Steward Partners Investment Advisory LLC Increases Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Steward Partners Investment Advisory LLC boosted its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 157.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,805 shares of the company’s stock after acquiring an additional 1,717 shares during the period. Steward Partners Investment Advisory LLC’s holdings in e.l.f. Beauty were worth $352,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ELF. State of New Jersey Common Pension Fund D boosted its holdings in e.l.f. Beauty by 4.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 21,443 shares of the company’s stock valued at $2,338,000 after purchasing an additional 874 shares during the last quarter. Entropy Technologies LP boosted its holdings in e.l.f. Beauty by 60.3% in the 3rd quarter. Entropy Technologies LP now owns 3,238 shares of the company’s stock valued at $353,000 after purchasing an additional 1,218 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in e.l.f. Beauty by 230.6% in the 3rd quarter. GSA Capital Partners LLP now owns 13,045 shares of the company’s stock valued at $1,422,000 after purchasing an additional 9,099 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of e.l.f. Beauty by 1,380.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock worth $1,775,000 after acquiring an additional 15,184 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC lifted its holdings in shares of e.l.f. Beauty by 7.9% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 12,488 shares of the company’s stock worth $1,362,000 after acquiring an additional 909 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Activity at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the 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 completion of the sale, the director now owns 1,888 shares in the company, valued at $127,232.32. This represents a 67.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ELF. Morgan Stanley restated an “equal weight” rating and issued a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Stifel Nicolaus decreased their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. Truist Financial upped their price objective on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Canaccord Genuity Group decreased 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. Finally, DA Davidson restated a “neutral” rating and issued a $80.00 price objective on shares of e.l.f. Beauty in a report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $132.94.

e.l.f. Beauty Trading Down 7.5 %

Shares of NYSE:ELF opened at $63.07 on Friday. e.l.f. Beauty, Inc. has a 52 week low of $61.90 and a 52 week high of $219.77. The company’s 50 day moving average is $93.16 and its two-hundred day moving average is $111.75. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.56 billion, a PE ratio of 37.32, a P/E/G ratio of 6.76 and a beta of 1.60.

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

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.