Prudential PLC Sells 260 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Prudential PLC lowered its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 14.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,530 shares of the company’s stock after selling 260 shares during the period. Prudential PLC’s holdings in e.l.f. Beauty were worth $322,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ELF. Ashton Thomas Private Wealth LLC acquired a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $26,000. Matrix Trust Co bought a new stake in shares of e.l.f. Beauty during the second quarter worth $27,000. Innealta Capital LLC acquired a new stake in shares of e.l.f. Beauty during the second quarter worth $30,000. Harbor Investment Advisory LLC bought a new stake in e.l.f. Beauty in the 1st quarter valued at $31,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in e.l.f. Beauty by 405.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after purchasing an additional 138 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Canaccord Genuity Group lifted their price target on 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. Baird R W upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. DA Davidson reaffirmed a “buy” rating and set a $223.00 price target on shares of e.l.f. Beauty in a research report on Wednesday. UBS Group lowered their price objective on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Raymond James restated a “strong-buy” rating and set a $235.00 target price on shares of e.l.f. Beauty in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $205.33.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $175.00, for a total transaction of $95,900.00. Following the transaction, the chief executive officer now owns 214,507 shares in the company, valued at approximately $37,538,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was 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 of the company’s stock, valued at $14,489,342.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tarang Amin sold 548 shares of e.l.f. Beauty stock in a transaction on Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the transaction, the chief executive officer now directly owns 214,507 shares of the company’s stock, valued at $37,538,725. The disclosure for this sale can be found here. Insiders sold a total of 19,304 shares of company stock worth $3,864,492 over the last quarter. Company insiders own 5.20% of the company’s stock.

e.l.f. Beauty Price Performance

NYSE:ELF opened at $116.62 on Friday. e.l.f. Beauty, Inc. has a 12-month low of $88.47 and a 12-month high of $221.83. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 52.53, a P/E/G ratio of 2.37 and a beta of 1.44. The stock’s 50 day moving average price is $162.94 and its two-hundred day moving average price is $177.87. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. The firm had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. On average, analysts anticipate that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current year.

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.