Legal & General Group Plc Cuts Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Legal & General Group Plc reduced its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,534 shares of the company's stock after selling 11,573 shares during the quarter. Legal & General Group Plc owned about 0.19% of e.l.f. Beauty worth $13,250,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in 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 valued at $361,000 after purchasing an additional 91 shares during the last quarter. Truist Financial Corp raised its position in e.l.f. Beauty by 1.3% in the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company's stock worth $990,000 after buying an additional 102 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of e.l.f. Beauty by 0.8% during the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company's stock valued at $2,055,000 after acquiring an additional 128 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in shares of e.l.f. Beauty by 7.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company's stock valued at $262,000 after acquiring an additional 150 shares during the period. Finally, Horizon Investments LLC raised its stake in e.l.f. Beauty by 29.0% during the 4th quarter. Horizon Investments LLC now owns 742 shares of the company's stock worth $93,000 after acquiring an additional 167 shares during the period. Hedge funds and other institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Trading Down 1.7 %

NYSE ELF traded down $0.92 on Monday, reaching $51.74. 107,767 shares of the company were exchanged, compared to its average volume of 2,335,648. The business's fifty day moving average price is $64.02 and its 200 day moving average price is $99.14. e.l.f. Beauty, Inc. has a fifty-two week low of $49.40 and a fifty-two week high of $219.77. 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 stock has a market capitalization of $2.92 billion, a P/E ratio of 30.58, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41.

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 return on equity of 16.88% and a net margin of 7.55%. Analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ELF shares. DA Davidson dropped their target price on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Stifel Nicolaus decreased their price objective on e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a report on Monday, February 3rd. Raymond James decreased their price target on e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating on the stock in a report on Thursday. Piper Sandler cut their price objective on shares of e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co. dropped their price target on shares of e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Five equities research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.82.

Insider Buying and Selling

In other 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 transaction, the director now directly owns 1,888 shares of the company's stock, valued at $127,232.32. The trade was a 67.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.50% of the stock is owned by company insiders.

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.