Primecap Management Co. CA lowered its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 316,039 shares of the company's stock after selling 4,216 shares during the period. Primecap Management Co. CA owned approximately 0.56% of e.l.f. Beauty worth $39,679,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the company. William Blair Investment Management LLC boosted its position in e.l.f. Beauty by 40.9% in 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 buying an additional 669,321 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in e.l.f. Beauty by 7.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,630 shares of the company's stock valued at $1,335,000 after buying an additional 695 shares during the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in e.l.f. Beauty in the fourth quarter valued at approximately $201,000. Hilton Capital Management LLC lifted its holdings in e.l.f. Beauty by 4.8% in the fourth quarter. Hilton Capital Management LLC now owns 7,795 shares of the company's stock valued at $979,000 after acquiring an additional 359 shares during the period. Finally, Intact Investment Management Inc. lifted its holdings in e.l.f. Beauty by 113.0% in the fourth quarter. Intact Investment Management Inc. now owns 4,900 shares of the company's stock valued at $615,000 after acquiring an additional 2,600 shares during the period. Hedge funds and other institutional investors own 92.44% of the company's stock.
e.l.f. Beauty Price Performance
NYSE ELF traded up $0.50 during mid-day trading on Friday, hitting $62.91. The stock had a trading volume of 2,290,203 shares, compared to its average volume of 2,219,607. The firm's 50 day moving average is $85.71 and its 200 day moving average is $108.11. e.l.f. Beauty, Inc. has a twelve month low of $60.35 and a twelve month high of $219.77. 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 stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 6.76 and a beta of 1.60.
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%. Equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ELF. DA Davidson decreased their price target on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Morgan Stanley reissued an "equal weight" rating and issued a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft began coverage on e.l.f. Beauty in a report on Thursday, December 12th. They issued a "hold" rating and a $133.00 price target for the company. B. Riley reissued a "buy" rating and issued a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Finally, The Goldman Sachs Group decreased their price target 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. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.65.
Get Our Latest Stock Analysis on e.l.f. Beauty
Insider Activity at e.l.f. Beauty
In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the company's stock in a transaction on Friday, March 7th. The stock was 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 directly owns 1,888 shares in the company, valued at $127,232.32. This represents a 67.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is owned by corporate insiders.
About e.l.f. Beauty
(
Free Report)
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.
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