20,923 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Bought by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. acquired a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 20,923 shares of the company's stock, valued at approximately $2,623,000.

Several other institutional investors have also recently made changes to their positions in the company. Baillie Gifford & Co. lifted its stake 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 worth $1,005,584,000 after purchasing an additional 2,703,742 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of e.l.f. Beauty by 40.9% during 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 in the last quarter. Raymond James Financial Inc. bought a new position in shares of e.l.f. Beauty in the fourth quarter worth approximately $68,775,000. Principal Financial Group Inc. raised its stake in e.l.f. Beauty by 149.8% in the fourth quarter. Principal Financial Group Inc. now owns 328,557 shares of the company's stock valued at $41,250,000 after purchasing an additional 197,028 shares in the last quarter. Finally, Swedbank AB lifted its position in e.l.f. Beauty by 16.0% during the fourth quarter. Swedbank AB now owns 812,000 shares of the company's stock valued at $101,947,000 after purchasing an additional 112,000 shares during the last quarter. Institutional investors own 92.44% of the company's stock.

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

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 transaction of $269,560.00. Following the completion of the sale, the director now 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 document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.50% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Truist Financial lifted their price objective 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 cut their price objective on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a report on Friday, February 21st. Piper Sandler dropped their target price on e.l.f. Beauty from $167.00 to $131.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Raymond James lowered 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. Finally, Stifel Nicolaus reduced their target price on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, e.l.f. Beauty has a consensus rating of "Moderate Buy" and an average target price of $132.65.

e.l.f. Beauty Stock Down 0.4 %

Shares of ELF traded down $0.29 during trading hours on Friday, hitting $64.87. The company had a trading volume of 2,662,774 shares, compared to its average volume of 2,263,511. e.l.f. Beauty, Inc. has a 52-week low of $60.35 and a 52-week high of $219.77. The firm has a fifty day moving average price of $79.12 and a 200-day moving average price of $105.82. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 38.38, a P/E/G ratio of 6.76 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90.

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 for the quarter, missing analysts' consensus estimates 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 forecast 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.