Capital World Investors Increases Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Capital World Investors lifted its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 294.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 418,852 shares of the company's stock after purchasing an additional 312,776 shares during the period. Capital World Investors owned about 0.74% of e.l.f. Beauty worth $52,587,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in ELF. Baillie Gifford & Co. lifted its stake 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 valued at $1,005,584,000 after acquiring an additional 2,703,742 shares during the last quarter. Vanguard Group Inc. lifted its position in e.l.f. Beauty by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company's stock valued at $690,174,000 after purchasing an additional 68,103 shares during the last quarter. William Blair Investment Management LLC boosted its stake 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 valued at $289,437,000 after purchasing an additional 669,321 shares during the period. Champlain Investment Partners LLC grew its holdings in shares of e.l.f. Beauty by 99.7% in the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock worth $279,531,000 after purchasing an additional 1,111,550 shares during the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of e.l.f. Beauty by 17.5% in the fourth quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company's stock worth $222,541,000 after buying an additional 264,296 shares during the period. Hedge funds and other institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Price Performance

ELF stock traded up $0.78 during midday trading on Friday, hitting $61.44. The company's stock had a trading volume of 2,209,189 shares, compared to its average volume of 2,350,418. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 12 month low of $49.40 and a 12 month high of $219.77. The company has a 50 day moving average of $62.63 and a two-hundred day moving average of $97.90. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 36.36, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued 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 net margin of 7.55% and a return on equity of 16.88%. On average, analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 51,353 shares of the company's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $2,740,196.08. Following the completion of the sale, the senior vice president now directly owns 114,660 shares in the company, valued at approximately $6,118,257.60. This represents a 30.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 97,915 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $5,224,744.40. Following the transaction, the chief executive officer now directly owns 181,289 shares in the company, valued at $9,673,581.04. The trade was a 35.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 204,618 shares of company stock worth $10,974,536. Company insiders own 3.50% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ELF shares. Piper Sandler dropped their target price on shares of e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Morgan Stanley restated an "equal weight" rating and set a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Canaccord Genuity Group cut their target price on e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. UBS Group decreased their target price on e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Finally, DA Davidson dropped their target price on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $117.41.

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.