new stake in e.l.f. Beauty during the third quarter valued at approximately $76,321,000. Thrivent Financial for Lutherans lifted its stake in shares of e.l.f. Beauty by 223.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company's stock valued at $60,543,000 after purchasing an additional 383,478 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in shares of e.l.f. Beauty by 20,187.5% in the 3rd quarter. Westfield Capital Management Co. LP now owns 334,743 shares of the company's stock worth $36,497,000 after purchasing an additional 333,093 shares during the period. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Stock Up 5.1 %

NYSE:ELF traded up $3.65 during mid-day trading on Friday, reaching $74.76. The company's stock had a trading volume of 2,952,613 shares, compared to its average volume of 3,284,145. 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 firm has a market capitalization of $4.22 billion, a PE ratio of 44.23, a price-to-earnings-growth ratio of 6.95 and a beta of 1.47. The stock has a fifty day moving average of $111.49 and a 200-day moving average of $121.74. e.l.f. Beauty, Inc. has a 1 year low of $63.50 and a 1 year high of $221.83.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released 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 forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Wall Street Analyst Weigh In

ELF has been the subject of a number of analyst reports. DA Davidson restated a "neutral" rating and issued a $80.00 price target on shares of e.l.f. Beauty in a research report on Tuesday. Canaccord Genuity Group lowered 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 report on Friday, February 7th. Jefferies Financial Group dropped their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They issued a "hold" rating and a $133.00 price objective on the stock. Finally, Raymond James dropped their target price on e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating for the company in a research report on Friday, February 7th. Five 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $132.94.

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

In other news, Director Maureen C. Watson sold 785 shares of the firm's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. This trade represents a 29.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the transaction, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Company 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.