e.l.f. Beauty, Inc. (NYSE:ELF) is Savoir Faire Capital Management L.P.'s Largest Position

Savoir Faire Capital Management L.P. raised its holdings in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 40.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,350 shares of the company's stock after purchasing an additional 28,126 shares during the quarter. e.l.f. Beauty accounts for 5.9% of Savoir Faire Capital Management L.P.'s investment portfolio, making the stock its largest position. Savoir Faire Capital Management L.P. owned approximately 0.17% of e.l.f. Beauty worth $12,348,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new stake in e.l.f. Beauty in the third quarter worth $25,000. Nemes Rush Group LLC purchased a new stake in e.l.f. Beauty in the 4th quarter worth about $27,000. Promus Capital LLC purchased a new stake in e.l.f. Beauty in the 4th quarter worth about $31,000. Kestra Investment Management LLC bought a new stake in e.l.f. Beauty in the 4th quarter valued at about $32,000. Finally, Financial Life Planners purchased a new stake in e.l.f. Beauty during the fourth quarter valued at about $46,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Price Performance

NYSE ELF traded up $2.65 during trading hours on Friday, reaching $52.60. 2,237,084 shares of the stock traded hands, compared to its average volume of 2,345,312. The stock has a 50 day simple moving average of $64.51 and a two-hundred day simple moving average of $99.59. e.l.f. Beauty, Inc. has a 1 year low of $49.40 and a 1 year high of $219.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41.

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 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%. On average, analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the transaction, the director now directly owns 1,888 shares of the company's stock, valued at $127,232.32. The trade was a 67.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. 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 report on Friday, February 7th. UBS Group dropped their target price on e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating on the stock in a research report on Thursday. The Goldman Sachs Group reduced their price target on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Canaccord Genuity Group cut their target price on 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. Finally, Piper Sandler lowered their price target 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 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 MarketBeat.com, e.l.f. Beauty has a consensus rating of "Moderate Buy" and an average 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.