Harbor Capital Advisors Inc. Grows Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Harbor Capital Advisors Inc. increased its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 419.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,705 shares of the company’s stock after purchasing an additional 58,705 shares during the period. Harbor Capital Advisors Inc. owned 0.13% of e.l.f. Beauty worth $9,128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ELF. Private Advisor Group LLC lifted its position in shares of e.l.f. Beauty by 133.7% in the second quarter. Private Advisor Group LLC now owns 4,976 shares of the company’s stock valued at $1,049,000 after acquiring an additional 2,847 shares in the last quarter. PFG Investments LLC raised its position in shares of e.l.f. Beauty by 11.6% in the second quarter. PFG Investments LLC now owns 2,926 shares of the company’s stock valued at $617,000 after buying an additional 305 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of e.l.f. Beauty in the second quarter worth about $26,000. Wedbush Securities Inc. grew its stake in e.l.f. Beauty by 63.3% during the 2nd quarter. Wedbush Securities Inc. now owns 1,803 shares of the company’s stock valued at $380,000 after acquiring an additional 699 shares in the last quarter. Finally, Choreo LLC purchased a new stake in e.l.f. Beauty during the 2nd quarter valued at about $560,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ELF has been the topic of several recent research reports. Canaccord Genuity Group lowered their target price on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. B. Riley dropped their target price on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Stifel Nicolaus reduced their price target on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a report on Thursday, November 7th. Morgan Stanley dropped their price objective on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a report on Monday, September 30th. Finally, Robert W. Baird reduced their target price on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $171.94.

Insiders Place Their Bets

In related news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at $245,440. This trade represents a 29.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were 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 directly owns 99,699 shares of the company’s stock, valued at $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock worth $297,442 in the last quarter. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Stock Up 0.5 %

Shares of ELF stock traded up $0.60 during trading on Friday, reaching $128.20. The company’s stock had a trading volume of 440,749 shares, compared to its average volume of 1,042,879. e.l.f. Beauty, Inc. has a 1-year low of $98.50 and a 1-year high of $221.83. The stock’s 50-day moving average price is $126.77 and its 200 day moving average price is $140.67. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 69.30, a P/E/G ratio of 3.08 and a beta of 1.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01.

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