Dimensional Fund Advisors LP Has $132.97 Million Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Dimensional Fund Advisors LP trimmed its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 18.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 630,913 shares of the company’s stock after selling 140,896 shares during the period. Dimensional Fund Advisors LP owned about 1.13% of e.l.f. Beauty worth $132,966,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Baillie Gifford & Co. acquired a new stake in shares of e.l.f. Beauty in the second quarter valued at about $801,693,000. Clearbridge Investments LLC bought a new stake in e.l.f. Beauty in the first quarter valued at approximately $133,940,000. Norges Bank acquired a new stake in e.l.f. Beauty during the 4th quarter valued at approximately $95,611,000. 1832 Asset Management L.P. acquired a new position in shares of e.l.f. Beauty in the 1st quarter worth approximately $61,299,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of e.l.f. Beauty by 81.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 468,670 shares of the company’s stock worth $98,758,000 after purchasing an additional 210,873 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Canaccord Genuity Group boosted their target price on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Robert W. Baird boosted their price objective on e.l.f. Beauty from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. UBS Group cut their target price on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. DA Davidson reiterated a “buy” rating and issued a $223.00 target price on shares of e.l.f. Beauty in a report on Wednesday. Finally, Bank of America cut their price target on e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and an average price target of $198.80.

e.l.f. Beauty Trading Down 1.5 %

NYSE:ELF opened at $112.91 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. e.l.f. Beauty, Inc. has a one year low of $88.47 and a one year high of $221.83. The company has a market cap of $6.32 billion, a PE ratio of 50.86, a PEG ratio of 2.37 and a beta of 1.44. The firm has a 50-day moving average of $153.71 and a 200-day moving average of $174.39.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.67 by $0.20. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. The firm had revenue of $324.48 million during the quarter, compared to the consensus estimate of $303.60 million. As a group, equities research analysts expect that e.l.f. Beauty, Inc. will post 2.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the sale, the senior vice president now owns 71,986 shares in the company, valued at $14,489,342.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Joshua Allen Franks sold 3,370 shares of the company’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 value 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 $14,489,342.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Tarang Amin sold 548 shares of e.l.f. Beauty stock in a transaction on Monday, August 5th. The stock was sold at an average price of $175.00, for a total value of $95,900.00. Following the sale, the chief executive officer now owns 214,507 shares in the company, valued at $37,538,725. The disclosure for this sale can be found here. Insiders have sold 19,304 shares of company stock valued at $3,864,492 in the last three months. 5.20% of the stock is currently owned by insiders.

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.