Primecap Management Co. CA lessened its holdings in shares of e.l.f. Beauty (NYSE:ELF – Free Report) by 1.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 442,950 shares of the company’s stock after selling 7,050 shares during the quarter. Primecap Management Co. CA owned about 0.75% of e.l.f. Beauty worth $58,682,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Intech Investment Management LLC bought a new stake in shares of e.l.f. Beauty during the third quarter valued at about $523,000. Verus Capital Partners LLC acquired a new position in e.l.f. Beauty during the 3rd quarter valued at about $313,000. OneDigital Investment Advisors LLC bought a new stake in shares of e.l.f. Beauty during the 3rd quarter worth about $267,000. Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in shares of e.l.f. Beauty in the 3rd quarter worth approximately $265,000. Finally, NewEdge Wealth LLC bought a new position in shares of e.l.f. Beauty in the third quarter valued at approximately $516,000. 92.44% of the stock is owned by institutional investors and hedge funds.
e.l.f. Beauty Stock Up 1.5%
Shares of e.l.f. Beauty stock opened at $94.49 on Friday. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $150.99. The firm has a market capitalization of $5.58 billion, a PE ratio of 53.38, a price-to-earnings-growth ratio of 7.82 and a beta of 1.71. The company has a quick ratio of 1.89, a current ratio of 2.76 and a debt-to-equity ratio of 0.70. The stock’s fifty day moving average is $84.28 and its 200-day moving average is $102.32.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on ELF. The Goldman Sachs Group decreased their price target on e.l.f. Beauty from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $92.00 price objective on shares of e.l.f. Beauty in a report on Thursday, January 29th. Piper Sandler decreased their target price on e.l.f. Beauty from $100.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, December 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of e.l.f. Beauty in a research report on Wednesday, January 21st. Finally, Robert W. Baird set a $115.00 price target on shares of e.l.f. Beauty in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.13.
e.l.f. Beauty Profile
e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.
Founded in 2004 and headquartered in Oakland, California, e.l.f.
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