e.l.f. Beauty, Inc. (NYSE:ELF) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. increased its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 43.4% in the 4th quarter, HoldingsChannel reports. The firm owned 11,802 shares of the company’s stock after purchasing an additional 3,572 shares during the period. Pacer Advisors Inc.’s holdings in e.l.f. Beauty were worth $1,482,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ELF. Mackenzie Financial Corp grew its stake in e.l.f. Beauty by 6.7% during the 2nd quarter. Mackenzie Financial Corp now owns 4,184 shares of the company’s stock worth $882,000 after purchasing an additional 263 shares in the last quarter. Truist Financial Corp grew its stake in e.l.f. Beauty by 60.6% during the 2nd quarter. Truist Financial Corp now owns 6,824 shares of the company’s stock worth $1,438,000 after purchasing an additional 2,576 shares in the last quarter. Cetera Investment Advisers grew its stake in e.l.f. Beauty by 33.8% during the 2nd quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock worth $8,285,000 after purchasing an additional 9,939 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of e.l.f. Beauty during the 2nd quarter worth about $1,102,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of e.l.f. Beauty during the 2nd quarter worth about $6,237,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Morgan Stanley raised e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $139.00 to $153.00 in a research report on Monday, January 13th. Bank of America lowered their price objective on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Stifel Nicolaus lowered their price objective on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research report on Thursday, November 7th. The Goldman Sachs Group assumed coverage on e.l.f. Beauty in a research report on Friday, December 13th. They set a “buy” rating and a $165.00 price objective for the company. Finally, UBS Group boosted their target price on e.l.f. Beauty from $156.00 to $158.00 and gave the company a “buy” rating in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $169.06.

e.l.f. Beauty Stock Down 6.5 %

ELF opened at $100.07 on Friday. The business has a 50 day moving average price of $126.69 and a two-hundred day moving average price of $131.04. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The company has a market cap of $5.64 billion, a PE ratio of 54.09, a P/E/G ratio of 1.84 and a beta of 1.50. e.l.f. Beauty, Inc. has a 52 week low of $98.50 and a 52 week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $289.43 million. During the same quarter in the previous year, the firm posted $0.66 EPS. The firm’s quarterly revenue was up 39.7% on a year-over-year basis. As a group, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Insiders Place Their Bets

In related news, Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the sale, the director now owns 1,888 shares in the company, valued at $245,440. This represents a 29.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Tarang Amin sold 890 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the sale, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,205 shares of company stock worth $297,442. Company insiders own 3.50% of the company’s stock.

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.