e.l.f. Beauty, Inc. (NYSE:ELF) Holdings Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 45.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 131,529 shares of the company’s stock after selling 110,909 shares during the period. Principal Financial Group Inc. owned 0.24% of e.l.f. Beauty worth $14,341,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ELF. Canada Pension Plan Investment Board bought a new stake in shares of e.l.f. Beauty in the 2nd quarter worth $6,659,000. Cetera Investment Advisers grew its holdings in e.l.f. Beauty by 33.8% during the second quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock worth $8,285,000 after acquiring an additional 9,939 shares during the period. Clearbridge Investments LLC raised its position in e.l.f. Beauty by 84.4% in the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after acquiring an additional 576,383 shares in the last quarter. Congress Asset Management Co. lifted its holdings in e.l.f. Beauty by 14.2% in the 3rd quarter. Congress Asset Management Co. now owns 503,577 shares of the company’s stock valued at $54,905,000 after acquiring an additional 62,480 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of e.l.f. Beauty by 55.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company’s stock valued at $79,633,000 after purchasing an additional 261,707 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Stock Down 1.4 %

ELF stock opened at $121.33 on Friday. The company has a 50 day moving average of $111.39 and a two-hundred day moving average of $154.16. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 65.55, a PEG ratio of 2.69 and a beta of 1.44. e.l.f. Beauty, Inc. has a 12-month low of $98.50 and a 12-month high of $221.83. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business had revenue of $301.10 million during the quarter, compared to analyst estimates of $289.43 million. During the same period last year, the company earned $0.66 earnings per share. e.l.f. Beauty’s quarterly revenue was up 39.7% compared to the same quarter last year. On average, equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

ELF has been the subject of several recent research reports. Truist Financial cut their target price on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. UBS Group cut their price objective on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Robert W. Baird decreased their target price on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Canaccord Genuity Group reduced their target price on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, B. Riley dropped their price target on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $173.53.

Insider Activity at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the transaction, the chief executive officer now owns 106,016 shares in the company, valued at approximately $14,465,883.20. This trade represents a 18.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is currently owned by company 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.