Bessemer Group Inc. Grows Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Bessemer Group Inc. boosted its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 22.0% during the fourth quarter, HoldingsChannel reports. The firm owned 258,233 shares of the company’s stock after buying an additional 46,518 shares during the period. Bessemer Group Inc.’s holdings in e.l.f. Beauty were worth $32,421,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in e.l.f. Beauty in the third quarter worth $25,000. Nemes Rush Group LLC purchased a new position in shares of e.l.f. Beauty in the 4th quarter worth about $27,000. Promus Capital LLC purchased a new position in shares of e.l.f. Beauty in the 4th quarter worth about $31,000. Kestra Investment Management LLC purchased a new position in shares of e.l.f. Beauty during the 4th quarter valued at about $32,000. Finally, Financial Life Planners purchased a new position in shares of e.l.f. Beauty during the 4th quarter valued at about $46,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Up 8.8 %

ELF stock opened at $55.48 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. e.l.f. Beauty, Inc. has a fifty-two week low of $49.90 and a fifty-two week high of $219.77. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. The business’s 50 day moving average price is $68.24 and its two-hundred day moving average price is $101.94.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data 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%. As a group, analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction 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 transaction, the director now owns 1,888 shares in the company, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on ELF. Deutsche Bank Aktiengesellschaft assumed coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They set a “hold” rating and a $133.00 price target on the stock. Raymond James decreased their target price 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 report on Friday, February 7th. Truist Financial upped their price target on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Morgan Stanley reiterated an “equal weight” rating and issued a $70.00 price objective (down previously from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Finally, UBS Group restated a “neutral” rating and set a $74.00 target price (down from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Five 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $130.24.

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.