Russell Investments Group Ltd. lowered its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 31.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,175 shares of the company's stock after selling 37,532 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.14% of e.l.f. Beauty worth $10,192,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in e.l.f. Beauty during the third quarter valued at approximately $25,000. Nemes Rush Group LLC bought a new stake in shares of e.l.f. Beauty during the 4th quarter valued at $27,000. Promus Capital LLC purchased a new stake in shares of e.l.f. Beauty in the 4th quarter worth $31,000. Kestra Investment Management LLC bought a new position in e.l.f. Beauty in the 4th quarter worth $32,000. Finally, Financial Life Planners purchased a new position in e.l.f. Beauty during the fourth quarter valued at $46,000. Institutional investors own 92.44% of the company's stock.
Wall Street Analysts Forecast Growth
ELF has been the subject of a number of analyst reports. Raymond James reduced their price target on e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating for the company in a research report on Friday, February 7th. Piper Sandler decreased their target price on shares of 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. Morgan Stanley reiterated an "equal weight" rating and issued a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Truist Financial raised their price objective on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Finally, Stifel Nicolaus dropped their target price on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating for the company in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $124.76.
Check Out Our Latest Report on ELF
e.l.f. Beauty Price Performance
Shares of NYSE:ELF traded down $0.15 on Monday, reaching $53.46. The company's stock had a trading volume of 2,181,762 shares, compared to its average volume of 2,338,077. The company has a 50-day simple moving average of $66.08 and a 200 day simple moving average of $100.67. e.l.f. Beauty, Inc. has a 52-week low of $49.90 and a 52-week high of $219.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The company has a market cap of $3.02 billion, a P/E ratio of 31.63, a PEG ratio of 6.76 and a beta of 1.41.
e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.
Insider Activity at e.l.f. Beauty
In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction on Friday, March 7th. The stock was 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 trade represents a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.50% of the stock is currently owned by insiders.
e.l.f. Beauty Company Profile
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Free Report)
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.
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