Bridgewater Associates LP Sells 25,582 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Bridgewater Associates LP lowered its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 72.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,854 shares of the company's stock after selling 25,582 shares during the quarter. Bridgewater Associates LP's holdings in e.l.f. Beauty were worth $1,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. grew its position in shares of e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock valued at $1,005,584,000 after buying an additional 2,703,742 shares during the last quarter. William Blair Investment Management LLC raised its holdings in e.l.f. Beauty by 40.9% during the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock worth $289,437,000 after purchasing an additional 669,321 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of e.l.f. Beauty in the 4th quarter worth approximately $68,775,000. Clearbridge Investments LLC boosted its stake in shares of e.l.f. Beauty by 17.5% in the 4th quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company's stock valued at $222,541,000 after purchasing an additional 264,296 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of 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 worth $41,250,000 after buying an additional 197,028 shares during the period. Institutional investors own 92.44% of the company's stock.

Wall Street Analysts Forecast Growth

ELF has been the topic of a number of research analyst reports. Stifel Nicolaus cut their price target on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Monday, February 3rd. Piper Sandler dropped their price target on e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. UBS Group reduced their price objective on shares of e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Canaccord Genuity Group reduced their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating for the company in a report on Friday, February 7th. Finally, DA Davidson dropped their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $121.82.

e.l.f. Beauty Stock Performance

Shares of NYSE:ELF traded up $1.47 during midday trading on Wednesday, reaching $56.80. 2,744,843 shares of the company traded hands, compared to its average volume of 2,351,076. The firm's fifty day moving average price is $63.20 and its two-hundred day moving average price is $98.47. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 12 month low of $49.40 and a 12 month high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) 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%. On average, equities analysts expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Insider Activity

In other news, insider Kory Marchisotto sold 51,350 shares of e.l.f. Beauty stock in a transaction on Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $2,740,036.00. Following the completion of the sale, the insider now directly owns 152,492 shares of the company's stock, valued at approximately $8,136,973.12. The trade was a 25.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tarang Amin sold 97,915 shares of the stock in a transaction on Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $5,224,744.40. Following the completion of the transaction, the chief executive officer now directly owns 181,289 shares in the company, valued at approximately $9,673,581.04. This represents a 35.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 204,618 shares of company stock worth $10,974,536 in the last three months. Corporate insiders own 3.50% of the company's stock.

e.l.f. Beauty 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.