Van ECK Associates Corp Grows Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Van ECK Associates Corp raised its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 17.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,975 shares of the company’s stock after buying an additional 6,387 shares during the period. Van ECK Associates Corp owned about 0.08% of e.l.f. Beauty worth $5,521,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ELF. Baillie Gifford & Co. boosted its position in e.l.f. Beauty by 39.5% during the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock worth $578,480,000 after acquiring an additional 1,501,151 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in e.l.f. Beauty in the 3rd quarter valued at about $121,558,000. Swedbank AB acquired a new position in e.l.f. Beauty in the 3rd quarter valued at about $76,321,000. Thrivent Financial for Lutherans boosted its holdings in e.l.f. Beauty by 223.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock valued at $60,543,000 after purchasing an additional 383,478 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its position in shares of e.l.f. Beauty by 20,187.5% during the third quarter. Westfield Capital Management Co. LP now owns 334,743 shares of the company’s stock valued at $36,497,000 after acquiring an additional 333,093 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock opened at $72.28 on Wednesday. The stock has a market cap of $4.07 billion, a P/E ratio of 42.77, a price-to-earnings-growth ratio of 1.54 and a beta of 1.47. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average of $115.31 and a 200-day moving average of $123.09. e.l.f. Beauty, Inc. has a 52 week low of $63.50 and a 52 week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its 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 return on equity of 17.35% and a net margin of 7.55%. On average, analysts expect that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Maureen C. Watson sold 785 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $245,440. This trade represents a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the sale, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock valued at $297,442 over the last three months. Company insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ELF shares. UBS Group reaffirmed a “neutral” rating and issued a $74.00 price target (down previously from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Truist Financial boosted their target price 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. Jefferies Financial Group dropped their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Stifel Nicolaus reduced their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group reduced their price objective on e.l.f. Beauty from $165.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Five research 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 company. Based on data from MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.00.

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.