Mirae Asset Global Investments Co. Ltd. Increases Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 30.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 35,662 shares of the company’s stock after buying an additional 8,408 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in e.l.f. Beauty were worth $5,155,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. ST Germain D J Co. Inc. purchased a new stake in e.l.f. Beauty in the second quarter worth about $26,000. Dark Forest Capital Management LP purchased a new stake in e.l.f. Beauty in the first quarter worth about $27,000. Point72 Middle East FZE purchased a new stake in e.l.f. Beauty in the fourth quarter worth about $28,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in e.l.f. Beauty in the third quarter worth about $29,000. Finally, Armstrong Advisory Group Inc. grew its holdings in e.l.f. Beauty by 390.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock worth $29,000 after purchasing an additional 160 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Up 0.3 %

Shares of e.l.f. Beauty stock opened at $163.40 on Tuesday. The company has a market cap of $9.07 billion, a price-to-earnings ratio of 72.30, a price-to-earnings-growth ratio of 1.51 and a beta of 1.57. The company’s 50 day moving average is $186.83 and its 200 day moving average is $147.91. e.l.f. Beauty, Inc. has a twelve month low of $83.80 and a twelve month high of $221.83. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. The business had revenue of $270.94 million during the quarter, compared to analysts’ expectations of $239.66 million. Research analysts anticipate that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. upped their target price on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, January 18th. Raymond James upped their target price on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. Robert W. Baird assumed coverage on shares of e.l.f. Beauty in a research note on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 target price on the stock. Finally, Piper Sandler upped their target price on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $186.83.

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

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the completion of the sale, the chief executive officer now directly owns 10,889 shares of the company’s stock, valued at $2,165,713.21. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.20% of the stock is owned by corporate insiders.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.