e.l.f. Beauty, Inc. (NYSE:ELF) Stock Position Raised by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 15.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,255 shares of the company’s stock after acquiring an additional 294 shares during the period. Harvest Fund Management Co. Ltd’s holdings in e.l.f. Beauty were worth $325,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. F M Investments LLC acquired a new position in shares of e.l.f. Beauty during the 4th quarter valued at about $224,000. GAMMA Investing LLC acquired a new stake in e.l.f. Beauty in the 4th quarter valued at approximately $42,000. California Public Employees Retirement System grew its holdings in e.l.f. Beauty by 15.4% in the 4th quarter. California Public Employees Retirement System now owns 103,555 shares of the company’s stock valued at $14,947,000 after buying an additional 13,793 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in e.l.f. Beauty by 15.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 12,816 shares of the company’s stock valued at $1,850,000 after buying an additional 1,720 shares during the last quarter. Finally, Telemus Capital LLC acquired a new stake in e.l.f. Beauty in the 4th quarter valued at approximately $974,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

ELF traded down $0.01 during trading on Wednesday, hitting $176.98. The company’s stock had a trading volume of 2,511,915 shares, compared to its average volume of 1,588,050. The firm’s 50 day moving average price is $186.24 and its two-hundred day moving average price is $150.60. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27. e.l.f. Beauty, Inc. has a 12 month low of $83.80 and a 12 month high of $221.83. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of 78.31, a price-to-earnings-growth ratio of 1.52 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) 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 firm had revenue of $270.94 million during the quarter, compared to the consensus estimate of $239.66 million. Sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current fiscal year.

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

In other news, CEO Tarang Amin sold 23,519 shares of the business’s 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 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 filing with the SEC, which is available at this hyperlink. In other news, CEO Tarang Amin sold 23,519 shares of the business’s 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 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 filing with the SEC, which is available at this hyperlink. Also, SVP Joshua Allen Franks sold 727 shares of e.l.f. Beauty stock in a transaction 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 sale, the senior vice president now directly owns 83,736 shares of the company’s stock, valued at $13,829,837.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,325 shares of company stock worth $28,081,154. 5.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Truist Financial raised their target price on e.l.f. Beauty from $150.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. 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. Morgan Stanley lifted their price objective on e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Piper Sandler lifted their price objective on e.l.f. Beauty from $225.00 to $228.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. Finally, Stifel Nicolaus lifted their price objective on e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $184.33.

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.