Sumitomo Mitsui Trust Group Inc. Sells 10,016 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Sumitomo Mitsui Trust Group Inc. decreased its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 61.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,268 shares of the company’s stock after selling 10,016 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in e.l.f. Beauty were worth $787,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Robbins Farley lifted its holdings in e.l.f. Beauty by 27.1% in the fourth quarter. Robbins Farley now owns 34,396 shares of the company’s stock valued at $4,318,000 after acquiring an additional 7,335 shares during the period. Pacer Advisors Inc. raised its stake in shares of e.l.f. Beauty by 43.4% in the fourth quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock worth $1,482,000 after buying an additional 3,572 shares during the period. Ibex Wealth Advisors bought a new position in shares of e.l.f. Beauty in the fourth quarter worth about $5,519,000. Capricorn Fund Managers Ltd bought a new position in shares of e.l.f. Beauty in the fourth quarter worth about $7,118,000. Finally, Congress Asset Management Co. raised its stake in shares of e.l.f. Beauty by 14.2% in the third quarter. Congress Asset Management Co. now owns 503,577 shares of the company’s stock worth $54,905,000 after buying an additional 62,480 shares during the period. Institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Canaccord Genuity Group decreased their price objective on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Jefferies Financial Group decreased their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Stifel Nicolaus cut their target price on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They set a “hold” rating and a $133.00 target price for the company. Finally, B. Riley reiterated a “buy” rating and set a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $134.00.

e.l.f. Beauty Trading Down 2.6 %

Shares of NYSE:ELF opened at $72.97 on Friday. e.l.f. Beauty, Inc. has a 12-month low of $63.50 and a 12-month high of $221.83. The business’s fifty day simple moving average is $117.99 and its 200-day simple moving average is $125.12. The company has a market capitalization of $4.12 billion, a PE ratio of 43.18, a P/E/G ratio of 1.54 and a beta of 1.47. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 17.35%. As a group, equities research analysts predict that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at $245,440. The trade was a 29.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the sale, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock worth $297,442 in the last ninety days. 3.50% of the stock is owned by insiders.

e.l.f. Beauty 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.