American Century Companies Inc. Has $72.35 Million Position in e.l.f. Beauty, Inc. (NYSE:ELF)

American Century Companies Inc. increased its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 21.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 576,276 shares of the company’s stock after purchasing an additional 100,515 shares during the quarter. American Century Companies Inc. owned approximately 1.02% of e.l.f. Beauty worth $72,352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Principal Financial Group Inc. grew its holdings in e.l.f. Beauty by 149.8% during the 4th quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock worth $41,250,000 after acquiring an additional 197,028 shares during the period. Global Retirement Partners LLC grew its stake in shares of e.l.f. Beauty by 441.0% during the fourth quarter. Global Retirement Partners LLC now owns 8,283 shares of the company’s stock worth $1,040,000 after purchasing an additional 6,752 shares during the period. Robbins Farley increased its holdings in e.l.f. Beauty by 27.1% in the fourth quarter. Robbins Farley now owns 34,396 shares of the company’s stock valued at $4,318,000 after purchasing an additional 7,335 shares during the last quarter. Pacer Advisors Inc. lifted its stake in e.l.f. Beauty by 43.4% in the fourth quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock valued at $1,482,000 after buying an additional 3,572 shares during the period. Finally, Ibex Wealth Advisors acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth about $5,519,000. 92.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ELF has been the topic of a number of analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Canaccord Genuity Group decreased their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a report on Friday, February 7th. Piper Sandler lowered their price objective on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. B. Riley reiterated a “buy” rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Finally, Raymond James lowered their price target on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.65.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the transaction, the director now owns 1,888 shares of the company’s stock, valued at $127,232.32. The trade was a 67.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $65.29 on Wednesday. e.l.f. Beauty, Inc. has a 12 month low of $60.35 and a 12 month high of $219.77. The company’s fifty day simple moving average is $83.03 and its 200-day simple moving average is $106.78. The firm has a market cap of $3.68 billion, a PE ratio of 38.63, a P/E/G ratio of 6.76 and a beta of 1.60. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. Equities research analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics 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.