e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP lessened its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 74.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 35,436 shares of the company's stock after selling 101,687 shares during the period. Bridgewater Associates LP owned approximately 0.06% of e.l.f. Beauty worth $3,864,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in ELF. Cetera Investment Advisers boosted its position in shares of e.l.f. Beauty by 492.9% during the first quarter. Cetera Investment Advisers now owns 29,380 shares of the company's stock valued at $5,759,000 after buying an additional 24,425 shares during the last quarter. Cetera Advisors LLC bought a new stake in e.l.f. Beauty during the first quarter worth $640,000. GAMMA Investing LLC lifted its holdings in e.l.f. Beauty by 27.8% during the second quarter. GAMMA Investing LLC now owns 451 shares of the company's stock worth $95,000 after acquiring an additional 98 shares during the period. Fulton Bank N.A. raised its stake in shares of e.l.f. Beauty by 111.1% in the second quarter. Fulton Bank N.A. now owns 8,083 shares of the company's stock valued at $1,703,000 after buying an additional 4,254 shares during the period. Finally, Kingswood Wealth Advisors LLC bought a new stake in shares of e.l.f. Beauty in the second quarter valued at $229,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Insider Activity

In other news, CEO Tarang Amin sold 23,528 shares of the stock in a transaction on Thursday, September 5th. The stock was 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 directly owns 106,016 shares of the company's stock, valued at $14,465,883.20. This represents a 18.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.50% of the company's stock.

Analyst Ratings Changes

ELF has been the topic of several research reports. TD Cowen lowered their target price 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. UBS Group reduced their price target 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. Morgan Stanley reduced their target price on e.l.f. Beauty from $184.00 to $139.00 and set an "equal weight" rating for the company in a research report on Monday, September 30th. Jefferies Financial Group reduced their target price on e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Finally, Truist Financial cut their price objective on e.l.f. Beauty from $210.00 to $130.00 and set a "buy" rating for the company in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $173.53.

e.l.f. Beauty Stock Up 1.9 %

Shares of e.l.f. Beauty stock traded up $2.37 during midday trading on Friday, hitting $129.52. The company had a trading volume of 901,877 shares, compared to its average volume of 3,498,357. The company has a 50 day moving average of $113.65 and a 200 day moving average of $151.47. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. e.l.f. Beauty, Inc. has a 52-week low of $98.50 and a 52-week high of $221.83. The stock has a market capitalization of $7.30 billion, a P/E ratio of 70.01, a P/E/G ratio of 2.84 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $289.43 million. During the same period last year, the business posted $0.66 EPS. The company's revenue was up 39.7% compared to the same quarter last year. On average, equities analysts predict that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

e.l.f. Beauty Company 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.