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

Keystone Investors PTE Ltd. bought a new position in e.l.f. Beauty, Inc. (NYSE:ELF) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 21,650 shares of the company’s stock, valued at approximately $2,718,000.

Several other hedge funds also recently made changes to their positions in ELF. Baillie Gifford & Co. grew its position in shares of e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after buying an additional 2,703,742 shares during the period. Swedbank AB purchased a new position in shares of e.l.f. Beauty during the third quarter valued at approximately $76,321,000. William Blair Investment Management LLC boosted its position in shares of e.l.f. Beauty by 40.9% in the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock worth $289,437,000 after purchasing an additional 669,321 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of e.l.f. Beauty in the 4th quarter worth approximately $68,775,000. Finally, Westfield Capital Management Co. LP increased its position in e.l.f. Beauty by 20,187.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 334,743 shares of the company’s stock valued at $36,497,000 after buying an additional 333,093 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock opened at $64.91 on Tuesday. The stock has a market cap of $3.66 billion, a P/E ratio of 38.41, a P/E/G ratio of 6.76 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The stock’s fifty day moving average is $84.37 and its 200 day moving average is $107.18. e.l.f. Beauty, Inc. has a one year low of $60.35 and a one year high of $219.77.

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%. Sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on ELF. Stifel Nicolaus dropped their target price on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. increased 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 report on Thursday, January 16th. Piper Sandler decreased 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. 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 report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price objective for the company. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $132.65.

Insider Activity

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the transaction, the director now directly owns 1,888 shares in the company, valued at $127,232.32. This represents a 67.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.50% of the company’s stock.

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.