Northwestern Mutual Wealth Management Co. Purchases 276,164 Shares of e.l.f. Beauty $ELF

Northwestern Mutual Wealth Management Co. raised its position in e.l.f. Beauty (NYSE:ELF) by 138,082.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 276,364 shares of the company’s stock after buying an additional 276,164 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in e.l.f. Beauty were worth $21,015,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Swedbank AB raised its stake in shares of e.l.f. Beauty by 97.0% during the 4th quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after purchasing an additional 672,071 shares during the period. Atreides Management LP bought a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at $61,479,000. Man Group plc bought a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at $52,316,000. Woodline Partners LP bought a new stake in shares of e.l.f. Beauty during the 3rd quarter valued at $52,613,000. Finally, Candlestick Capital Management LP bought a new stake in shares of e.l.f. Beauty during the 3rd quarter valued at $31,962,000. 92.44% of the stock is currently owned by institutional investors.

Insider Transactions at e.l.f. Beauty

In other news, insider Mandy J. Fields sold 23,656 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $63.66, for a total value of $1,505,940.96. Following the completion of the transaction, the insider directly owned 77,437 shares in the company, valued at approximately $4,929,639.42. This represents a 23.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kory Marchisotto sold 23,796 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $63.66, for a total value of $1,514,853.36. Following the completion of the transaction, the insider owned 152,417 shares of the company’s stock, valued at $9,702,866.22. The trade was a 13.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 210,013 shares of company stock worth $13,315,490. Company insiders own 3.90% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $52.82 on Wednesday. The firm has a market capitalization of $3.12 billion, a P/E ratio of 29.84, a P/E/G ratio of 3.38 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 50-day simple moving average is $65.17 and its two-hundred day simple moving average is $76.96. e.l.f. Beauty has a twelve month low of $52.40 and a twelve month high of $150.99.

Analysts Set New Price Targets

ELF has been the topic of a number of research analyst reports. TD Cowen decreased their target price on e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Canaccord Genuity Group decreased their target price on e.l.f. Beauty from $121.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday. Weiss Ratings lowered e.l.f. Beauty from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Piper Sandler decreased their target price on e.l.f. Beauty from $85.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Citigroup decreased their target price on e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $99.06.

e.l.f. Beauty Company 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.