e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. reduced its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 13.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,306 shares of the company’s stock after selling 2,339 shares during the period. Ameritas Investment Partners Inc.’s holdings in e.l.f. Beauty were worth $3,225,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Precision Wealth Strategies LLC acquired a new stake in e.l.f. Beauty during the fourth quarter worth about $254,000. Norges Bank bought a new stake in shares of e.l.f. Beauty in the 4th quarter worth approximately $95,611,000. UBS Group AG boosted its position in e.l.f. Beauty by 28.0% during the 4th quarter. UBS Group AG now owns 238,751 shares of the company’s stock valued at $34,461,000 after purchasing an additional 52,161 shares during the period. Wells Fargo & Company MN grew its stake in e.l.f. Beauty by 56.9% during the 4th quarter. Wells Fargo & Company MN now owns 71,070 shares of the company’s stock worth $10,258,000 after buying an additional 25,774 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in e.l.f. Beauty by 17.9% in the fourth quarter. Franklin Resources Inc. now owns 23,780 shares of the company’s stock worth $3,432,000 after buying an additional 3,604 shares during the period. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Trading Down 1.5 %

Shares of ELF stock opened at $112.91 on Friday. The stock has a 50-day simple moving average of $153.71 and a 200 day simple moving average of $174.39. The stock has a market capitalization of $6.32 billion, a P/E ratio of 50.86, a P/E/G ratio of 2.37 and a beta of 1.44. e.l.f. Beauty, Inc. has a fifty-two week low of $88.47 and a fifty-two week high of $221.83. 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 posted its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.20. The company had revenue of $324.48 million during the quarter, compared to analyst estimates 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, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other 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 completion of the sale, the chief executive officer now owns 214,507 shares in the company, valued at approximately $37,538,725. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Joshua Allen Franks sold 3,370 shares of e.l.f. Beauty 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 transaction, the senior vice president now directly owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Tarang Amin sold 548 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00. Following the sale, the chief executive officer now owns 214,507 shares in the company, valued at approximately $37,538,725. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,304 shares of company stock worth $3,864,492. 5.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ELF shares. Bank of America reduced their price target on shares of e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating for the company in a report on Monday, September 9th. Robert W. Baird upped their target price on shares of e.l.f. Beauty from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. DA Davidson restated a “buy” rating and issued a $223.00 price target on shares of e.l.f. Beauty in a research note on Wednesday. Canaccord Genuity Group boosted their price objective on e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Finally, Raymond James restated a “strong-buy” rating and issued a $235.00 target price on shares of e.l.f. Beauty in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.80.

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.