e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 45.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,529 shares of the company’s stock after selling 110,909 shares during the quarter. Principal Financial Group Inc. owned 0.23% of e.l.f. Beauty worth $14,341,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its stake in shares of e.l.f. Beauty by 39.5% in the 3rd quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after purchasing an additional 1,501,151 shares in the last quarter. State Street Corp grew its stake in e.l.f. Beauty by 3.7% during the third quarter. State Street Corp now owns 1,665,203 shares of the company’s stock worth $181,557,000 after buying an additional 59,248 shares during the period. William Blair Investment Management LLC increased its position in shares of e.l.f. Beauty by 12.5% in the second quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock worth $318,647,000 after acquiring an additional 168,267 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of e.l.f. Beauty by 84.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after acquiring an additional 576,383 shares during the period. Finally, FMR LLC lifted its holdings in shares of e.l.f. Beauty by 5.5% during the 3rd quarter. FMR LLC now owns 1,186,766 shares of the company’s stock valued at $129,393,000 after acquiring an additional 61,524 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of ELF opened at $127.76 on Friday. e.l.f. Beauty, Inc. has a 52 week low of $98.50 and a 52 week high of $221.83. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 69.06, a PEG ratio of 3.03 and a beta of 1.49. The stock has a 50 day moving average of $123.67 and a 200-day moving average of $145.11.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The firm had revenue of $301.10 million during the quarter, compared to analyst estimates of $289.43 million. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The firm’s revenue for the quarter was up 39.7% compared to the same quarter last year. As a group, analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Truist Financial increased their price target on e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. TD Cowen dropped their target price on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. B. Riley reduced their price target on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Canaccord Genuity Group lowered their price objective on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Piper Sandler reissued an “overweight” rating and set a $165.00 target price (up from $162.00) on shares of e.l.f. Beauty in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $171.82.

Insiders Place Their Bets

In related news, insider Scott Milsten sold 530 shares of e.l.f. Beauty 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 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maureen C. Watson sold 785 shares of the company’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 transaction, the director now owns 1,888 shares of the company’s stock, valued at approximately $245,440. This trade represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock valued at $297,442 over the last quarter. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Company 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.