Sei Investments Co. Raises Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Sei Investments Co. increased its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 31.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 172,441 shares of the company’s stock after acquiring an additional 41,129 shares during the quarter. Sei Investments Co.’s holdings in e.l.f. Beauty were worth $21,650,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. lifted its position in shares of e.l.f. Beauty by 21.1% during the 4th quarter. American Century Companies Inc. now owns 576,276 shares of the company’s stock valued at $72,352,000 after acquiring an additional 100,515 shares during the period. Douglass Winthrop Advisors LLC acquired a new position in e.l.f. Beauty during the fourth quarter worth $252,000. Teacher Retirement System of Texas acquired a new position in e.l.f. Beauty during the fourth quarter worth $302,000. Platinum Investment Management Ltd. purchased a new stake in e.l.f. Beauty during the fourth quarter worth $4,683,000. Finally, Brooklyn FI LLC purchased a new position in shares of e.l.f. Beauty in the fourth quarter valued at $6,655,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

ELF opened at $64.58 on Thursday. e.l.f. Beauty, Inc. has a 1 year low of $60.35 and a 1 year high of $219.77. The company’s 50 day simple moving average is $81.75 and its 200 day simple moving average is $106.48. The stock has a market capitalization of $3.64 billion, a PE ratio of 38.21, a P/E/G ratio of 6.76 and a beta of 1.60. 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 (NYSE:ELF) last announced its quarterly earnings data 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 net margin of 7.55% and a return on equity of 16.88%. As a group, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Insiders Place Their Bets

In other 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 transaction of $269,560.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Piper Sandler decreased their price objective on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. JPMorgan Chase & Co. increased their price target on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Stifel Nicolaus dropped their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. Raymond James reduced 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 note on Friday, February 7th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $70.00 price target (down previously 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.65.

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.