Inceptionr LLC Makes New Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

Inceptionr LLC bought a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 4,188 shares of the company’s stock, valued at approximately $526,000.

Several other large investors also recently made changes to their positions in ELF. Baillie Gifford & Co. grew its stake in shares of e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock valued at $1,005,584,000 after buying an additional 2,703,742 shares during the period. Champlain Investment Partners LLC acquired a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at about $121,558,000. Swedbank AB acquired a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at about $76,321,000. Raymond James Financial Inc. bought a new position in e.l.f. Beauty in the 4th quarter valued at about $68,775,000. Finally, Thrivent Financial for Lutherans lifted its position in e.l.f. Beauty by 223.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock valued at $60,543,000 after acquiring an additional 383,478 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Trading Up 9.8 %

NYSE:ELF opened at $70.75 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $3.99 billion, a PE ratio of 41.87, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60. The firm’s 50 day moving average is $97.69 and its 200 day moving average is $114.18. e.l.f. Beauty, Inc. has a 12 month low of $61.90 and a 12 month high of $219.77.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates 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%. Sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ELF shares. Piper Sandler dropped their price target on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Truist Financial raised their price target on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. DA Davidson reaffirmed a “neutral” rating and issued a $80.00 price target on shares of e.l.f. Beauty in a research report on Tuesday, February 18th. Canaccord Genuity Group dropped their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Finally, B. Riley reaffirmed a “buy” rating and issued a $90.00 price target (down previously from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.94.

About e.l.f. Beauty

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.