Norges Bank acquired a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 58,962 shares of the company's stock, valued at approximately $7,403,000. Norges Bank owned approximately 0.10% of e.l.f. Beauty as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. Janus Henderson Group PLC lifted its position in 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 worth $4,009,000 after purchasing an additional 2,676 shares during the period. Integrated Wealth Concepts LLC boosted its position 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 valued at $255,000 after acquiring an additional 641 shares during the period. Quarry LP acquired a new stake in e.l.f. Beauty in the 3rd quarter worth $62,000. Quantinno Capital Management LP increased its stake in e.l.f. Beauty by 21.8% during 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 period. Finally, Stifel Financial Corp raised its stake in shares of e.l.f. Beauty by 57.7% in the third quarter. Stifel Financial Corp now owns 28,244 shares of the company's stock valued at $3,079,000 after purchasing an additional 10,332 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.
e.l.f. Beauty Trading Down 0.4 %
NYSE:ELF traded down $0.20 during mid-day trading on Friday, hitting $53.60. The company had a trading volume of 3,523,420 shares, compared to its average volume of 2,334,297. The business's fifty day moving average is $66.75 and its two-hundred day moving average is $101.15. e.l.f. Beauty, Inc. has a fifty-two week low of $49.90 and a fifty-two week high of $219.77. The firm has a market cap of $3.02 billion, a P/E ratio of 31.71, a P/E/G ratio of 6.76 and a beta of 1.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90.
e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings results 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 return on equity of 16.88% and a net margin of 7.55%. As a group, research analysts expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on ELF. Stifel Nicolaus decreased their price objective on e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a report on Monday, February 3rd. Truist Financial boosted their price target on e.l.f. Beauty from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. DA Davidson lowered their price target on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. The Goldman Sachs Group cut their price objective on 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. Finally, Canaccord Genuity Group dropped their target price on shares of e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating for the company in a research report 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 company. Based on data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.76.
View Our Latest Report on e.l.f. Beauty
Insider Activity
In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction dated 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 transaction, the director now owns 1,888 shares in the company, valued at approximately $127,232.32. This represents a 67.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.50% of the stock is currently owned by company insiders.
e.l.f. Beauty Profile
(
Free Report)
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.
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