Los Angeles Capital Management LLC Has $4.85 Million Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Los Angeles Capital Management LLC cut its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 4.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,732 shares of the company’s stock after selling 1,062 shares during the quarter. Los Angeles Capital Management LLC’s holdings in e.l.f. Beauty were worth $4,848,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ELF. Wellington Management Group LLP raised its holdings in e.l.f. Beauty by 235.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company’s stock valued at $265,196,000 after acquiring an additional 1,695,585 shares in the last quarter. FMR LLC lifted its position in e.l.f. Beauty by 641.2% during the third quarter. FMR LLC now owns 832,404 shares of the company’s stock worth $91,423,000 after purchasing an additional 720,098 shares during the period. Norges Bank bought a new stake in e.l.f. Beauty during the fourth quarter worth about $95,611,000. Invesco Ltd. grew its stake 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 worth $164,493,000 after buying an additional 198,235 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC increased its holdings in e.l.f. Beauty by 98.3% in the 4th quarter. Zevenbergen Capital Investments LLC now owns 395,137 shares of the company’s stock valued at $57,034,000 after buying an additional 195,854 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 727 shares of the 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 completion of the sale, the senior vice president now owns 83,736 shares of the company’s stock, valued at approximately $13,829,837.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Richard G. Wolford sold 11,072 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $181.13, for a total value of $2,005,471.36. Following the transaction, the director now directly owns 12,741 shares of the company’s stock, valued at approximately $2,307,777.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joshua Allen Franks sold 727 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $165.16, for a total value of $120,071.32. Following the sale, the senior vice president now directly owns 83,736 shares of the company’s stock, valued at approximately $13,829,837.76. The disclosure for this sale can be found here. Insiders have sold a total of 256,167 shares of company stock valued at $44,029,811 over the last ninety days. 5.20% of the stock is owned by company insiders.

e.l.f. Beauty Price Performance

ELF stock opened at $209.47 on Friday. The company has a market capitalization of $11.72 billion, a P/E ratio of 94.36, a PEG ratio of 5.42 and a beta of 1.54. The company has a fifty day moving average price of $176.25 and a 200-day moving average price of $171.05. 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, Inc. has a 52-week low of $88.47 and a 52-week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, May 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.16. The business had revenue of $321.14 million during the quarter, compared to analyst estimates of $292.47 million. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. As a group, equities analysts expect that e.l.f. Beauty, Inc. will post 2.85 EPS for the current year.

Wall Street Analyst Weigh In

ELF has been the topic of several analyst reports. Truist Financial increased their price target on shares of e.l.f. Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. TD Cowen lifted their price target on 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. Piper Sandler lowered their price target on e.l.f. Beauty from $216.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, May 23rd. JPMorgan Chase & Co. reduced their price objective on e.l.f. Beauty from $197.00 to $182.00 and set an “overweight” rating on the stock in a research note on Thursday, May 23rd. Finally, Bank of America lowered their target price on e.l.f. Beauty from $230.00 to $220.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $198.93.

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.