Pier Capital LLC Has $7.56 Million Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Pier Capital LLC grew its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 182.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,210 shares of the company’s stock after purchasing an additional 38,879 shares during the period. Pier Capital LLC owned approximately 0.11% of e.l.f. Beauty worth $7,559,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ELF. Nisa Investment Advisors LLC grew its position in e.l.f. Beauty by 3.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock valued at $361,000 after acquiring an additional 91 shares during the period. Truist Financial Corp boosted its stake in shares of e.l.f. Beauty by 1.3% in the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock valued at $990,000 after purchasing an additional 102 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of e.l.f. Beauty by 0.8% in the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock worth $2,055,000 after purchasing an additional 128 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in shares of e.l.f. Beauty by 7.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock worth $262,000 after purchasing an additional 150 shares in the last quarter. Finally, Horizon Investments LLC lifted its holdings in e.l.f. Beauty by 29.0% during the 4th quarter. Horizon Investments LLC now owns 742 shares of the company’s stock valued at $93,000 after purchasing an additional 167 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on ELF shares. Stifel Nicolaus decreased 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. Canaccord Genuity Group decreased their price target on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Raymond James cut their price objective on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research report on Friday, February 7th. The Goldman Sachs Group decreased their target price on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, B. Riley reaffirmed a “buy” rating and issued a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Five 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.65.

Insiders Place Their Bets

In related news, Director Maureen C. Watson sold 4,000 shares of the business’s 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 owns 1,888 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.50% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of ELF stock opened at $64.91 on Tuesday. The firm’s 50 day moving average price is $84.37 and its two-hundred day moving average price is $107.18. 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 52-week low of $60.35 and a 52-week high of $219.77. The stock has a market cap of $3.66 billion, a PE ratio of 38.41, a PEG ratio of 6.76 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (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%. As a group, analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

About e.l.f. Beauty

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.