Orion Portfolio Solutions LLC Boosts Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Orion Portfolio Solutions LLC boosted its position in shares of e.l.f. Beauty, Inc. (NYSE:ELFFree Report) by 43.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,562 shares of the company’s stock after buying an additional 1,084 shares during the period. Orion Portfolio Solutions LLC’s holdings in e.l.f. Beauty were worth $537,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ELF. Wellington Management Group LLP raised its position in shares of e.l.f. Beauty by 235.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company’s stock valued at $265,196,000 after buying an additional 1,695,585 shares in the last quarter. Invesco Ltd. raised its position in e.l.f. Beauty by 15.3% during the third quarter. Invesco Ltd. now owns 1,497,707 shares of the company’s stock valued at $164,493,000 after purchasing an additional 198,235 shares during the period. William Blair Investment Management LLC lifted its stake in shares of e.l.f. Beauty by 58.2% in the 3rd quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock valued at $156,427,000 after purchasing an additional 523,903 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of e.l.f. Beauty by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 952,863 shares of the company’s stock worth $137,538,000 after purchasing an additional 7,999 shares during the period. Finally, FMR LLC increased its position in shares of e.l.f. Beauty by 641.2% during the 3rd quarter. FMR LLC now owns 832,404 shares of the company’s stock valued at $91,423,000 after purchasing an additional 720,098 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Transactions at e.l.f. Beauty

In related news, SVP Joshua Allen Franks sold 727 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $165.16, for a total transaction of $120,071.32. Following the transaction, the senior vice president now directly owns 83,736 shares of the company’s stock, valued at $13,829,837.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, SVP Joshua Allen Franks sold 727 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the completion of the sale, the senior vice president now directly owns 83,736 shares in the company, valued at approximately $13,829,837.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mandy J. Fields sold 1,250 shares of e.l.f. Beauty stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $174.90, for a total value of $218,625.00. Following the completion of the transaction, the insider now owns 77,146 shares in the company, valued at approximately $13,492,835.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,081 shares of company stock valued at $29,629,431. Company insiders own 5.20% of the company’s stock.

e.l.f. Beauty Price Performance

ELF opened at $183.59 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $10.27 billion, a price-to-earnings ratio of 82.70, a PEG ratio of 4.82 and a beta of 1.54. The business’s fifty day simple moving average is $171.44 and its 200-day simple moving average is $165.41. e.l.f. Beauty, Inc. has a 12-month low of $88.47 and a 12-month high of $221.83.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ELF. Stifel Nicolaus lowered their price target on e.l.f. Beauty from $167.00 to $151.00 and set a “hold” rating for the company in a research report on Monday, May 20th. Bank of America lowered their target price on shares of e.l.f. Beauty from $230.00 to $220.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Canaccord Genuity Group reiterated a “buy” rating and set a $214.00 price target on shares of e.l.f. Beauty in a report on Tuesday, May 21st. Piper Sandler decreased their price objective on shares of e.l.f. Beauty from $216.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, May 23rd. Finally, TD Cowen boosted their target price on e.l.f. Beauty from $190.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $188.00.

Check Out Our Latest Research Report on ELF

About e.l.f. Beauty

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding ELF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for e.l.f. Beauty, Inc. (NYSE:ELFFree Report).

Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

Receive News & Ratings for e.l.f. Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for e.l.f. Beauty and related companies with MarketBeat.com's FREE daily email newsletter.