Next Century Growth Investors LLC Raises Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Next Century Growth Investors LLC lifted its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 39.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,920 shares of the company's stock after acquiring an additional 15,122 shares during the period. Next Century Growth Investors LLC owned 0.10% of e.l.f. Beauty worth $6,770,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ELF. Integrated Wealth Concepts LLC boosted its holdings in e.l.f. Beauty by 37.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,335 shares of the company's stock valued at $255,000 after purchasing an additional 641 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in 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 valued at $253,000 after acquiring an additional 415 shares during the last quarter. Stifel Financial Corp grew its position in e.l.f. Beauty by 57.7% in the third quarter. Stifel Financial Corp now owns 28,244 shares of the company's stock worth $3,079,000 after acquiring an additional 10,332 shares during the period. State Street Corp increased its stake in e.l.f. Beauty by 3.7% during the third quarter. State Street Corp now owns 1,665,203 shares of the company's stock worth $181,557,000 after acquiring an additional 59,248 shares during the last quarter. Finally, National Bank of Canada FI purchased a new stake in e.l.f. Beauty in the third quarter valued at $174,000. Institutional investors and hedge funds own 92.44% of the company's stock.

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e.l.f. Beauty Stock Down 0.3 %

Shares of ELF stock traded down $0.15 during trading hours on Monday, reaching $53.46. 2,181,762 shares of the stock were exchanged, compared to its average volume of 2,338,077. e.l.f. Beauty, Inc. has a 12-month low of $49.90 and a 12-month high of $219.77. The business's fifty day moving average is $66.08 and its two-hundred day moving average is $100.67. 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 firm has a market capitalization of $3.02 billion, a P/E ratio of 31.63, a P/E/G ratio of 6.76 and a beta of 1.41.

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%. As a group, research analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ELF. Morgan Stanley reissued an "equal weight" rating and set a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. UBS Group reissued a "neutral" rating and issued a $74.00 price target (down from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. JPMorgan Chase & Co. lowered their price objective on shares of e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating for the company in a research report on Friday. Stifel Nicolaus dropped their target price on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating for the company in a report on Monday, February 3rd. Finally, B. Riley restated a "buy" rating and set a $90.00 price target (down from $150.00) 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 issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $124.76.

About e.l.f. Beauty

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.