Mesirow Institutional Investment Management Inc. Increases Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Mesirow Institutional Investment Management Inc. boosted its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 33.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,919 shares of the company's stock after acquiring an additional 40,050 shares during the quarter. e.l.f. Beauty accounts for 1.5% of Mesirow Institutional Investment Management Inc.'s portfolio, making the stock its 4th largest position. Mesirow Institutional Investment Management Inc. owned approximately 0.28% of e.l.f. Beauty worth $20,078,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Nemes Rush Group LLC bought a new stake in shares of e.l.f. Beauty in the fourth quarter valued at about $27,000. Wilmington Savings Fund Society FSB acquired a new stake in e.l.f. Beauty in the 3rd quarter valued at approximately $25,000. Promus Capital LLC bought a new stake in e.l.f. Beauty in the 4th quarter valued at approximately $31,000. Kestra Investment Management LLC acquired a new position in e.l.f. Beauty during the 4th quarter worth approximately $32,000. Finally, Financial Life Planners bought a new position in shares of e.l.f. Beauty during the 4th quarter worth approximately $46,000. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded up $3.87 during trading hours on Thursday, hitting $60.71. The company had a trading volume of 2,643,294 shares, compared to its average volume of 2,351,633. The firm has a 50-day moving average of $62.88 and a 200 day moving average of $98.18. 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 firm has a market cap of $3.42 billion, a PE ratio of 35.92, a PEG ratio of 6.76 and a beta of 1.41. e.l.f. Beauty, Inc. has a one year low of $49.40 and a one year high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings results 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, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Joshua Allen Franks sold 51,353 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 transaction of $2,740,196.08. Following the sale, the senior vice president now directly owns 114,660 shares of the company's stock, valued at approximately $6,118,257.60. This represents a 30.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Maureen C. Watson sold 4,000 shares of the firm'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 transaction, the director now directly owns 1,888 shares in the company, valued at approximately $127,232.32. This represents a 67.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 204,618 shares of company stock worth $10,974,536 in the last 90 days. Company insiders own 3.50% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on ELF. Piper Sandler reduced 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. Canaccord Genuity Group reduced their price objective on shares of 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. Raymond James lowered their target price on e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating on the stock in a research report on Thursday, April 17th. B. Riley reissued a "buy" rating and set a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. lowered their price target on e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, e.l.f. Beauty currently has an average rating of "Moderate Buy" and a consensus price target of $117.41.

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.