e.l.f. Beauty, Inc. (NYSE:ELF) Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 107.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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’s holdings in e.l.f. Beauty were worth $36,122,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ELF. Baillie Gifford & Co. increased its stake in shares of e.l.f. Beauty by 51.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after buying an additional 2,703,742 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of e.l.f. Beauty by 40.9% in the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock worth $289,437,000 after purchasing an additional 669,321 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at about $68,775,000. Principal Financial Group Inc. lifted its position in shares of e.l.f. Beauty by 149.8% during the fourth quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock worth $41,250,000 after purchasing an additional 197,028 shares during the last quarter. Finally, Swedbank AB grew its stake in e.l.f. Beauty by 16.0% in the fourth quarter. Swedbank AB now owns 812,000 shares of the company’s stock worth $101,947,000 after purchasing an additional 112,000 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Performance

ELF stock opened at $64.58 on Thursday. The company has a 50-day simple moving average of $81.75 and a 200 day simple moving average of $106.48. The company has a market capitalization of $3.64 billion, a P/E ratio of 38.21, a PEG ratio of 6.76 and a beta of 1.60. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a fifty-two week low of $60.35 and a fifty-two week high of $219.77.

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 return on equity of 16.88% and a net margin of 7.55%. Sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Buying and Selling at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 4,000 shares of the company’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 owns 1,888 shares in the company, valued at $127,232.32. This represents a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 3.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Stifel Nicolaus reduced their target price on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. Truist Financial raised their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Piper Sandler lowered their target price on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. DA Davidson reduced their price target on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Finally, Canaccord Genuity Group decreased their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a report on Friday, February 7th. Five investment 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $132.65.

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.