Allspring Global Investments Holdings LLC Lowers Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Allspring Global Investments Holdings LLC lessened its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 36.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 466,221 shares of the company’s stock after selling 264,156 shares during the period. Allspring Global Investments Holdings LLC owned 0.83% of e.l.f. Beauty worth $57,434,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Robbins Farley raised its position in shares of e.l.f. Beauty by 27.1% in the fourth quarter. Robbins Farley now owns 34,396 shares of the company’s stock worth $4,318,000 after buying an additional 7,335 shares in the last quarter. Pacer Advisors Inc. increased 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 acquiring an additional 3,572 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in e.l.f. Beauty by 1,380.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock valued at $1,775,000 after acquiring an additional 15,184 shares during the last quarter. Ibex Wealth Advisors bought a new position in e.l.f. Beauty in the fourth quarter valued at $5,519,000. Finally, Capricorn Fund Managers Ltd bought a new position in e.l.f. Beauty in the fourth quarter valued at $7,118,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Down 0.3 %

NYSE ELF opened at $74.83 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The stock has a market capitalization of $4.22 billion, a PE ratio of 44.28, a PEG ratio of 1.54 and a beta of 1.47. e.l.f. Beauty, Inc. has a 1 year low of $63.50 and a 1 year high of $221.83. The business’s 50-day moving average is $119.12 and its 200 day moving average is $125.47.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 17.35% and a net margin of 7.55%. Sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Insiders Place Their Bets

In other e.l.f. Beauty news, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Maureen C. Watson sold 785 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the sale, the director now owns 1,888 shares of the company’s stock, valued at $245,440. This trade represents a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock worth $297,442 over the last three months. Company insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. The Goldman Sachs Group reduced their target price on e.l.f. Beauty from $165.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Canaccord Genuity Group reduced their target price on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Stifel Nicolaus reduced their target price on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. B. Riley reissued a “buy” rating and issued a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. increased their target price on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus price target of $134.00.

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.