Raymond James Financial Inc. Makes New Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

Raymond James Financial Inc. bought a new stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 547,792 shares of the company's stock, valued at approximately $68,775,000. Raymond James Financial Inc. owned approximately 0.97% of e.l.f. Beauty as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of e.l.f. Beauty during the 3rd quarter worth approximately $25,000. Promus Capital LLC acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth approximately $31,000. Kestra Investment Management LLC acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth approximately $32,000. Planning Capital Management Corp increased its position 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 purchasing an additional 371 shares during the last quarter. Finally, Peterson Financial Group Inc. acquired a new position in shares of e.l.f. Beauty during the 3rd quarter worth approximately $45,000. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF traded up $3.41 during trading on Monday, reaching $74.09. 4,776,855 shares of the company traded hands, compared to its average volume of 3,153,624. The company's 50 day moving average is $97.69 and its two-hundred day moving average is $113.79. The firm has a market capitalization of $4.18 billion, a PE ratio of 43.84, a PEG ratio of 6.76 and a beta of 1.60. 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 $61.90 and a 52 week high of $219.77.

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e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) 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, sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on ELF shares. Canaccord Genuity Group lowered their price target on e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. DA Davidson reaffirmed a "neutral" rating and set a $80.00 price target on shares of e.l.f. Beauty in a research report on Tuesday, February 18th. Stifel Nicolaus decreased their target price 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. JPMorgan Chase & Co. boosted their target price on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Finally, The Goldman Sachs Group decreased their target price on 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. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and an average price target of $132.94.

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.