Envestnet Asset Management Inc. Boosts Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Envestnet Asset Management Inc. boosted its holdings in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 7.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,673 shares of the company's stock after purchasing an additional 13,118 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.35% of e.l.f. Beauty worth $24,943,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ELF. Quantinno Capital Management LP increased its holdings in shares of e.l.f. Beauty by 21.8% in the third quarter. Quantinno Capital Management LP now owns 2,318 shares of the company's stock worth $253,000 after purchasing an additional 415 shares during the last quarter. Stifel Financial Corp grew its holdings in e.l.f. Beauty by 57.7% during the 3rd quarter. Stifel Financial Corp now owns 28,244 shares of the company's stock valued at $3,079,000 after buying an additional 10,332 shares in the last quarter. National Bank of Canada FI bought a new stake in e.l.f. Beauty in the 3rd quarter worth approximately $174,000. Orion Portfolio Solutions LLC raised its holdings in shares of e.l.f. Beauty by 19.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 6,812 shares of the company's stock worth $743,000 after acquiring an additional 1,090 shares in the last quarter. Finally, MML Investors Services LLC boosted its position in shares of e.l.f. Beauty by 54.4% during the 3rd quarter. MML Investors Services LLC now owns 22,324 shares of the company's stock valued at $2,434,000 after acquiring an additional 7,865 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty 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 completion of the sale, the director now directly owns 1,888 shares in the company, valued at $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.50% of the stock is currently owned by company insiders.

e.l.f. Beauty Trading Up 5.3 %

Shares of NYSE ELF traded up $2.65 during mid-day trading on Friday, reaching $52.60. The company had a trading volume of 2,237,084 shares, compared to its average volume of 2,345,763. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. e.l.f. Beauty, Inc. has a 52 week low of $49.40 and a 52 week high of $219.77. The business's 50-day moving average is $64.02 and its 200-day moving average is $99.23. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its 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 return on equity of 16.88% and a net margin of 7.55%. Equities analysts expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus reduced their price target on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Monday, February 3rd. Morgan Stanley restated an "equal weight" rating and issued a $70.00 target price (down from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Piper Sandler lowered their price target 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. DA Davidson reduced their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Finally, The Goldman Sachs Group lowered 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 note on Friday, February 21st. Five equities research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.