Douglass Winthrop Advisors LLC Purchases Shares of 2,009 e.l.f. Beauty, Inc. (NYSE:ELF)

Douglass Winthrop Advisors LLC purchased a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) during the fourth quarter, Holdings Channel.com reports. The fund purchased 2,009 shares of the company’s stock, valued at approximately $252,000.

Several other hedge funds have also recently modified their holdings of ELF. Baillie Gifford & Co. grew its position in e.l.f. Beauty by 51.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after purchasing an additional 2,703,742 shares during the last quarter. Champlain Investment Partners LLC purchased a new stake in shares of e.l.f. Beauty during the third quarter valued at $121,558,000. Swedbank AB acquired a new position in shares of e.l.f. Beauty in the 3rd quarter valued at $76,321,000. William Blair Investment Management LLC raised its stake in 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 acquiring an additional 669,321 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in e.l.f. Beauty during the 4th quarter worth about $68,775,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ELF. UBS Group restated a “neutral” rating and issued a $74.00 price objective (down from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. The Goldman Sachs Group reduced their price target on shares of 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. B. Riley reiterated a “buy” rating and issued a $90.00 price objective (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. JPMorgan Chase & Co. raised their target price on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, DA Davidson lowered their price target on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.65.

Insider Activity at e.l.f. Beauty

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

e.l.f. Beauty Stock Up 0.8 %

Shares of NYSE ELF opened at $62.91 on Friday. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 37.22, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60. The company’s 50-day simple moving average is $85.71 and its 200-day simple moving average is $108.11. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 52-week low of $60.35 and a 52-week 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 EPS 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%. Equities analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS 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.