Mutual of America Capital Management LLC Increases Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Mutual of America Capital Management LLC boosted its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 1.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,661 shares of the company’s stock after acquiring an additional 117 shares during the period. Mutual of America Capital Management LLC’s holdings in e.l.f. Beauty were worth $1,394,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Wellington Management Group LLP lifted its holdings in shares of e.l.f. Beauty by 235.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company’s stock worth $265,196,000 after acquiring an additional 1,695,585 shares during the period. FMR LLC raised its stake in e.l.f. Beauty by 641.2% during the third quarter. FMR LLC now owns 832,404 shares of the company’s stock worth $91,423,000 after purchasing an additional 720,098 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of e.l.f. Beauty by 58.2% in the 3rd quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock valued at $156,427,000 after purchasing an additional 523,903 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in shares of e.l.f. Beauty by 152.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 421,219 shares of the company’s stock valued at $46,262,000 after buying an additional 254,469 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of e.l.f. Beauty by 52.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 607,359 shares of the company’s stock worth $66,706,000 after buying an additional 208,263 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ELF has been the topic of a number of research analyst reports. TD Cowen upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and reduced their target price for the company from $220.00 to $190.00 in a report on Wednesday, April 17th. Bank of America increased their target price on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Piper Sandler lifted their price target on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. StockNews.com lowered shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Finally, Morgan Stanley upped their price target on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus target price of $184.33.

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

In other news, SVP Joshua Allen Franks sold 727 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $165.16, for a total value of $120,071.32. Following the completion of the sale, the senior vice president now owns 83,736 shares of the company’s stock, valued at approximately $13,829,837.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Joshua Allen Franks sold 727 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $165.16, for a total value of $120,071.32. Following the completion of the transaction, the senior vice president now owns 83,736 shares in the company, valued at approximately $13,829,837.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 value of $4,677,693.91. Following the sale, the chief executive officer now directly owns 10,889 shares in the company, valued at $2,165,713.21. The disclosure for this sale can be found here. Insiders have sold 164,325 shares of company stock worth $28,081,154 in the last ninety days. 5.20% of the stock is owned by insiders.

e.l.f. Beauty Stock Up 3.0 %

Shares of e.l.f. Beauty stock opened at $161.50 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. e.l.f. Beauty, Inc. has a 1-year low of $83.80 and a 1-year high of $221.83. The business has a 50-day moving average of $186.06 and a 200-day moving average of $150.06. The company has a market capitalization of $8.96 billion, a PE ratio of 71.46, a P/E/G ratio of 1.47 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.11. The company had revenue of $270.94 million for the quarter, compared to the consensus estimate of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. As a group, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.5 EPS for the current fiscal year.

e.l.f. Beauty Company 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.