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

Townsquare Capital LLC lifted its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 24.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 51,398 shares of the company’s stock after purchasing an additional 10,079 shares during the quarter. Townsquare Capital LLC’s holdings in e.l.f. Beauty were worth $6,453,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Next Century Growth Investors LLC grew its holdings in shares of e.l.f. Beauty by 39.0% during the fourth quarter. Next Century Growth Investors LLC now owns 53,920 shares of the company’s stock valued at $6,770,000 after purchasing an additional 15,122 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in e.l.f. Beauty during the 4th quarter worth $1,465,000. Covestor Ltd increased its position in e.l.f. Beauty by 55.7% in the fourth quarter. Covestor Ltd now owns 928 shares of the company’s stock worth $117,000 after buying an additional 332 shares during the period. Treasurer of the State of North Carolina lifted its stake in e.l.f. Beauty by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company’s stock valued at $2,967,000 after buying an additional 140 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of e.l.f. Beauty by 22.0% during the fourth quarter. Bessemer Group Inc. now owns 258,233 shares of the company’s stock valued at $32,421,000 after acquiring an additional 46,518 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Buying and Selling at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ELF shares. The Goldman Sachs Group dropped their price objective on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a report on Friday, February 21st. UBS Group reaffirmed a “neutral” rating and set a $74.00 price target (down previously from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. 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. DA Davidson cut their target price on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Finally, Piper Sandler decreased their price target on e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, March 31st. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $124.76.

e.l.f. Beauty Stock Performance

ELF stock opened at $53.60 on Monday. The firm has a 50 day simple moving average of $66.75 and a 200 day simple moving average of $101.08. e.l.f. Beauty, Inc. has a 52 week low of $49.90 and a 52 week high of $219.77. The stock has a market cap of $3.02 billion, a P/E ratio of 31.71, a P/E/G ratio of 6.76 and a beta of 1.41. 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 earnings per share (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%. Research analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

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.