e.l.f. Beauty, Inc. (NYSE:ELF) Stock Position Increased by Annis Gardner Whiting Capital Advisors LLC

Annis Gardner Whiting Capital Advisors LLC lifted its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 60.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,410 shares of the company’s stock after buying an additional 910 shares during the period. Annis Gardner Whiting Capital Advisors LLC’s holdings in e.l.f. Beauty were worth $348,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP raised its position in shares of e.l.f. Beauty by 235.8% during the third quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company’s stock worth $265,196,000 after purchasing an additional 1,695,585 shares during the period. Invesco Ltd. raised its position in shares of e.l.f. Beauty by 15.3% during the third quarter. Invesco Ltd. now owns 1,497,707 shares of the company’s stock worth $164,493,000 after purchasing an additional 198,235 shares during the period. William Blair Investment Management LLC raised its position in shares of e.l.f. Beauty by 58.2% during the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock worth $156,427,000 after purchasing an additional 523,903 shares during the period. Dimensional Fund Advisors LP raised its position in shares of e.l.f. Beauty by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 952,863 shares of the company’s stock worth $137,538,000 after purchasing an additional 7,999 shares during the period. Finally, FMR LLC grew its holdings in shares of e.l.f. Beauty by 641.2% during the third quarter. FMR LLC now owns 832,404 shares of the company’s stock valued at $91,423,000 after buying an additional 720,098 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

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 lowered their price target for the company from $220.00 to $190.00 in a report on Wednesday, April 17th. Robert W. Baird initiated coverage on e.l.f. Beauty in a report on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price target on the stock. DA Davidson reiterated a “buy” rating and set a $220.00 price target on shares of e.l.f. Beauty in a report on Monday, April 8th. Canaccord Genuity Group restated a “buy” rating and issued a $214.00 target price on shares of e.l.f. Beauty in a research note on Tuesday. Finally, Morgan Stanley upped their price target on e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $184.54.

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 Monday, May 6th. The stock was sold at an average price of $163.70, for a total value of $3,850,060.30. Following the completion of the transaction, the chief executive officer now owns 10,890 shares of the company’s stock, valued at approximately $1,782,693. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Tarang Amin sold 23,519 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $163.70, for a total value of $3,850,060.30. Following the sale, the chief executive officer now directly owns 10,890 shares in the company, valued at approximately $1,782,693. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Joshua Allen Franks sold 727 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $13,829,837.76. The disclosure for this sale can be found here. Insiders sold a total of 201,600 shares of company stock valued at $34,307,124 in the last quarter. Corporate insiders own 5.20% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF traded up $31.76 during trading hours on Thursday, hitting $187.39. 4,179,573 shares of the company’s stock were exchanged, compared to its average volume of 1,569,329. e.l.f. Beauty, Inc. has a 1-year low of $83.80 and a 1-year high of $221.83. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The stock has a market capitalization of $10.40 billion, a price-to-earnings ratio of 79.54, a PEG ratio of 1.49 and a beta of 1.60. The company’s 50-day moving average price is $173.88 and its 200-day moving average price is $159.36.

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.