e.l.f. Beauty, Inc. (NYSE:ELF) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 24.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 319,709 shares of the company's stock after acquiring an additional 62,899 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.57% of e.l.f. Beauty worth $40,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hilltop Holdings Inc. acquired a new position in e.l.f. Beauty in the 3rd quarter valued at $215,000. Janus Henderson Group PLC raised its position in shares of e.l.f. Beauty by 7.8% in the third quarter. Janus Henderson Group PLC now owns 36,779 shares of the company's stock valued at $4,009,000 after buying an additional 2,676 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of e.l.f. Beauty by 37.8% in the third quarter. Integrated Wealth Concepts LLC now owns 2,335 shares of the company's stock worth $255,000 after buying an additional 641 shares in the last quarter. IHT Wealth Management LLC boosted its position in e.l.f. Beauty by 13.4% during the third quarter. IHT Wealth Management LLC now owns 6,511 shares of the company's stock worth $708,000 after acquiring an additional 767 shares during the last quarter. Finally, Quarry LP acquired a new position in e.l.f. Beauty during the third quarter worth about $62,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. DA Davidson decreased their target price on shares of 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. Stifel Nicolaus reduced their price objective on 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. JPMorgan Chase & Co. boosted their price objective on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $70.00 target price (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, B. Riley reissued 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. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $130.24.

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e.l.f. Beauty Stock Performance

ELF stock traded down $3.42 during trading on Thursday, hitting $52.32. The company had a trading volume of 951,004 shares, compared to its average volume of 2,313,376. The firm has a market cap of $2.95 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $68.24 and a 200-day moving average price of $101.94. e.l.f. Beauty, Inc. has a 1-year low of $49.90 and a 1-year high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (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.

Insider Activity

In related news, Director Maureen C. Watson sold 4,000 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the sale, the director now owns 1,888 shares of the company's stock, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.50% of the company's stock.

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.