LPL Financial LLC Sells 13,236 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

LPL Financial LLC decreased its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 17.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,618 shares of the company’s stock after selling 13,236 shares during the period. LPL Financial LLC owned approximately 0.11% of e.l.f. Beauty worth $8,113,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Baillie Gifford & Co. grew its stake in shares of e.l.f. Beauty by 51.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock valued at $1,005,584,000 after acquiring an additional 2,703,742 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in e.l.f. Beauty by 40.9% in the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock valued at $289,437,000 after purchasing an additional 669,321 shares during the period. Raymond James Financial Inc. acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth approximately $68,775,000. Principal Financial Group Inc. increased its holdings in shares of e.l.f. Beauty by 149.8% during the fourth quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock worth $41,250,000 after purchasing an additional 197,028 shares during the period. Finally, Swedbank AB raised its position in shares of e.l.f. Beauty by 16.0% in the fourth quarter. Swedbank AB now owns 812,000 shares of the company’s stock valued at $101,947,000 after buying an additional 112,000 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Activity at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction on 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 owns 1,888 shares of the company’s stock, valued at $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is currently owned by company insiders.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $54.88 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. e.l.f. Beauty, Inc. has a 52 week low of $49.90 and a 52 week high of $219.77. The firm has a market cap of $3.10 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. The firm’s fifty day moving average is $73.38 and its 200-day moving average is $103.96.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results 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 return on equity of 16.88% and a net margin of 7.55%. Sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. B. Riley reissued a “buy” rating and set a $90.00 price target (down previously from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Truist Financial increased their price target on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. UBS Group reaffirmed a “neutral” rating and issued a $74.00 price objective (down from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. JPMorgan Chase & Co. boosted their target price on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Raymond James dropped their target price on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a report on Friday, February 7th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $130.24.

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.