Mirae Asset Global Investments Co. Ltd. Has $4.82 Million Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Mirae Asset Global Investments Co. Ltd. raised its holdings in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 14.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,942 shares of the company's stock after buying an additional 4,823 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.07% of e.l.f. Beauty worth $4,823,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ELF. Truist Financial Corp boosted its stake in shares of e.l.f. Beauty by 60.6% in the 2nd quarter. Truist Financial Corp now owns 6,824 shares of the company's stock valued at $1,438,000 after purchasing an additional 2,576 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at $1,102,000. NBC Securities Inc. boosted its stake in shares of e.l.f. Beauty by 2,181.7% in the 3rd quarter. NBC Securities Inc. now owns 4,746 shares of the company's stock valued at $517,000 after purchasing an additional 4,538 shares in the last quarter. Swedbank AB acquired a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at $76,321,000. Finally, nVerses Capital LLC acquired a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Insider Activity

In related news, Director Maureen C. Watson sold 785 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the sale, the director now directly owns 1,888 shares of the company's stock, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott Milsten sold 530 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the sale, the insider now directly owns 68,853 shares of the company's stock, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock valued at $297,442 in the last ninety days. 3.50% of the stock is owned by insiders.

e.l.f. Beauty Trading Down 2.3 %

Shares of ELF stock traded down $1.78 on Wednesday, reaching $75.16. The company had a trading volume of 4,004,420 shares, compared to its average volume of 3,341,878. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The stock has a market cap of $4.23 billion, a PE ratio of 44.47, a PEG ratio of 1.54 and a beta of 1.47. The company has a 50-day moving average of $120.35 and a 200-day moving average of $125.82. e.l.f. Beauty, Inc. has a 12 month low of $63.50 and a 12 month high of $221.83.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.41 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 17.35%. On average, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ELF shares. B. Riley reiterated a "buy" rating and set a $90.00 price target (down previously from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Robert W. Baird reduced their price target on shares of e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating on the stock in a research report on Monday, October 21st. Jefferies Financial Group reduced their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Morgan Stanley reiterated an "equal weight" rating and set a $70.00 price target (down previously from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, 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. Five research 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 data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $134.00.

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.