Principal Securities Inc. Has $148,000 Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Principal Securities Inc. increased its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 61.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,178 shares of the company’s stock after acquiring an additional 450 shares during the period. Principal Securities Inc.’s holdings in e.l.f. Beauty were worth $148,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ELF. Congress Asset Management Co. lifted its stake in e.l.f. Beauty by 21.3% in the 4th quarter. Congress Asset Management Co. now owns 610,990 shares of the company’s stock valued at $76,710,000 after acquiring an additional 107,413 shares in the last quarter. WASHINGTON TRUST Co bought a new position in shares of e.l.f. Beauty in the 4th quarter valued at about $12,428,000. Vontobel Holding Ltd. acquired a new stake in shares of e.l.f. Beauty in the fourth quarter valued at about $718,000. Van ECK Associates Corp raised its holdings in e.l.f. Beauty by 17.0% during the fourth quarter. Van ECK Associates Corp now owns 43,975 shares of the company’s stock worth $5,521,000 after acquiring an additional 6,387 shares in the last quarter. Finally, Legato Capital Management LLC acquired a new position in e.l.f. Beauty during the fourth quarter valued at approximately $926,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Raymond James lowered their price target on 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. UBS Group reissued a “neutral” rating and issued a $74.00 price objective (down previously from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Truist Financial upped their target price on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Stifel Nicolaus reduced their price target on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Finally, 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 research note on Thursday, January 16th. Five 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. According to data from MarketBeat.com, e.l.f. Beauty has an average rating of “Moderate Buy” and an average target price of $132.94.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $75.26 on Tuesday. The firm has a 50 day moving average of $110.17 and a 200-day moving average of $120.17. The stock has a market capitalization of $4.24 billion, a PE ratio of 44.53, a PEG ratio of 6.76 and a beta of 1.47. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 12 month low of $63.50 and a 12 month high of $221.83.

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

Insider Activity

In related news, Director Maureen C. Watson sold 785 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the transaction, the director now owns 1,888 shares in the company, valued at $245,440. This trade represents a 29.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The stock was 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 approximately $13,718,582.40. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,205 shares of company stock worth $297,442. Corporate insiders own 3.50% of the company’s stock.

About e.l.f. Beauty

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.