Wedge Capital Management L L P NC Has $1.85 Million Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Wedge Capital Management L L P NC raised its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 15.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,816 shares of the company’s stock after acquiring an additional 1,720 shares during the quarter. Wedge Capital Management L L P NC’s holdings in e.l.f. Beauty were worth $1,850,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its position in e.l.f. Beauty by 641.2% in the 3rd quarter. FMR LLC now owns 832,404 shares of the company’s stock valued at $91,423,000 after acquiring an additional 720,098 shares during the period. State of Alaska Department of Revenue increased its position in e.l.f. Beauty by 0.3% in the 4th quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock valued at $4,906,000 after acquiring an additional 85 shares during the period. First Dallas Securities Inc. acquired a new stake in shares of e.l.f. Beauty during the third quarter worth $3,569,000. Roman Butler Fullerton & Co. acquired a new stake in shares of e.l.f. Beauty during the fourth quarter worth $1,294,000. Finally, William Blair Investment Management LLC increased its position in shares of e.l.f. Beauty by 58.2% during the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock worth $156,427,000 after buying an additional 523,903 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ELF shares. Robert W. Baird started coverage on shares of e.l.f. Beauty in a research report on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price objective for the company. TD Cowen upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and reduced their price target for the stock from $220.00 to $190.00 in a report on Wednesday, April 17th. Bank of America raised their price target on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Raymond James raised their price target on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. Finally, Piper Sandler raised their price target on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $184.33.

e.l.f. Beauty Stock Up 0.0 %

e.l.f. Beauty stock opened at $177.03 on Thursday. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The firm’s fifty day moving average price is $186.44 and its two-hundred day moving average price is $150.79. e.l.f. Beauty, Inc. has a 1-year low of $83.80 and a 1-year high of $221.83. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of 78.33, a price-to-earnings-growth ratio of 1.66 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. The company had revenue of $270.94 million for the quarter, compared to analyst estimates of $239.66 million. On average, equities research analysts predict that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current fiscal year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 29,388 shares of e.l.f. Beauty stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $166.40, for a total value of $4,890,163.20. Following the sale, the senior vice president now owns 108,748 shares of the company’s stock, valued at $18,095,667.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other e.l.f. Beauty news, CEO Tarang Amin sold 74,451 shares of e.l.f. Beauty stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $166.40, for a total value of $12,388,646.40. Following the sale, the chief executive officer now owns 316,161 shares of the company’s stock, valued at $52,609,190.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Joshua Allen Franks sold 29,388 shares of e.l.f. Beauty stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $166.40, for a total transaction of $4,890,163.20. Following the completion of the sale, the senior vice president now directly owns 108,748 shares in the company, valued at approximately $18,095,667.20. The disclosure for this sale can be found here. Insiders have sold 164,325 shares of company stock valued at $28,081,154 over the last ninety days. Corporate insiders own 5.20% of the company’s stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.