Mitsubishi UFJ Trust & Banking Corp Increases Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Mitsubishi UFJ Trust & Banking Corp lifted its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 107.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 287,710 shares of the company's stock after acquiring an additional 148,916 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.51% of e.l.f. Beauty worth $36,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of e.l.f. Beauty in the third quarter valued at about $25,000. Promus Capital LLC acquired a new position in e.l.f. Beauty in the 4th quarter worth approximately $31,000. Kestra Investment Management LLC acquired a new position in e.l.f. Beauty in the 4th quarter worth approximately $32,000. Financial Life Planners purchased a new position in e.l.f. Beauty during the 4th quarter worth approximately $46,000. Finally, New Wave Wealth Advisors LLC acquired a new stake in e.l.f. Beauty during the 4th quarter valued at approximately $65,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ELF shares. The Goldman Sachs Group reduced their target price on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a report on Friday, February 21st. Stifel Nicolaus reduced their price objective 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. JPMorgan Chase & Co. upped their target price 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. Raymond James dropped their price target on shares of e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating on the stock in a research report on Friday, February 7th. Finally, UBS Group restated a "neutral" rating and issued a $74.00 price target (down previously from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $130.24.

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e.l.f. Beauty Trading Down 3.1 %

Shares of ELF stock traded down $2.02 on Monday, hitting $62.82. The stock had a trading volume of 2,233,996 shares, compared to its average volume of 2,263,412. The firm has a market capitalization of $3.54 billion, a P/E ratio of 37.17, a P/E/G ratio of 6.76 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The company's 50 day moving average price is $77.83 and its 200-day moving average price is $105.40. e.l.f. Beauty, Inc. has a 1 year low of $60.35 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 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 16.88%. Analysts anticipate 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 e.l.f. Beauty stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the transaction, the director now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.