EFG Asset Management North America Corp. Acquires Shares of 20,923 e.l.f. Beauty, Inc. (NYSE:ELF)

EFG Asset Management North America Corp. bought a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 20,923 shares of the company’s stock, valued at approximately $2,623,000.

Other large investors also recently modified their holdings of the company. Quest Partners LLC purchased a new stake in e.l.f. Beauty in the 3rd quarter worth approximately $173,000. PNC Financial Services Group Inc. raised its holdings in shares of e.l.f. Beauty by 29.6% during the third quarter. PNC Financial Services Group Inc. now owns 9,392 shares of the company’s stock valued at $1,024,000 after acquiring an additional 2,146 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in e.l.f. Beauty by 79.0% in the third quarter. Advisors Asset Management Inc. now owns 614 shares of the company’s stock worth $67,000 after acquiring an additional 271 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in e.l.f. Beauty by 27.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 256,810 shares of the company’s stock valued at $28,000,000 after acquiring an additional 55,461 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in e.l.f. Beauty by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 514,095 shares of the company’s stock valued at $56,052,000 after purchasing an additional 9,711 shares during the period. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $65.29 on Wednesday. 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 has a market capitalization of $3.68 billion, a price-to-earnings ratio of 38.63, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60. e.l.f. Beauty, Inc. has a one year low of $60.35 and a one year high of $219.77. The company’s 50-day moving average is $83.03 and its 200 day moving average is $106.78.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates 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%. Sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ELF has been the topic of a number of research reports. Stifel Nicolaus cut their target price on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Canaccord Genuity Group reduced their target price on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, February 7th. UBS Group reissued a “neutral” rating and issued a $74.00 target price (down previously from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Raymond James dropped their price target on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research report on Friday, February 7th. Finally, Truist Financial increased their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.65.

Insiders Place Their Bets

In related news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction 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 sale, the director now directly owns 1,888 shares of the company’s stock, valued at $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.50% of the company’s stock.

e.l.f. Beauty Company 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.