e.l.f. Beauty, Inc. (NYSE:ELF) Shares Acquired by Horizon Investments LLC

Horizon Investments LLC boosted its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 29.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 742 shares of the company’s stock after purchasing an additional 167 shares during the quarter. Horizon Investments LLC’s holdings in e.l.f. Beauty were worth $93,000 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 the stock. Nisa Investment Advisors LLC boosted its position 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 purchasing an additional 91 shares during the period. Truist Financial Corp boosted its position 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 worth $990,000 after acquiring an additional 102 shares during the period. Arizona State Retirement System boosted its position 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 worth $2,055,000 after acquiring an additional 128 shares during the period. Atria Wealth Solutions Inc. boosted its position 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 worth $262,000 after acquiring an additional 150 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its position 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 worth $54,000 after acquiring an additional 197 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ELF. Piper Sandler reduced their price target on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Raymond James reduced their price target 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. JPMorgan Chase & Co. upped their price objective on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. UBS Group restated a “neutral” rating and issued a $74.00 price objective (down previously from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Finally, DA Davidson cut their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Monday. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and an average target price of $132.65.

Insider Activity at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the company’s 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 transaction, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.50% of the stock is owned by insiders.

e.l.f. Beauty Stock Down 1.7 %

Shares of e.l.f. Beauty stock opened at $62.53 on Friday. The firm has a market capitalization of $3.53 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60. e.l.f. Beauty, Inc. has a 12-month low of $61.90 and a 12-month high of $219.77. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average is $86.96 and its 200-day moving average is $108.72.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly 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%. Equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current 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.