Wells Fargo & Company MN Reduces Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Wells Fargo & Company MN lowered its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 12.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 139,686 shares of the company's stock after selling 18,965 shares during the period. Wells Fargo & Company MN owned about 0.25% of e.l.f. Beauty worth $17,538,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ELF. Savoir Faire Capital Management L.P. grew its position in shares of e.l.f. Beauty by 40.1% during the 4th quarter. Savoir Faire Capital Management L.P. now owns 98,350 shares of the company's stock worth $12,348,000 after buying an additional 28,126 shares during the period. Landscape Capital Management L.L.C. grew its holdings in e.l.f. Beauty by 19.7% in the fourth quarter. Landscape Capital Management L.L.C. now owns 30,258 shares of the company's stock worth $3,799,000 after purchasing an additional 4,986 shares during the period. Uniting Wealth Partners LLC bought a new stake in e.l.f. Beauty in the fourth quarter valued at $264,000. Massachusetts Financial Services Co. MA boosted its position in shares of e.l.f. Beauty by 24.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 319,709 shares of the company's stock worth $40,139,000 after purchasing an additional 62,899 shares in the last quarter. Finally, Wisconsin Capital Management LLC grew its stake in shares of e.l.f. Beauty by 107.4% in the 4th quarter. Wisconsin Capital Management LLC now owns 37,898 shares of the company's stock valued at $4,758,000 after buying an additional 19,625 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

e.l.f. Beauty Stock Performance

NYSE ELF traded up $2.65 during trading hours on Friday, hitting $52.60. 2,237,084 shares of the company's stock traded hands, compared to its average volume of 2,345,763. e.l.f. Beauty, Inc. has a 52 week low of $49.40 and a 52 week high of $219.77. The business's fifty day moving average price is $64.02 and its two-hundred day moving average price is $99.23. 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 firm has a market capitalization of $2.97 billion, a P/E ratio of 31.12, a P/E/G ratio of 6.76 and a beta of 1.41.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued 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%. Equities research analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Insiders Place Their Bets

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty 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 transaction, the director now directly owns 1,888 shares of the company's stock, valued at $127,232.32. This trade represents a 67.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ELF. 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 report on Friday, April 11th. Raymond James cut their price target on shares of e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating on the stock in a report on Thursday. Stifel Nicolaus cut their target price on e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Monday, February 3rd. UBS Group decreased 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 report on Thursday. Finally, Morgan Stanley reissued 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 research report on Friday, February 7th. Five 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $121.82.

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.