Brooklyn FI LLC Purchases New Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Brooklyn FI LLC purchased a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 50,409 shares of the company's stock, valued at approximately $6,655,000. Brooklyn FI LLC owned 0.09% of e.l.f. Beauty as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Trillium Asset Management LLC purchased a new position in shares of e.l.f. Beauty during the 4th quarter valued at about $3,345,000. Xponance Inc. boosted its position in shares of e.l.f. Beauty by 5.8% during the fourth quarter. Xponance Inc. now owns 11,280 shares of the company's stock valued at $1,416,000 after purchasing an additional 615 shares in the last quarter. Horizon Investments LLC boosted its holdings in e.l.f. Beauty by 29.0% in the fourth quarter. Horizon Investments LLC now owns 742 shares of the company's stock worth $93,000 after acquiring an additional 167 shares in the last quarter. William Blair Investment Management LLC raised its stake 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 worth $289,437,000 after purchasing an additional 669,321 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of e.l.f. Beauty by 7.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,630 shares of the company's stock worth $1,335,000 after purchasing an additional 695 shares during the last quarter. Institutional investors own 92.44% of the company's stock.

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Wall Street Analysts Forecast Growth

ELF has been the subject of a number of analyst reports. DA Davidson reduced their price target on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Canaccord Genuity Group dropped their price target on 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. The Goldman Sachs Group lowered their price objective on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research note on Friday, February 21st. UBS Group reiterated a "neutral" rating and issued a $74.00 price target (down from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Finally, Truist Financial raised their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. 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. Based on data from MarketBeat, e.l.f. Beauty currently has a consensus rating of "Moderate Buy" and an average price target of $132.65.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock traded up $0.50 during mid-day trading on Friday, reaching $62.91. The company had a trading volume of 2,290,203 shares, compared to its average volume of 2,224,539. 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 stock's 50-day simple moving average is $85.71 and its 200-day simple moving average is $107.89. e.l.f. Beauty, Inc. has a 1 year low of $60.35 and a 1 year high of $219.77. The company has a market capitalization of $3.55 billion, a P/E ratio of 37.22, a P/E/G ratio of 6.76 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) 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 predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Insider Buying and Selling

In other news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were 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 $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.50% of the stock is owned by company 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.