Bessemer Group Inc. Increases Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Bessemer Group Inc. boosted its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 22.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 258,233 shares of the company's stock after acquiring an additional 46,518 shares during the period. Bessemer Group Inc. owned 0.46% of e.l.f. Beauty worth $32,421,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of e.l.f. Beauty in the third quarter valued at approximately $25,000. Nemes Rush Group LLC bought a new stake in e.l.f. Beauty during the 4th quarter valued at $27,000. Promus Capital LLC purchased a new stake in shares of e.l.f. Beauty during the fourth quarter worth $31,000. Kestra Investment Management LLC bought a new position in shares of e.l.f. Beauty in the fourth quarter worth $32,000. Finally, Financial Life Planners purchased a new position in shares of e.l.f. Beauty in the fourth quarter valued at $46,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Maureen C. Watson sold 4,000 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the sale, the director now directly owns 1,888 shares of the company's stock, valued at $127,232.32. This represents a 67.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

ELF has been the subject of several analyst reports. Canaccord Genuity Group cut their price target 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. Piper Sandler lowered their price target on e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. JPMorgan Chase & Co. cut their price objective on e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating for the company in a report on Friday. The Goldman Sachs Group lowered their target price on shares of 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. Finally, Morgan Stanley restated an "equal weight" rating and set a $70.00 price objective (down previously from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $124.76.

e.l.f. Beauty Trading Down 0.4 %

NYSE:ELF traded down $0.20 during trading hours on Friday, hitting $53.60. The company had a trading volume of 3,523,420 shares, compared to its average volume of 2,338,695. The stock has a 50-day moving average price of $66.75 and a 200 day moving average price of $101.15. The company has a market capitalization of $3.02 billion, a PE ratio of 31.71, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. 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, Inc. has a 52 week low of $49.90 and a 52 week high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings data 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%. On average, equities research analysts predict 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.