e.l.f. Beauty, Inc. (NYSE:ELF) Shares Bought by Portolan Capital Management LLC

Portolan Capital Management LLC increased its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 92.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 229,998 shares of the company's stock after purchasing an additional 110,709 shares during the period. e.l.f. Beauty accounts for about 1.9% of Portolan Capital Management LLC's holdings, making the stock its 11th biggest holding. Portolan Capital Management LLC owned 0.41% of e.l.f. Beauty worth $28,876,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in e.l.f. Beauty in the 3rd quarter valued at about $25,000. Nemes Rush Group LLC purchased a new position in e.l.f. Beauty in the 4th quarter valued at $27,000. Promus Capital LLC acquired a new position in e.l.f. Beauty in the 4th quarter valued at $31,000. Kestra Investment Management LLC purchased a new position in e.l.f. Beauty during the 4th quarter worth $32,000. Finally, Financial Life Planners acquired a new stake in shares of e.l.f. Beauty in the 4th quarter worth $46,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

e.l.f. Beauty Trading Up 5.3 %

ELF traded up $2.65 during trading on Friday, hitting $52.60. The company's stock had a trading volume of 2,237,084 shares, compared to its average volume of 2,345,312. The stock has a market cap of $2.97 billion, a PE ratio of 31.12, a PEG ratio of 6.76 and a beta of 1.41. The firm's 50 day moving average price is $64.51 and its 200-day moving average price is $99.59. e.l.f. Beauty, Inc. has a twelve month low of $49.40 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.

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on ELF. UBS Group cut their price target on shares of e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating for the company in a report on Thursday. Stifel Nicolaus cut their target price on e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating for the company in a research note on Monday, February 3rd. Raymond James decreased their price target on e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating on the stock in a research note on Thursday. The Goldman Sachs Group cut their price objective on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, B. Riley restated a "buy" rating and set a $90.00 target price (down from $150.00) 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 issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.82.

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.