e.l.f. Beauty, Inc. (NYSE:ELF) Stock Holdings Increased by Intact Investment Management Inc.

Intact Investment Management Inc. raised its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 113.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,900 shares of the company’s stock after acquiring an additional 2,600 shares during the period. Intact Investment Management Inc.’s holdings in e.l.f. Beauty were worth $615,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Tredje AP fonden bought a new stake in e.l.f. Beauty during the 4th quarter valued at $5,650,000. Swiss National Bank raised its stake in e.l.f. Beauty by 0.7% during the 4th quarter. Swiss National Bank now owns 110,900 shares of the company’s stock valued at $13,923,000 after acquiring an additional 800 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in e.l.f. Beauty by 31.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 2,430 shares of the company’s stock valued at $305,000 after acquiring an additional 588 shares in the last quarter. Knuff & Co LLC bought a new stake in e.l.f. Beauty during the 4th quarter valued at $249,000. Finally, Moran Wealth Management LLC raised its stake in shares of e.l.f. Beauty by 11.2% in the 4th quarter. Moran Wealth Management LLC now owns 4,567 shares of the company’s stock worth $573,000 after buying an additional 460 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $68.43 on Friday. e.l.f. Beauty, Inc. has a 1-year low of $61.90 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 company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 40.49, a P/E/G ratio of 6.76 and a beta of 1.60. The stock’s fifty day simple moving average is $92.02 and its 200-day simple moving average is $110.86.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results 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%. On average, sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Activity

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the transaction, the director now owns 1,888 shares in the company, valued at $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ELF. Morgan Stanley reissued an “equal weight” rating and issued a $70.00 price objective (down previously from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. B. Riley reissued 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. Raymond James dropped their price objective on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research note on Friday, February 7th. The Goldman Sachs Group dropped their price objective on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft started coverage on e.l.f. Beauty in a research note on Thursday, December 12th. They issued a “hold” rating and a $133.00 price objective on the stock. Five 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 currently has an average rating of “Moderate Buy” and a consensus price target of $132.94.

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.