Charles Schwab Investment Management Inc. Sells 328 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Charles Schwab Investment Management Inc. lessened its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 0.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 513,767 shares of the company’s stock after selling 328 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.91% of e.l.f. Beauty worth $64,503,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Baillie Gifford & Co. raised its holdings in shares of e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after purchasing an additional 2,703,742 shares during the period. State Street Corp raised its holdings in shares of e.l.f. Beauty by 3.7% in the 3rd quarter. State Street Corp now owns 1,665,203 shares of the company’s stock worth $181,557,000 after purchasing an additional 59,248 shares during the period. FMR LLC raised its holdings in shares of e.l.f. Beauty by 5.5% in the 3rd quarter. FMR LLC now owns 1,186,766 shares of the company’s stock worth $129,393,000 after purchasing an additional 61,524 shares during the period. Champlain Investment Partners LLC bought a new stake in shares of e.l.f. Beauty in the 3rd quarter worth approximately $121,558,000. Finally, Geode Capital Management LLC raised its holdings in shares of e.l.f. Beauty by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 955,064 shares of the company’s stock worth $104,158,000 after purchasing an additional 24,778 shares during the period. Institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Canaccord Genuity Group reduced their price objective on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Truist Financial lifted their price objective on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Raymond James reduced their price objective on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research note on Friday, February 7th. Morgan Stanley reiterated an “equal weight” rating and issued a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, DA Davidson reiterated a “neutral” rating and issued a $80.00 price objective on shares of e.l.f. Beauty in a research note on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.94.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock opened at $67.99 on Thursday. The company has a market capitalization of $3.83 billion, a PE ratio of 40.23, a P/E/G ratio of 6.76 and a beta of 1.60. The firm has a fifty day simple moving average of $94.36 and a two-hundred day simple moving average of $112.09. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a twelve month low of $61.90 and a twelve month high of $219.77.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. Research analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Insider Activity

In other news, Director Maureen C. Watson sold 4,000 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $127,232.32. This represents a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.