Allspring Global Investments Holdings LLC reduced its stake in elf Beauty, Inc. (NYSE: ELF – Get Rating) by 46.0% in the third quarter, according to a recent disclosure to the Securities and Exchange Commission. The fund owned 352,742 shares of the company’s stock after selling 300,235 shares during the period. Allspring Global Investments Holdings LLC owned his 0.67% stake in elf Beauty worth $13,270,000 as of the latest SEC filing.
Many other large investors have also changed positions in ELF. Advisor Group Holdings Inc. increased his stake in elf Beauty by 7.6% in the first quarter. He now owns 6,765 shares of Advisor Group Holdings Inc. worth $174,000 after acquiring an additional 476 shares during the previous quarter. Bank of New York Mellon Corp increased its stake in elf Beauty by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 428,775 shares of the company worth $11,076,000 after acquiring an additional 4,476 shares during the previous quarter. Citigroup Inc. increased its stake in elf Beauty by 12.4% in the first quarter. Citigroup Inc. now owns 41,711 shares worth $1,077,000 after acquiring an additional 4,617 shares during the previous quarter. AlphaCrest Capital Management LLC acquired a new stake in elf Beauty worth approximately $342,000 in the first quarter. Finally, MetLife Investment Management LLC increased its stake in elf Beauty by 53.3% in the first quarter. MetLife Investment Management LLC now owns 26,424 shares worth $683,000 after purchasing an additional 9,189 shares in the previous quarter. Institutional investors and hedge funds own 95.14% of the company’s shares.
Wall Street analyst opinion
Many brokerage firms publish reports on ELF. Jefferies Financial Group downgraded elf Beauty from ‘buy’ to ‘hold’ and set a price target of $55.00. In Monday’s research notebook. DA Davidson has raised his price target for elf Beauty from his $44.00 to his $54.00, giving it a “buy” rating in its Thursday, Nov. 3 report. The Canaccord Genuity Group began covering elf Beauty in a report on Thursday, November 17th. They issued a ‘buy’ rating and a price target of $63.00. Morgan Stanley raised its price target on Elf Beauty from $50.00 to $60.00 in a report on Monday, Dec. 19, giving the stock an “overweight” rating. Finally, StockNews.com kicked off coverage of elf Beauty in his Wednesday Oct. 12 report. They issued a “Hold” rating on the stock. Four Research his analysts rated the stock with a hold rating, and ten gave the company a buy rating. According to MarketBeat.com data, elf Beauty currently has an average rating of “moderate buy” with a consensus price target of $53.90.
elf beauty price performance
NYSE ELF shares opened Friday at $49.99. For elf Beauty, Inc., his 52-week low is $20.49 and his 52-week high is $58.76. The 50-day moving average price for this business is $53.89 and the 200-day moving average price is $42.90. The company has a quick ratio of 2.31, a current ratio of 3.44 and a debt to equity ratio of 0.25. The company has a market capitalization of $2.65 billion, a PE ratio of 79.35, a price/earnings ratio of 2.81, and a beta of 1.54.
elf Beauty (NYSE:ELF – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported that he earned $0.22 per share for the quarter, beating analyst consensus expectations of $0.10 for him by $0.12. elf Beauty had a return on equity of 11.83% and a net profit margin of 7.57%. The company’s revenue for the quarter was $122.35 million, compared with analyst estimates of $106.29 million. Sell-side analysts expect elf Beauty, Inc.’s earnings per share to be 0.77 for the current fiscal year.
Insider trading at elf Beauty
In another elf Beauty news, SVP Joshua Allen Franks sold 1,957 shares of the company’s stock in a transaction that took place on Tuesday, October 18th. The shares sold for an average of $42.24, and the total transaction value he had was $82,663.68. Following the closing of the sale, the Senior Vice President now owns 114,277 shares of the Company’s stock, valued at approximately $4,827,060.48. The sale was disclosed in legal filings with the SEC available on the SEC’s website. In other news, insider Scott Milsten sold 55,000 shares of elf Beauty stock in a transaction that took place on Monday, January 9th. The shares were sold at an average price of $56.98 for a total of $3,133,900.00. Following the closing of the transaction, insiders now own 127,560 shares of the company’s stock valued at approximately $7,268,368.80. The sale was disclosed in legal filings with the SEC available at this hyperlink. SVP Joshua Allen Franks also sold 1,957 elf Beauty shares in a transaction that took place on Tuesday, October 18th. The shares sold at an average price of $42.24, giving him a total of $82,663.68. Following the closing of the transaction, the Senior Vice President now owns 114,277 shares of the Company’s stock valued at approximately $4,827,060.48. Please see here for the disclosure of this sale. The insider said that in the past 90 days he has sold 204,199 shares of company stock worth $10,342,916. His 8.20% of the shares are owned by corporate insiders.
Elf Beauty Company Profile
elf Beauty, Inc, along with its subsidiaries, offers cosmetic and skin care products worldwide under the brand names elf Cosmetics, elf Skin, Well People, and Keys Soulcare. The company offers eye, lip, facial, face, foot, and skin care products. The Company sells its products through domestic and international retailers and direct-to-consumer channels, including e-commerce platforms in the United States, and primarily through distributors internationally.
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