Massachusetts Financial Services Co. MA Cuts Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Massachusetts Financial Services Co. MA lessened its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 15.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 201,349 shares of the company’s stock after selling 36,067 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.36% of e.l.f. Beauty worth $42,428,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ELF. Ashton Thomas Private Wealth LLC bought a new position in shares of e.l.f. Beauty during the 2nd quarter valued at about $26,000. Matrix Trust Co bought a new position in e.l.f. Beauty during the second quarter valued at approximately $27,000. Innealta Capital LLC purchased a new position in e.l.f. Beauty during the 2nd quarter valued at approximately $30,000. Harbor Investment Advisory LLC bought a new stake in e.l.f. Beauty in the 1st quarter worth approximately $31,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings 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. Institutional investors own 92.44% of the company’s stock.

Insider Buying and Selling at e.l.f. Beauty

In other news, CEO Tarang Amin sold 15,386 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the transaction, the chief executive officer now owns 171,329 shares in the company, valued at $34,411,429.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Tarang Amin sold 15,386 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the transaction, the chief executive officer now directly owns 171,329 shares of the company’s stock, valued at $34,411,429.65. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the transaction, the senior vice president now directly owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. Insiders sold a total of 19,304 shares of company stock valued at $3,864,492 in the last ninety days. Corporate insiders own 5.20% of the company’s stock.

e.l.f. Beauty Trading Down 0.0 %

NYSE ELF opened at $114.62 on Friday. The stock has a market cap of $6.41 billion, a PE ratio of 51.63, a PEG ratio of 2.37 and a beta of 1.45. e.l.f. Beauty, Inc. has a 12 month low of $88.47 and a 12 month high of $221.83. The company’s 50-day moving average price is $155.66 and its 200-day moving average price is $175.25. 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 (NYSE:ELF) last issued its earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $324.48 million for the quarter, compared to the consensus estimate of $303.60 million. Equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on ELF. UBS Group cut their target price on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 9th. DA Davidson reissued a “buy” rating and issued a $223.00 price objective on shares of e.l.f. Beauty in a research note on Wednesday. Truist Financial upped their target price on shares of e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Baird R W upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 18th. Finally, TD Cowen reduced their price objective on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $198.80.

e.l.f. Beauty 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.