Wellington Management Group LLP Has $280.72 Million Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Wellington Management Group LLP lessened its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,235,917 shares of the company's stock after selling 194,297 shares during the quarter. Wellington Management Group LLP owned approximately 3.96% of e.l.f. Beauty worth $280,719,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ELF. Principal Financial Group Inc. boosted its holdings in e.l.f. Beauty by 149.8% in the fourth quarter. Principal Financial Group Inc. now owns 328,557 shares of the company's stock worth $41,250,000 after purchasing an additional 197,028 shares during the period. Global Retirement Partners LLC increased its holdings in shares of e.l.f. Beauty by 441.0% during the fourth quarter. Global Retirement Partners LLC now owns 8,283 shares of the company's stock valued at $1,040,000 after purchasing an additional 6,752 shares during the period. Robbins Farley grew its position in e.l.f. Beauty by 27.1% in the 4th quarter. Robbins Farley now owns 34,396 shares of the company's stock valued at $4,318,000 after buying an additional 7,335 shares in the last quarter. Pacer Advisors Inc. increased its stake in e.l.f. Beauty by 43.4% during the 4th quarter. Pacer Advisors Inc. now owns 11,802 shares of the company's stock valued at $1,482,000 after buying an additional 3,572 shares during the period. Finally, Ibex Wealth Advisors bought a new stake in shares of e.l.f. Beauty during the 4th quarter worth about $5,519,000. Institutional investors and hedge funds own 92.44% of the company's stock.

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Insider Activity

In other news, Director Maureen C. Watson sold 4,000 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the transaction, the director now owns 1,888 shares in the company, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Stock Down 0.2 %

e.l.f. Beauty stock traded down $0.14 during mid-day trading on Friday, hitting $54.88. 5,019,082 shares of the company's stock were exchanged, compared to its average volume of 2,289,252. e.l.f. Beauty, Inc. has a 1-year low of $49.94 and a 1-year high of $219.77. The stock has a 50 day moving average of $74.50 and a two-hundred day moving average of $104.42. 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 cap of $3.10 billion, a P/E ratio of 32.48, a P/E/G ratio of 6.76 and a beta of 1.41.

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

Wall Street Analysts Forecast Growth

ELF has been the topic of a number of research analyst reports. UBS Group reiterated a "neutral" rating and set a $74.00 price objective (down previously from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. B. Riley restated a "buy" rating and set a $90.00 price target (down previously from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They issued a "hold" rating and a $133.00 price objective for the company. Raymond James cut their target price on shares of e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating on the stock in a research note on Friday, February 7th. Finally, Truist Financial raised their target price on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $130.24.

About e.l.f. Beauty

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.