Alliancebernstein L.P. Sells 76,047 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Alliancebernstein L.P. cut its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 52.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,818 shares of the company's stock after selling 76,047 shares during the period. Alliancebernstein L.P. owned approximately 0.12% of e.l.f. Beauty worth $8,515,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in 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 valued at $41,250,000 after buying an additional 197,028 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of e.l.f. Beauty by 441.0% in the 4th quarter. Global Retirement Partners LLC now owns 8,283 shares of the company's stock worth $1,040,000 after purchasing an additional 6,752 shares during the last quarter. Robbins Farley raised its holdings in shares of e.l.f. Beauty by 27.1% in the 4th quarter. Robbins Farley now owns 34,396 shares of the company's stock worth $4,318,000 after purchasing an additional 7,335 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in e.l.f. Beauty by 43.4% during the fourth quarter. Pacer Advisors Inc. now owns 11,802 shares of the company's stock worth $1,482,000 after buying an additional 3,572 shares in the last quarter. Finally, Ibex Wealth Advisors acquired a new position in e.l.f. Beauty in the fourth quarter worth approximately $5,519,000. 92.44% of the stock is owned by institutional investors.

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e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded down $1.12 during trading hours on Tuesday, reaching $52.34. 926,747 shares of the company were exchanged, compared to its average volume of 2,332,631. e.l.f. Beauty, Inc. has a 12 month low of $49.90 and a 12 month high of $219.77. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 6.76 and a beta of 1.41. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average of $66.08 and a 200 day moving average of $100.67.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates 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%. As a group, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Insiders Place Their Bets

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the sale, the director now directly owns 1,888 shares of the company's stock, valued at $127,232.32. This represents a 67.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.50% of the company's stock.

Analysts Set New Price Targets

ELF has been the subject of several research reports. Piper Sandler reduced their price objective on e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Truist Financial increased their price target on e.l.f. Beauty from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. reduced their price objective on shares of e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating for the company in a research note on Friday. Raymond James cut their price target on shares of e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating on the stock in a report on Friday, February 7th. Finally, The Goldman Sachs Group lowered their price objective on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $124.76.

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.