MassMutual Private Wealth & Trust FSB Has $4.07 Million Position in e.l.f. Beauty, Inc. (NYSE:ELF)

MassMutual Private Wealth & Trust FSB increased its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 29,078.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,388 shares of the company’s stock after purchasing an additional 32,277 shares during the quarter. MassMutual Private Wealth & Trust FSB owned approximately 0.06% of e.l.f. Beauty worth $4,066,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ELF. Baillie Gifford & Co. increased its holdings in shares of e.l.f. Beauty by 39.5% during the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock worth $578,480,000 after buying an additional 1,501,151 shares in the last quarter. Champlain Investment Partners LLC bought a new stake in e.l.f. Beauty during the 3rd quarter worth $121,558,000. Swedbank AB acquired a new position in e.l.f. Beauty in the 3rd quarter worth about $76,321,000. Clearbridge Investments LLC raised its position in e.l.f. Beauty by 84.4% in the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after purchasing an additional 576,383 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of e.l.f. Beauty by 223.2% during the third quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock valued at $60,543,000 after purchasing an additional 383,478 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ELF shares. Stifel Nicolaus dropped their price objective on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Morgan Stanley upgraded shares of e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $139.00 to $153.00 in a report on Monday, January 13th. Robert W. Baird decreased their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft assumed coverage on e.l.f. Beauty in a report on Thursday, December 12th. They set a “hold” rating and a $133.00 target price on the stock. Finally, UBS Group increased their price target on e.l.f. Beauty from $156.00 to $158.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $169.06.

Insiders Place Their Bets

In related news, insider Scott Milsten sold 530 shares of the company’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 $72,928.00. Following the sale, the insider now owns 68,853 shares in the company, valued at $9,474,172.80. This represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty 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 transaction, the chief executive officer now owns 99,699 shares of the company’s stock, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,205 shares of company stock worth $297,442. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock opened at $127.17 on Tuesday. The business has a 50-day simple moving average of $129.27 and a 200 day simple moving average of $136.48. e.l.f. Beauty, Inc. has a one year low of $98.50 and a one year high of $221.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 68.74, a PEG ratio of 2.17 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating 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 firm had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 39.7% on a year-over-year basis. On average, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal 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.