Trillium Asset Management LLC Purchases Shares of 26,641 e.l.f. Beauty, Inc. (NYSE:ELF)

Trillium Asset Management LLC acquired a new position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,641 shares of the company's stock, valued at approximately $3,345,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Xponance Inc. lifted its stake in shares of e.l.f. Beauty by 5.8% in the 4th quarter. Xponance Inc. now owns 11,280 shares of the company's stock worth $1,416,000 after acquiring an additional 615 shares during the period. Horizon Investments LLC grew its holdings in e.l.f. Beauty by 29.0% during the fourth quarter. Horizon Investments LLC now owns 742 shares of the company's stock worth $93,000 after acquiring an additional 167 shares during the period. William Blair Investment Management LLC boosted its position in shares of e.l.f. Beauty by 40.9% during the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock valued at $289,437,000 after purchasing an additional 669,321 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of e.l.f. Beauty by 7.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,630 shares of the company's stock worth $1,335,000 after purchasing an additional 695 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd bought a new stake in shares of e.l.f. Beauty in the 4th quarter worth approximately $201,000. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Stock Up 3.3 %

ELF stock traded up $2.06 during trading hours on Monday, hitting $64.91. The company's stock had a trading volume of 1,754,360 shares, compared to its average volume of 2,222,662. The company has a market capitalization of $3.66 billion, a PE ratio of 38.41, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60. The stock has a 50 day moving average price of $85.71 and a two-hundred day moving average price of $107.68. 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 12 month low of $60.35 and a 12 month high of $219.77.

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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 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%. On average, equities research analysts expect that e.l.f. Beauty, Inc. will post 2.38 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 4,000 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the sale, the director now owns 1,888 shares of the company's stock, valued at $127,232.32. This represents a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ELF has been the subject of a number of recent research reports. Raymond James cut their price objective on e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating for the company in a research report on Friday, February 7th. Truist Financial raised their target price on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. DA Davidson lowered their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. JPMorgan Chase & Co. raised their target price on 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. Finally, B. Riley reissued a "buy" rating and set a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $132.65.

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.