Mitsubishi UFJ Trust & Banking Corp Boosts Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Mitsubishi UFJ Trust & Banking Corp raised its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 107.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 287,710 shares of the company’s stock after purchasing an additional 148,916 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.51% of e.l.f. Beauty worth $36,122,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of e.l.f. Beauty during the 3rd quarter worth approximately $25,000. Promus Capital LLC purchased a new position in e.l.f. Beauty during the fourth quarter worth $31,000. Kestra Investment Management LLC acquired a new position in shares of e.l.f. Beauty in the fourth quarter worth $32,000. Financial Life Planners purchased a new stake in shares of e.l.f. Beauty in the fourth quarter valued at $46,000. Finally, Quarry LP acquired a new stake in shares of e.l.f. Beauty during the third quarter valued at $62,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Activity

In other news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty 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 sale, the director now owns 1,888 shares in the company, valued at $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on ELF shares. The Goldman Sachs Group cut their target price on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research note on Friday, February 21st. JPMorgan Chase & Co. upped 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 note on Thursday, January 16th. B. Riley reaffirmed a “buy” rating and issued a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Truist Financial boosted their price target 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, Piper Sandler decreased their price objective on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Five research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.65.

e.l.f. Beauty Trading Down 0.8 %

NYSE ELF opened at $64.58 on Thursday. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 38.21, a PEG 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. e.l.f. Beauty, Inc. has a one year low of $60.35 and a one year high of $219.77. The company’s 50 day moving average price is $81.75 and its 200 day moving average price is $106.48.

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 the consensus estimate 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%. On average, sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current 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.