Van ECK Associates Corp Takes $2.21 Million Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Van ECK Associates Corp acquired a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 15,328 shares of the company’s stock, valued at approximately $2,212,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Precision Wealth Strategies LLC acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at about $254,000. Valmark Advisers Inc. raised its stake in e.l.f. Beauty by 97.9% during the 4th quarter. Valmark Advisers Inc. now owns 9,329 shares of the company’s stock worth $1,347,000 after buying an additional 4,615 shares during the period. Cercano Management LLC acquired a new position in e.l.f. Beauty during the 4th quarter worth approximately $24,000,000. Truist Financial Corp raised its stake in e.l.f. Beauty by 18.8% during the 4th quarter. Truist Financial Corp now owns 7,245 shares of the company’s stock worth $1,046,000 after buying an additional 1,146 shares during the period. Finally, Wisconsin Capital Management LLC raised its stake in e.l.f. Beauty by 82.4% during the 4th quarter. Wisconsin Capital Management LLC now owns 15,048 shares of the company’s stock worth $2,172,000 after buying an additional 6,796 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Bank of America upped their price target on e.l.f. Beauty from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Truist Financial boosted their price objective on e.l.f. Beauty from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Robert W. Baird began coverage on e.l.f. Beauty in a report on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price objective for the company. TD Cowen raised e.l.f. Beauty from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $220.00 to $190.00 in a report on Wednesday, April 17th. Finally, DA Davidson reissued a “buy” rating and set a $220.00 price objective on shares of e.l.f. Beauty in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $184.33.

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 stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the completion of the transaction, 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 is available through the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the sale, the chief executive officer now owns 10,889 shares in the company, valued at $2,165,713.21. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kory Marchisotto sold 29,408 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $166.40, for a total value of $4,893,491.20. Following the sale, the insider now owns 156,969 shares in the company, valued at approximately $26,119,641.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 178,081 shares of company stock valued at $30,457,064. Company insiders own 5.20% of the company’s stock.

e.l.f. Beauty Stock Performance

ELF stock opened at $163.60 on Wednesday. The firm has a market cap of $9.08 billion, a PE ratio of 72.39, a P/E/G ratio of 1.50 and a beta of 1.60. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average of $183.66 and a 200-day moving average of $155.11. e.l.f. Beauty, Inc. has a 12-month low of $83.80 and a 12-month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. The business had revenue of $270.94 million during the quarter, compared to analyst estimates of $239.66 million. As a group, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current year.

About e.l.f. Beauty

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.