e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA lowered its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 316,039 shares of the company’s stock after selling 4,216 shares during the quarter. Primecap Management Co. CA owned approximately 0.56% of e.l.f. Beauty worth $39,679,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC raised its holdings in e.l.f. Beauty by 3.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock worth $361,000 after purchasing an additional 91 shares in the last quarter. Truist Financial Corp raised its holdings in e.l.f. Beauty by 1.3% during the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock worth $990,000 after purchasing an additional 102 shares in the last quarter. Arizona State Retirement System raised its holdings in e.l.f. Beauty by 0.8% during the fourth quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock worth $2,055,000 after purchasing an additional 128 shares in the last quarter. Atria Wealth Solutions Inc. raised its holdings in e.l.f. Beauty by 7.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock worth $262,000 after purchasing an additional 150 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in e.l.f. Beauty by 84.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company’s stock worth $54,000 after purchasing an additional 197 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ELF has been the topic of a number of research analyst reports. Canaccord Genuity Group cut their price objective on shares of 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They set a “hold” rating and a $133.00 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of 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. DA Davidson lowered their target price 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. Finally, Raymond James lowered their target price on shares of 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. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $132.65.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $63.64 on Wednesday. The firm has a market capitalization of $3.59 billion, a P/E ratio of 37.65, a PEG ratio of 6.76 and a beta of 1.60. e.l.f. Beauty, Inc. has a one year low of $61.90 and a one year high of $219.77. The company’s fifty day moving average is $89.54 and its two-hundred day moving average is $109.36. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Thursday, February 6th. The company reported $0.41 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%. Analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were 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 in the company, valued at approximately $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 accessible through the SEC website. 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.