Pinebridge Investments L.P. Raises Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Pinebridge Investments L.P. increased its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,465 shares of the company's stock after buying an additional 4,926 shares during the quarter. Pinebridge Investments L.P.'s holdings in e.l.f. Beauty were worth $2,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ELF. Wilmington Savings Fund Society FSB acquired a new position in shares of e.l.f. Beauty during the third quarter valued at about $25,000. Oddo BHF Asset Management Sas acquired a new position in e.l.f. Beauty during the 3rd quarter valued at approximately $1,160,000. Retirement Systems of Alabama raised its holdings in shares of e.l.f. Beauty by 83.6% in the third quarter. Retirement Systems of Alabama now owns 143,758 shares of the company's stock worth $15,674,000 after buying an additional 65,448 shares during the last quarter. Logan Capital Management Inc. lifted its stake in shares of e.l.f. Beauty by 6.4% during the third quarter. Logan Capital Management Inc. now owns 42,923 shares of the company's stock worth $4,680,000 after buying an additional 2,565 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of e.l.f. Beauty by 130.8% during the fourth quarter. GAMMA Investing LLC now owns 861 shares of the company's stock valued at $108,000 after buying an additional 488 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Joshua Allen Franks sold 51,353 shares of e.l.f. Beauty stock in a transaction on Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,196.08. Following the transaction, the senior vice president now owns 114,660 shares in the company, valued at $6,118,257.60. The trade was a 30.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maureen C. Watson sold 4,000 shares of the company'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 completion of the sale, the director now directly owns 1,888 shares of the company's stock, valued at $127,232.32. This represents a 67.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 204,618 shares of company stock valued at $10,974,536 in the last ninety days. 3.50% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Stock Performance

ELF opened at $61.44 on Monday. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 36.36, a PEG ratio of 6.76 and a beta of 1.41. The firm's fifty day simple moving average is $62.42 and its two-hundred day simple moving average is $97.48. 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, Inc. has a 52-week low of $49.40 and a 52-week high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted 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 return on equity of 16.88% and a net margin of 7.55%. Equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on ELF. Stifel Nicolaus dropped their price target on e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Monday, February 3rd. UBS Group cut their price target on shares of e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Canaccord Genuity Group decreased their price objective on shares of e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, February 7th. The Goldman Sachs Group cut their price objective on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, Truist Financial decreased their target price on shares of e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $117.41.

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.

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