Principal Financial Group Inc. Raises Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Principal Financial Group Inc. lifted its holdings in e.l.f. Beauty, Inc. (NYSE:ELF – Get Rating) by 26.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 392,012 shares of the company’s stock after buying an additional 83,144 shares during the quarter. Principal Financial Group Inc.’s holdings in e.l.f. Beauty were worth $21,678,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Summit Global Investments raised its holdings in shares of e.l.f. Beauty by 1.2% in the third quarter. Summit Global Investments now owns 21,959 shares of the company’s stock worth $826,000 after buying an additional 259 shares during the period. Verdence Capital Advisors LLC raised its holdings in shares of e.l.f. Beauty by 3.1% in the third quarter. Verdence Capital Advisors LLC now owns 9,294 shares of the company’s stock worth $350,000 after buying an additional 278 shares during the period. Maryland State Retirement & Pension System increased its holdings in e.l.f. Beauty by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 20,702 shares of the company’s stock worth $1,145,000 after purchasing an additional 336 shares during the period. Advisor Group Holdings Inc. increased its holdings in e.l.f. Beauty by 7.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock worth $174,000 after purchasing an additional 476 shares during the period. Finally, State of Alaska Department of Revenue increased its holdings in e.l.f. Beauty by 1.6% during the 4th quarter. State of Alaska Department of Revenue now owns 35,019 shares of the company’s stock worth $1,936,000 after purchasing an additional 539 shares during the period. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Down 0.9 %

e.l.f. Beauty stock opened at $89.81 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.00 and a quick ratio of 2.08. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 105.66, a PEG ratio of 2.23 and a beta of 1.50. e.l.f. Beauty, Inc. has a 1-year low of $20.49 and a 1-year high of $97.03. The business has a fifty day moving average price of $85.28 and a 200-day moving average price of $68.42.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 69,703 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $72.47, for a total value of $5,051,376.41. Following the completion of the sale, the chief executive officer now owns 286,964 shares of the company’s stock, valued at approximately $20,796,281.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Tarang Amin sold 69,703 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $72.47, for a total value of $5,051,376.41. Following the sale, the chief executive officer now owns 286,964 shares in the company, valued at $20,796,281.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kory Marchisotto sold 28,775 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $69.82, for a total value of $2,009,070.50. Following the completion of the sale, the insider now owns 143,885 shares in the company, valued at approximately $10,046,050.70. The disclosure for this sale can be found here. Insiders sold 252,162 shares of company stock valued at $19,624,844 in the last quarter. 8.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on e.l.f. Beauty from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, February 2nd. Piper Sandler raised their price objective on e.l.f. Beauty from $95.00 to $105.00 in a report on Wednesday, April 26th. Raymond James raised their price objective on e.l.f. Beauty from $80.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, April 20th. DA Davidson raised their price objective on e.l.f. Beauty from $91.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, April 19th. Finally, Morgan Stanley raised their price objective on e.l.f. Beauty from $75.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, March 31st. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and an average price target of $81.50.

e.l.f. Beauty Company Profile

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e.l.f. Beauty, Inc operates as a holding company, which engages in the provision of cosmetic 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. The company was founded in 2004 and is headquartered in Oakland, CA.