Mitsubishi UFJ Asset Management Co. Ltd. Has $5.07 Million Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 47.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,413 shares of the company’s stock after buying an additional 13,072 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.07% of e.l.f. Beauty worth $5,067,000 as of its most recent SEC filing.

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

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $64.30 on Wednesday. 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 firm has a 50-day moving average of $76.75 and a 200-day moving average of $105.03. e.l.f. Beauty, Inc. has a one year low of $60.35 and a one year high of $219.77. The company has a market cap of $3.63 billion, a P/E ratio of 38.05, a P/E/G ratio of 6.76 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data 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 return on equity of 16.88% and a net margin of 7.55%. Equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ELF. DA Davidson lowered their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Raymond James lowered their target price on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft began coverage on e.l.f. Beauty in a report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price target on the stock. Stifel Nicolaus decreased their price objective on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Finally, Truist Financial boosted their target price on e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.24.

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 on Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the sale, the director now directly owns 1,888 shares of the company’s stock, valued at $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.50% of the stock is currently owned by insiders.

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.