Xponance Inc. Grows Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Xponance Inc. lifted its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,280 shares of the company’s stock after purchasing an additional 615 shares during the period. Xponance Inc.’s holdings in e.l.f. Beauty were worth $1,416,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ELF. Wilmington Savings Fund Society FSB purchased a new stake in shares of e.l.f. Beauty during the 3rd quarter worth $25,000. Promus Capital LLC purchased a new stake in e.l.f. Beauty in the fourth quarter valued at $31,000. Kestra Investment Management LLC purchased a new stake in e.l.f. Beauty in the fourth quarter valued at $32,000. Financial Life Planners purchased a new stake in e.l.f. Beauty in the fourth quarter valued at $46,000. Finally, First Horizon Advisors Inc. lifted its position in e.l.f. Beauty by 70.4% in the third quarter. First Horizon Advisors Inc. now owns 559 shares of the company’s stock valued at $61,000 after acquiring an additional 231 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the company’s stock in a transaction dated 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 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on ELF. Canaccord Genuity Group reduced their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Truist Financial boosted 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. B. Riley reissued a “buy” rating and issued a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Piper Sandler reduced their target price on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $74.00 target price (down from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus target price of $132.65.

e.l.f. Beauty Trading Up 0.8 %

Shares of ELF opened at $62.91 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average is $85.71 and its two-hundred day moving average is $107.89. e.l.f. Beauty, Inc. has a twelve month low of $60.35 and a twelve month high of $219.77. The firm has a market capitalization of $3.55 billion, a P/E ratio of 37.22, a PEG ratio of 6.76 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate 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 predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

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.