e.l.f. Beauty, Inc. (NYSE:ELF) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,497,208 shares of the company's stock after acquiring an additional 68,103 shares during the period. Vanguard Group Inc. owned 9.76% of e.l.f. Beauty worth $690,174,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of ELF. Nisa Investment Advisors LLC lifted its stake in e.l.f. Beauty by 3.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company's stock worth $361,000 after purchasing an additional 91 shares in the last quarter. Truist Financial Corp increased its holdings in shares of e.l.f. Beauty by 1.3% in the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company's stock worth $990,000 after buying an additional 102 shares during the period. Arizona State Retirement System increased its stake in e.l.f. Beauty by 0.8% in the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company's stock worth $2,055,000 after purchasing an additional 128 shares during the period. Atria Wealth Solutions Inc. increased its stake in shares of e.l.f. Beauty by 7.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company's stock worth $262,000 after buying an additional 150 shares during the period. Finally, Horizon Investments LLC raised its stake in shares of e.l.f. Beauty by 29.0% during the fourth quarter. Horizon Investments LLC now owns 742 shares of the company's stock valued at $93,000 after acquiring an additional 167 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

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Analyst Ratings Changes

ELF has been the topic of several research analyst reports. UBS Group reiterated a "neutral" rating and set a $74.00 price target (down previously from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. B. Riley reaffirmed a "buy" rating and set a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Truist Financial boosted their target price on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. increased their price target on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They set a "hold" rating and a $133.00 target price on the stock. 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $130.24.

Insiders Place Their Bets

In other e.l.f. Beauty 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 sale, the director now owns 1,888 shares of the company's stock, valued at $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is currently owned by insiders.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF traded up $3.74 on Wednesday, reaching $67.99. 3,099,375 shares of the company were exchanged, compared to its average volume of 2,266,971. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $76.75 and a 200-day moving average of $105.03. e.l.f. Beauty, Inc. has a 1-year low of $60.35 and a 1-year high of $219.77. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 40.23, 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 posted its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) 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%. Equities analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

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.