Schroder Investment Management Group lifted its stake in e.l.f. Beauty (NYSE:ELF – Free Report) by 4,579.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 207,209 shares of the company’s stock after buying an additional 202,781 shares during the quarter. Schroder Investment Management Group owned about 0.35% of e.l.f. Beauty worth $27,451,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Diversify Advisory Services LLC raised its stake in e.l.f. Beauty by 3.7% during the 3rd quarter. Diversify Advisory Services LLC now owns 6,538 shares of the company’s stock worth $791,000 after acquiring an additional 231 shares during the period. Natixis Advisors LLC raised its holdings in e.l.f. Beauty by 65.4% during the third quarter. Natixis Advisors LLC now owns 26,381 shares of the company’s stock valued at $3,495,000 after acquiring an additional 10,434 shares during the period. First Trust Advisors LP purchased a new position in shares of e.l.f. Beauty in the third quarter valued at about $4,502,000. Orion Porfolio Solutions LLC grew its position in shares of e.l.f. Beauty by 10.0% during the third quarter. Orion Porfolio Solutions LLC now owns 3,190 shares of the company’s stock worth $423,000 after purchasing an additional 290 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in e.l.f. Beauty by 14.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 526,226 shares of the company’s stock valued at $69,709,000 after purchasing an additional 66,572 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.
e.l.f. Beauty Stock Performance
Shares of NYSE:ELF opened at $72.35 on Friday. The firm has a fifty day simple moving average of $84.75 and a two-hundred day simple moving average of $99.70. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $150.99. 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 has a market capitalization of $4.27 billion, a P/E ratio of 40.87, a PEG ratio of 6.71 and a beta of 1.68.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on ELF shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $92.00 price objective on shares of e.l.f. Beauty in a report on Thursday, January 29th. Citigroup raised their price objective on e.l.f. Beauty from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Piper Sandler reduced their target price on e.l.f. Beauty from $100.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 22nd. Zacks Research upgraded e.l.f. Beauty from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Finally, UBS Group increased their price target on e.l.f. Beauty from $98.00 to $102.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $119.13.
Check Out Our Latest Report on ELF
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.
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