e.l.f. Beauty, Inc. (NYSE:ELF) Stock Holdings Decreased by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC lowered its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 7.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 314,006 shares of the company’s stock after selling 26,875 shares during the period. Lord Abbett & CO. LLC owned 0.57% of e.l.f. Beauty worth $61,554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ELF. Harbor Investment Advisory LLC bought a new stake in shares of e.l.f. Beauty during the 1st quarter valued at about $31,000. Oakworth Capital Inc. bought a new stake in shares of e.l.f. Beauty during the 1st quarter valued at about $33,000. Armstrong Advisory Group Inc. grew its position in shares of e.l.f. Beauty by 390.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock valued at $29,000 after buying an additional 160 shares during the last quarter. Rise Advisors LLC bought a new stake in shares of e.l.f. Beauty during the 1st quarter valued at about $40,000. Finally, GPS Wealth Strategies Group LLC grew its position in shares of e.l.f. Beauty by 66.4% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock valued at $35,000 after buying an additional 97 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Insider Buying and Selling

In related news, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the sale, the senior vice president now directly owns 71,986 shares in the company, valued at approximately $14,489,342.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the sale, the senior vice president now owns 71,986 shares in the company, valued at $14,489,342.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 15,386 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the sale, the chief executive officer now owns 171,329 shares in the company, valued at approximately $34,411,429.65. The disclosure for this sale can be found here. Insiders have sold 134,117 shares of company stock worth $24,394,943 in the last ninety days. 5.20% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF traded up $6.58 during trading on Friday, reaching $177.52. The company had a trading volume of 1,596,860 shares, compared to its average volume of 1,585,172. The firm’s fifty day moving average is $190.09 and its 200 day moving average is $179.68. The firm has a market capitalization of $9.93 billion, a PE ratio of 77.00, a price-to-earnings-growth ratio of 3.75 and a beta of 1.46. e.l.f. Beauty, Inc. has a twelve month low of $88.47 and a twelve month high of $221.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 1.60.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, May 22nd. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.16. e.l.f. Beauty had a net margin of 12.47% and a return on equity of 26.64%. The business had revenue of $321.14 million for the quarter, compared to the consensus estimate of $292.47 million. On average, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.83 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on ELF. JPMorgan Chase & Co. lowered their price objective on shares of e.l.f. Beauty from $197.00 to $182.00 and set an “overweight” rating for the company in a research report on Thursday, May 23rd. DA Davidson reissued a “buy” rating and set a $220.00 target price on shares of e.l.f. Beauty in a research note on Monday, June 3rd. Raymond James reissued a “strong-buy” rating and set a $235.00 target price (up from $215.00) on shares of e.l.f. Beauty in a research note on Friday, June 14th. TD Cowen boosted their target price on shares of e.l.f. Beauty from $190.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, Canaccord Genuity Group boosted their target price on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $206.29.

About e.l.f. Beauty

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.