Allspring Global Investments Holdings LLC Lowers Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Allspring Global Investments Holdings LLC cut its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 36.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 466,221 shares of the company's stock after selling 264,156 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.83% of e.l.f. Beauty worth $57,434,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of e.l.f. Beauty during the 3rd quarter worth $25,000. Planning Capital Management Corp raised its holdings in shares of e.l.f. Beauty by 1,855.0% in the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company's stock valued at $43,000 after purchasing an additional 371 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of e.l.f. Beauty in the 3rd quarter worth approximately $44,000. Peterson Financial Group Inc. bought a new position in shares of e.l.f. Beauty during the third quarter valued at approximately $45,000. Finally, Financial Life Planners purchased a new position in e.l.f. Beauty during the fourth quarter valued at approximately $46,000. Institutional investors own 92.44% of the company's stock.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the business's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the transaction, the director now directly owns 1,888 shares of the company's stock, valued at approximately $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tarang Amin sold 890 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the sale, the chief executive officer now directly owns 99,699 shares in the company, valued at $13,718,582.40. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock worth $297,442 over the last 90 days. 3.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Piper Sandler lowered their target price on e.l.f. Beauty from $167.00 to $131.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. UBS Group restated a "neutral" rating and set a $74.00 price objective (down from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. B. Riley reaffirmed a "buy" rating and set a $90.00 price objective (down previously from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Stifel Nicolaus reduced their target price on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating for the company in a report on Monday, February 3rd. Finally, The Goldman Sachs Group lowered their price target on shares of e.l.f. Beauty from $165.00 to $142.00 and set a "buy" rating on the stock 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.00.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded down $1.98 during trading hours on Monday, hitting $72.97. 3,049,882 shares of the stock traded hands, compared to its average volume of 2,417,069. e.l.f. Beauty, Inc. has a 1 year low of $63.50 and a 1 year high of $221.83. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 43.18, a P/E/G ratio of 1.54 and a beta of 1.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The firm's 50 day moving average price is $116.66 and its 200-day moving average price is $123.76.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 17.35%. As a group, equities analysts expect that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

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.