Keystone Investors PTE Ltd. Acquires Shares of 21,650 e.l.f. Beauty, Inc. (NYSE:ELF)

Keystone Investors PTE Ltd. purchased a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 21,650 shares of the company’s stock, valued at approximately $2,718,000.

Several other hedge funds also recently added to or reduced their stakes in ELF. Wilmington Savings Fund Society FSB bought a new position in shares of e.l.f. Beauty during the third quarter valued at approximately $25,000. Promus Capital LLC bought a new position in e.l.f. Beauty during the 4th quarter worth about $31,000. Kestra Investment Management LLC purchased a new position in e.l.f. Beauty during the fourth quarter valued at approximately $32,000. Financial Life Planners purchased a new position in shares of e.l.f. Beauty in the 4th quarter valued at $46,000. Finally, New Wave Wealth Advisors LLC bought a new position in e.l.f. Beauty in the fourth quarter worth about $65,000. 92.44% of the stock is currently owned by institutional investors.

Insider Activity at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at approximately $127,232.32. This represents a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ELF has been the subject of several research reports. DA Davidson lowered their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. JPMorgan Chase & Co. lifted their price target on 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. Deutsche Bank Aktiengesellschaft started coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They issued a “hold” rating and a $133.00 price target on the stock. B. Riley reaffirmed a “buy” rating and set a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Finally, Raymond James cut their target price on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research note on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $132.65.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock opened at $64.91 on Tuesday. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 38.41, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The business has a 50-day moving average of $84.37 and a 200 day moving average of $107.18. e.l.f. Beauty, Inc. has a 12 month low of $60.35 and a 12 month high of $219.77.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate 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%. As a group, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

About e.l.f. Beauty

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.