Harbor Capital Advisors Inc. Has $9.13 Million Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Harbor Capital Advisors Inc. boosted its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 419.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,705 shares of the company's stock after buying an additional 58,705 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.13% of e.l.f. Beauty worth $9,128,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ELF. Evergreen Capital Management LLC grew its position in e.l.f. Beauty by 2.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,777 shares of the company's stock worth $1,007,000 after purchasing an additional 99 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of e.l.f. Beauty in the second quarter valued at $26,000. Cetera Trust Company N.A lifted its position in e.l.f. Beauty by 14.4% in the third quarter. Cetera Trust Company N.A now owns 1,030 shares of the company's stock worth $112,000 after purchasing an additional 130 shares during the period. Fulton Bank N.A. increased its holdings in e.l.f. Beauty by 1.7% in the 3rd quarter. Fulton Bank N.A. now owns 8,222 shares of the company's stock valued at $896,000 after buying an additional 139 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in shares of e.l.f. Beauty by 6.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,609 shares of the company's stock valued at $284,000 after buying an additional 159 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

e.l.f. Beauty Stock Down 1.7 %

Shares of e.l.f. Beauty stock traded down $2.12 on Friday, hitting $125.48. The company had a trading volume of 1,230,748 shares, compared to its average volume of 1,177,148. e.l.f. Beauty, Inc. has a twelve month low of $98.50 and a twelve month high of $221.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The stock has a 50-day moving average of $126.77 and a 200-day moving average of $140.67. The firm has a market capitalization of $7.07 billion, a P/E ratio of 67.83, a P/E/G ratio of 3.08 and a beta of 1.49.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.34. The company had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company's quarterly revenue was up 39.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 earnings per share. Research analysts predict that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Insider Buying and Selling

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now owns 1,888 shares in the company, valued at $245,440. This represents a 29.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott Milsten sold 530 shares of the firm's stock in a transaction 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 transaction, the insider now owns 68,853 shares in the company, valued at approximately $9,474,172.80. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,205 shares of company stock worth $297,442. Corporate insiders own 3.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Stifel Nicolaus dropped their price target on shares of e.l.f. Beauty from $131.00 to $115.00 and set a "hold" rating for the company in a research report on Thursday, November 7th. Piper Sandler boosted their price target on shares of e.l.f. Beauty from $165.00 to $167.00 and gave the company an "overweight" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft started coverage on e.l.f. Beauty in a report on Thursday, December 12th. They issued a "hold" rating and a $133.00 target price on the stock. DA Davidson reaffirmed a "buy" rating and set a $170.00 price target on shares of e.l.f. Beauty in a report on Thursday, December 19th. Finally, Bank of America decreased their target price on e.l.f. Beauty from $190.00 to $165.00 and set a "buy" rating on the stock in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $171.94.

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.