EFG Asset Management North America Corp. Makes New $2.62 Million Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

EFG Asset Management North America Corp. purchased a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 20,923 shares of the company’s stock, valued at approximately $2,623,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quest Partners LLC purchased a new stake in e.l.f. Beauty during the third quarter valued at $173,000. PNC Financial Services Group Inc. grew its stake in shares of e.l.f. Beauty by 29.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,392 shares of the company’s stock valued at $1,024,000 after purchasing an additional 2,146 shares during the period. Advisors Asset Management Inc. increased its position in shares of e.l.f. Beauty by 79.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 614 shares of the company’s stock valued at $67,000 after purchasing an additional 271 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of e.l.f. Beauty by 27.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 256,810 shares of the company’s stock worth $28,000,000 after purchasing an additional 55,461 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of e.l.f. Beauty by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 514,095 shares of the company’s stock worth $56,052,000 after buying an additional 9,711 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Trading Up 0.6 %

e.l.f. Beauty stock opened at $65.29 on Wednesday. e.l.f. Beauty, Inc. has a 1 year low of $60.35 and a 1 year high of $219.77. The firm’s 50 day moving average price is $83.03 and its 200-day moving average price is $106.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The stock has a market cap of $3.68 billion, a P/E ratio of 38.63, a PEG ratio of 6.76 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) 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%. On average, equities analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. DA Davidson reduced their target price on shares of 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. The Goldman Sachs Group reduced their price objective on 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. Raymond James lowered their target price on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research report on Friday, February 7th. Canaccord Genuity Group reduced their price target on 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. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Five equities 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 company. Based on data from MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and an average price target of $132.65.

Insider Buying and Selling

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the firm’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 transaction of $269,560.00. Following the completion of the transaction, the director now owns 1,888 shares in the company, valued at $127,232.32. This trade represents a 67.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Company 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.