e.l.f. Beauty, Inc. (NYSE:ELF) Stock Holdings Increased by William Blair Investment Management LLC

William Blair Investment Management LLC raised its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 40.9% during the 4th quarter, Holdings Channel reports. The fund owned 2,305,349 shares of the company’s stock after purchasing an additional 669,321 shares during the period. e.l.f. Beauty makes up approximately 0.7% of William Blair Investment Management LLC’s portfolio, making the stock its 23rd largest holding. William Blair Investment Management LLC’s holdings in e.l.f. Beauty were worth $289,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its stake in e.l.f. Beauty by 3.3% during the 4th 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 in the last quarter. Truist Financial Corp raised its stake in e.l.f. Beauty by 1.3% during the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock valued at $990,000 after acquiring an additional 102 shares in the last quarter. Arizona State Retirement System raised its stake in e.l.f. Beauty by 0.8% during the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock valued at $2,055,000 after acquiring an additional 128 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in e.l.f. Beauty by 7.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock valued at $262,000 after acquiring an additional 150 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in e.l.f. Beauty by 84.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company’s stock valued at $54,000 after acquiring an additional 197 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft assumed coverage on e.l.f. Beauty in a research note on Thursday, December 12th. They issued a “hold” rating and a $133.00 price objective on the stock. Truist Financial boosted their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. B. Riley reissued a “buy” rating and issued a $90.00 price objective (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $70.00 price objective (down previously from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.94.

Insider Activity at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty 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 completion of the sale, the director now owns 1,888 shares of the company’s stock, valued at approximately $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $68.43 on Monday. e.l.f. Beauty, Inc. has a 1-year low of $61.90 and a 1-year high of $219.77. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 40.49, a P/E/G ratio of 6.76 and a beta of 1.60. The stock’s fifty day simple moving average is $92.02 and its 200-day simple moving average is $110.56.

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

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.