Principal Financial Group Inc. Boosts Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Principal Financial Group Inc. raised its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 149.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 328,557 shares of the company's stock after purchasing an additional 197,028 shares during the period. Principal Financial Group Inc. owned 0.58% of e.l.f. Beauty worth $41,250,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Robbins Farley boosted its position in e.l.f. Beauty by 27.1% during the 4th quarter. Robbins Farley now owns 34,396 shares of the company's stock valued at $4,318,000 after buying an additional 7,335 shares during the period. Pacer Advisors Inc. boosted its position in shares of e.l.f. Beauty by 43.4% during the fourth quarter. Pacer Advisors Inc. now owns 11,802 shares of the company's stock valued at $1,482,000 after purchasing an additional 3,572 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of e.l.f. Beauty by 1,380.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company's stock valued at $1,775,000 after purchasing an additional 15,184 shares in the last quarter. Ibex Wealth Advisors bought a new stake in shares of e.l.f. Beauty in the 4th quarter worth $5,519,000. Finally, Baillie Gifford & Co. boosted its stake in shares of e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock worth $1,005,584,000 after buying an additional 2,703,742 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Price Performance

ELF traded up $3.65 during trading hours on Friday, hitting $74.76. The company's stock had a trading volume of 2,952,613 shares, compared to its average volume of 4,318,344. The business's 50-day moving average price is $110.17 and its 200-day moving average price is $120.60. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 44.23, a P/E/G ratio of 6.76 and a beta of 1.47. e.l.f. Beauty, Inc. has a 12 month low of $63.50 and a 12 month high of $221.83.

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

Insider Activity

In related news, Director Maureen C. Watson sold 785 shares of the company's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tarang Amin sold 890 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the sale, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock valued at $297,442 in the last ninety days. Insiders own 3.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Canaccord Genuity Group decreased their target price on e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of e.l.f. Beauty in a report on Thursday, December 12th. They issued a "hold" rating and a $133.00 target price for the company. Stifel Nicolaus dropped their price target on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating for the company in a research report on Monday, February 3rd. B. Riley restated a "buy" rating and set a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, UBS Group reiterated 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 given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, e.l.f. Beauty currently has an average rating of "Moderate Buy" and an average target price of $132.94.

e.l.f. Beauty Company 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.