Swedbank AB Raises Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Swedbank AB increased its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 812,000 shares of the company's stock after buying an additional 112,000 shares during the period. Swedbank AB owned 1.44% of e.l.f. Beauty worth $101,947,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ELF. Nisa Investment Advisors LLC grew its stake in e.l.f. Beauty by 3.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company's stock valued at $361,000 after acquiring an additional 91 shares during the period. Cetera Trust Company N.A increased its stake in e.l.f. Beauty by 14.4% during the 3rd quarter. Cetera Trust Company N.A now owns 1,030 shares of the company's stock valued at $112,000 after purchasing an additional 130 shares in the last quarter. Fulton Bank N.A. lifted its stake in shares of e.l.f. Beauty by 1.7% in the third quarter. Fulton Bank N.A. now owns 8,222 shares of the company's stock valued at $896,000 after buying an additional 139 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of e.l.f. Beauty by 6.5% during the third quarter. Sequoia Financial Advisors LLC now owns 2,609 shares of the company's stock worth $284,000 after acquiring an additional 159 shares in the last quarter. Finally, Independent Advisor Alliance raised its holdings in shares of e.l.f. Beauty by 7.5% in the 3rd quarter. Independent Advisor Alliance now owns 2,983 shares of the company's stock worth $325,000 after acquiring an additional 207 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Price Performance

ELF stock traded up $0.61 during mid-day trading on Thursday, reaching $106.57. 658,365 shares of the company traded hands, compared to its average volume of 1,625,973. The company has a fifty day moving average price of $127.52 and a 200-day moving average price of $131.87. e.l.f. Beauty, Inc. has a 52-week low of $98.50 and a 52-week high of $221.83. The company has a market capitalization of $6.00 billion, a P/E ratio of 57.65, a P/E/G ratio of 2.03 and a beta of 1.50. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The business had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. During the same quarter in the prior year, the firm posted $0.66 EPS. e.l.f. Beauty's revenue was up 39.7% on a year-over-year basis. As a group, analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the company's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now owns 1,888 shares of the company's stock, valued at $245,440. This represents a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tarang Amin sold 890 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the transaction, the chief executive officer now owns 99,699 shares in the company, valued at $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. Over the last quarter, insiders sold 2,205 shares of company stock valued at $297,442. Company insiders own 3.50% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Stifel Nicolaus lowered their price objective on e.l.f. Beauty from $131.00 to $115.00 and set a "hold" rating for the company in a research note on Thursday, November 7th. Jefferies Financial Group dropped their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Piper Sandler increased their target price on shares of e.l.f. Beauty from $165.00 to $167.00 and gave the company an "overweight" rating in a report on Monday, January 6th. The Goldman Sachs Group began coverage on shares of e.l.f. Beauty in a report on Friday, December 13th. They set a "buy" rating and a $165.00 price target on the stock. Finally, Robert W. Baird dropped their target price on shares of e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating on the stock in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $169.06.

About e.l.f. Beauty

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.