19,586 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 19,586 shares of the company's stock, valued at approximately $2,459,000.

Several other hedge funds have also added to or reduced their stakes in ELF. Wilmington Savings Fund Society FSB bought a new position in shares of e.l.f. Beauty during the third quarter worth about $25,000. Kestra Investment Management LLC acquired a new position in e.l.f. Beauty during the 4th quarter worth approximately $32,000. Planning Capital Management Corp grew its stake in shares of e.l.f. Beauty by 1,855.0% during the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company's stock worth $43,000 after acquiring an additional 371 shares in the last quarter. Peterson Financial Group Inc. acquired a new stake in shares of e.l.f. Beauty in the third quarter valued at approximately $45,000. Finally, Financial Life Planners acquired a new position in e.l.f. Beauty during the fourth quarter worth $46,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ELF shares. Piper Sandler reduced their target price on e.l.f. Beauty from $167.00 to $131.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. UBS Group reiterated a "neutral" rating and issued a $74.00 price objective (down from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. The Goldman Sachs Group cut their target price on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research note on Friday, February 21st. B. Riley reiterated 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Five equities 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's stock. According to MarketBeat.com, e.l.f. Beauty currently has a consensus rating of "Moderate Buy" and an average price target of $132.94.

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e.l.f. Beauty Price Performance

Shares of ELF traded up $6.33 during mid-day trading on Friday, reaching $70.75. The company had a trading volume of 4,072,178 shares, compared to its average volume of 3,116,674. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 41.87, a P/E/G ratio of 6.76 and a beta of 1.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The company's 50 day simple moving average is $97.69 and its 200 day simple moving average is $114.51. e.l.f. Beauty, Inc. has a 1-year low of $61.90 and a 1-year high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its 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%. Analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

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.