Bessemer Group Inc. Acquires 46,518 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Bessemer Group Inc. grew its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 22.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 258,233 shares of the company’s stock after buying an additional 46,518 shares during the quarter. Bessemer Group Inc. owned 0.46% of e.l.f. Beauty worth $32,421,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in e.l.f. Beauty in the 3rd quarter valued at $25,000. Nemes Rush Group LLC acquired a new stake in e.l.f. Beauty during the 4th quarter worth approximately $27,000. Promus Capital LLC bought a new stake in shares of e.l.f. Beauty in the fourth quarter valued at about $31,000. Kestra Investment Management LLC bought a new stake in e.l.f. Beauty in the 4th quarter valued at about $32,000. Finally, Financial Life Planners bought a new stake in shares of e.l.f. Beauty in the fourth quarter valued at approximately $46,000. Institutional investors own 92.44% of the company’s stock.

Insider Activity at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 4,000 shares of the 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 completion of the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at $127,232.32. This represents a 67.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $55.48 on Thursday. e.l.f. Beauty, Inc. has a 1-year low of $49.90 and a 1-year high of $219.77. 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 stock has a market cap of $3.13 billion, a PE ratio of 32.83, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. The stock’s fifty day simple moving average is $68.24 and its two-hundred day simple moving average is $101.94.

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 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%. As a group, analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ELF. JPMorgan Chase & Co. increased their price objective on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. The Goldman Sachs Group dropped their target price on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Stifel Nicolaus reduced their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. B. Riley reiterated a “buy” rating and issued a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Finally, DA Davidson decreased their price target on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $130.24.

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.