e.l.f. Beauty, Inc. (NYSE:ELF) Stock Holdings Cut by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 10.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 171,809 shares of the company’s stock after selling 20,940 shares during the quarter. Thrivent Financial for Lutherans owned about 0.31% of e.l.f. Beauty worth $36,204,000 as of its most recent SEC filing.

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

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $112.91 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. e.l.f. Beauty, Inc. has a 1 year low of $88.47 and a 1 year high of $221.83. The business has a fifty day simple moving average of $153.71 and a 200 day simple moving average of $174.16. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 50.86, a P/E/G ratio of 2.37 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.67 by $0.20. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. The firm had revenue of $324.48 million for the quarter, compared to the consensus estimate of $303.60 million. As a group, sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ELF. Truist Financial raised their price objective on e.l.f. Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Canaccord Genuity Group raised their price objective on e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Raymond James restated a “strong-buy” rating and issued a $235.00 target price on shares of e.l.f. Beauty in a report on Monday, July 22nd. Stifel Nicolaus increased their target price on e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Finally, TD Cowen reduced their target price on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, September 12th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $198.80.

Insiders Place Their Bets

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through this link. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tarang Amin sold 15,386 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.85, for a total value of $3,090,278.10. Following the completion of the sale, the chief executive officer now directly owns 171,329 shares of the company’s stock, valued at approximately $34,411,429.65. The disclosure for this sale can be found here. Insiders sold 19,304 shares of company stock valued at $3,864,492 over the last quarter. Insiders own 5.20% of the company’s stock.

e.l.f. Beauty Company Profile

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.