Alberta Investment Management Corp Grows Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Alberta Investment Management Corp increased its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 23.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,748 shares of the company’s stock after buying an additional 4,466 shares during the period. Alberta Investment Management Corp’s holdings in e.l.f. Beauty were worth $2,982,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in e.l.f. Beauty in the 3rd quarter worth about $25,000. Kestra Investment Management LLC purchased a new position in shares of e.l.f. Beauty during the fourth quarter worth about $32,000. Planning Capital Management Corp increased its position in shares of e.l.f. Beauty by 1,855.0% in the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after purchasing an additional 371 shares during the last quarter. Peterson Financial Group Inc. purchased a new stake in e.l.f. Beauty in the third quarter valued at approximately $45,000. Finally, Financial Life Planners bought a new stake in e.l.f. Beauty during the fourth quarter valued at approximately $46,000. Institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in 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 objective on the stock. UBS Group restated 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 report on Friday, February 7th. Jefferies Financial Group cut their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Truist Financial raised their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $70.00 target price (down previously from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average price target of $134.00.

e.l.f. Beauty Trading Down 2.9 %

Shares of ELF opened at $71.01 on Friday. The stock has a market capitalization of $4.00 billion, a P/E ratio of 42.02, a PEG ratio of 6.87 and a beta of 1.47. e.l.f. Beauty, Inc. has a twelve month low of $63.50 and a twelve month high of $221.83. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $112.70 and a two-hundred day simple moving average of $122.09.

e.l.f. Beauty (NYSE:ELF) last posted its 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 return on equity of 16.88% and a net margin of 7.55%. On average, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 890 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the sale, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at $245,440. The trade was a 29.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is currently owned by company insiders.

e.l.f. Beauty 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.