Townsquare Capital LLC Acquires 10,079 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Townsquare Capital LLC boosted its holdings in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 24.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,398 shares of the company's stock after acquiring an additional 10,079 shares during the quarter. Townsquare Capital LLC owned 0.09% of e.l.f. Beauty worth $6,453,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of e.l.f. Beauty during the third quarter valued at approximately $25,000. Nemes Rush Group LLC bought a new position in shares of e.l.f. Beauty in the 4th quarter worth $27,000. Promus Capital LLC bought a new stake in e.l.f. Beauty in the fourth quarter valued at about $31,000. Kestra Investment Management LLC acquired a new position in e.l.f. Beauty during the fourth quarter valued at approximately $32,000. Finally, Financial Life Planners acquired a new stake in e.l.f. Beauty in the fourth quarter worth $46,000. 92.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the sale, the director now owns 1,888 shares of the company's stock, valued at approximately $127,232.32. This represents a 67.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.50% of the company's stock.

Wall Street Analyst Weigh In

ELF has been the topic of a number of research analyst reports. Piper Sandler dropped their price target on e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. JPMorgan Chase & Co. cut their price target on shares of e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. UBS Group dropped their price target on e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating on the stock in a research note on Thursday. Morgan Stanley reissued an "equal weight" rating and issued a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, Raymond James cut their price objective on shares of e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating for the company in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $121.82.

e.l.f. Beauty Stock Up 5.3 %

Shares of ELF traded up $2.65 during trading hours on Friday, hitting $52.60. The stock had a trading volume of 2,237,084 shares, compared to its average volume of 2,345,312. The firm has a 50 day simple moving average of $64.51 and a 200-day simple moving average of $99.59. The firm has a market capitalization of $2.97 billion, a P/E ratio of 31.12, 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 1-year low of $49.40 and a 1-year high of $219.77.

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

e.l.f. Beauty 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.