Xponance Inc. Increases Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Xponance Inc. raised its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 5.8% during the 4th quarter, Holdings Channel reports. The firm owned 11,280 shares of the company’s stock after purchasing an additional 615 shares during the quarter. Xponance Inc.’s holdings in e.l.f. Beauty were worth $1,416,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in shares of e.l.f. Beauty by 149.8% during the fourth quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock valued at $41,250,000 after buying an additional 197,028 shares during the period. Global Retirement Partners LLC lifted its stake in shares of e.l.f. Beauty by 441.0% during the fourth quarter. Global Retirement Partners LLC now owns 8,283 shares of the company’s stock valued at $1,040,000 after buying an additional 6,752 shares during the period. Robbins Farley lifted its stake in shares of e.l.f. Beauty by 27.1% during the fourth quarter. Robbins Farley now owns 34,396 shares of the company’s stock valued at $4,318,000 after buying an additional 7,335 shares during the period. Pacer Advisors Inc. lifted its stake in shares of e.l.f. Beauty by 43.4% during the fourth quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock valued at $1,482,000 after buying an additional 3,572 shares during the period. Finally, Ibex Wealth Advisors purchased a new position in shares of e.l.f. Beauty during the fourth quarter valued at approximately $5,519,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. DA Davidson cut their price target on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. UBS Group reaffirmed a “neutral” rating and set a $74.00 price target (down previously from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. The Goldman Sachs Group cut their price target on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Raymond James cut their price target on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research note on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $132.65.

Insiders Place Their Bets

In other news, Director Maureen C. Watson sold 4,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at approximately $127,232.32. This trade represents a 67.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Price Performance

ELF opened at $62.91 on Friday. The company has a fifty day simple moving average of $85.71 and a 200 day simple moving average of $107.89. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 6.76 and a beta of 1.60. e.l.f. Beauty, Inc. has a twelve month low of $60.35 and a twelve month high of $219.77. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. Equities research analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.