Osterweis Capital Management Inc. Buys 49,050 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Osterweis Capital Management Inc. grew its holdings in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 62.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,839 shares of the company's stock after acquiring an additional 49,050 shares during the quarter. Osterweis Capital Management Inc. owned 0.23% of e.l.f. Beauty worth $16,050,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of e.l.f. Beauty during the 3rd quarter valued at about $25,000. Nemes Rush Group LLC acquired a new position in e.l.f. Beauty in the fourth quarter valued at about $27,000. Promus Capital LLC bought a new stake in e.l.f. Beauty during the 4th quarter worth approximately $31,000. Kestra Investment Management LLC bought a new position in e.l.f. Beauty in the fourth quarter valued at approximately $32,000. Finally, Financial Life Planners acquired a new position in shares of e.l.f. Beauty in the fourth quarter valued at approximately $46,000. Institutional investors own 92.44% of the company's stock.

Insider Transactions at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 4,000 shares of the business's 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 sale, the director now directly owns 1,888 shares in the company, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is owned by insiders.

e.l.f. Beauty Stock Up 1.6 %

ELF stock traded up $0.85 during mid-day trading on Tuesday, reaching $54.32. 742,044 shares of the company traded hands, compared to its average volume of 2,338,877. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 32.14, a P/E/G ratio of 6.76 and a beta of 1.41. e.l.f. Beauty, Inc. has a fifty-two week low of $49.40 and a fifty-two week high of $219.77. The firm's 50 day moving average price is $63.59 and its 200 day moving average price is $98.77. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.41 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%. As a group, equities research analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ELF has been the topic of several recent research reports. B. Riley reissued a "buy" rating and issued a $90.00 price target (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Stifel Nicolaus dropped their price objective on shares of 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. The Goldman Sachs Group lowered their price target on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Morgan Stanley reaffirmed an "equal weight" rating and set a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, Piper Sandler lowered their target price on shares of e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.82.

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.