Thrivent Financial for Lutherans Trims Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Thrivent Financial for Lutherans reduced its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 528,485 shares of the company's stock after selling 26,802 shares during the quarter. Thrivent Financial for Lutherans owned 0.94% of e.l.f. Beauty worth $66,351,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its stake in shares of e.l.f. Beauty by 3.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company's stock worth $361,000 after acquiring an additional 91 shares during the last quarter. Truist Financial Corp lifted its position in shares of e.l.f. Beauty by 1.3% during the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company's stock worth $990,000 after purchasing an additional 102 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of e.l.f. Beauty by 0.8% during the fourth quarter. Arizona State Retirement System now owns 16,365 shares of the company's stock valued at $2,055,000 after purchasing an additional 128 shares during the period. Atria Wealth Solutions Inc. grew its holdings in shares of e.l.f. Beauty by 7.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company's stock worth $262,000 after purchasing an additional 150 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its stake in e.l.f. Beauty by 84.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company's stock worth $54,000 after buying an additional 197 shares during the period. Institutional investors own 92.44% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have issued reports on ELF. B. Riley reissued a "buy" rating and issued a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Morgan Stanley reiterated an "equal weight" rating and issued a $70.00 price target (down previously from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Truist Financial raised their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. increased their price target on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Finally, Piper Sandler decreased their price objective 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. 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. According to MarketBeat, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.65.

e.l.f. Beauty Stock Performance

Shares of ELF traded up $2.06 during trading hours on Monday, reaching $64.91. 1,754,360 shares of the company traded hands, compared to its average volume of 2,222,659. The stock has a market capitalization of $3.66 billion, a P/E ratio of 38.41, a P/E/G ratio of 6.76 and a beta of 1.60. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average price of $85.71 and a 200-day moving average price of $107.68. e.l.f. Beauty, Inc. has a 12-month low of $60.35 and a 12-month high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data 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 net margin of 7.55% and a return on equity of 16.88%. Equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other 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 sale, the director now owns 1,888 shares in the company, valued at $127,232.32. This represents a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is currently owned by insiders.

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.