Allspring Global Investments Holdings LLC lowered its stake in shares of elf Beauty, Inc. (NYSE:ELF – Get Rating) by 46.0% during the third quarter, according to the company in its most recent disclosure with the Securities & 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 0.67% of elf Beauty worth $13,270,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in ELF. Advisor Group Holdings Inc. boosted its stake in shares of elf Beauty by 7.6% during the first quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock valued at $174,000 after acquiring an additional 476 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of elf Beauty by 1.1% during the first quarter. Bank of New York Mellon Corp now owns the company’s stock of 428, 77 valued at $11,076,000 after acquiring an additional 4,476 shares during the last quarter. Citigroup Inc. boosted its stake in shares of elf Beauty by 12.4% during the first quarter. Citigroup Inc. now owns 41,711 shares of the company’s stock valued at $1,077,000 after acquiring an additional 4,617 shares during the last quarter. AlphaCrest Capital Management LLC acquired a new stake in elf Beauty in the 1st quarter worth about $342,000. Finally, MetLife Investment Man agement LLC boosted its stake in elf Beauty by 53.3% in the 1st quarter. MetLife Investment Management LLC now owns 26,424 shares of the company’s stock worth $683,000 after buying an additional 9,189 shares during the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ELF. Jefferies Financial Group lowered elf Beauty from a “buy” rating to a “hold” rating and set a $55.00 price target on the stock. in a research note on Monday. DA Davidson raised their price objective on elf Beauty from $44.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, November 3rd. Canaccord Genuity Group began coverage on elf Beauty in a report on Thursday, November 17th. They issued a “buy” rating and a $63.00 price objective on the stock. Morgan Stanley raised their price objective on elf Beauty from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, December 19th. Finally, StockNews.com began coverage on elf Beauty in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, elf Beauty currently has an average e rating of “Moderate Buy” and a consensus price target of $53.90.
elf Beauty Price Performance
Shares of NYSE ELF opened at $49.99 on Friday. elf Beauty, Inc. has a fifty-two week low of $20.49 and a fifty-two week high of $58.76. The business has a 50 day moving average price of $53.89 and a two-hundred day moving average price of $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 firm has a market cap of $2.65 billion, a PE ratio of 79.35, a price -to-earnings-growth ratio of 2.81 and a beta of 1.54.
elf Beauty (NYSE:ELF – Get Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.12. elf Beauty had a return on equal of 11.83% and a net margin of 7.57%. The firm had revenue of $122.35 million during the quarter, compared to analyst estimates of $106.29 million. Sell-side analysts expect that elf Beauty, Inc. will post 0.77 earnings per share for the current fiscal year.
Insider Buying and Selling at elf Beauty
In other elf Beauty news, SVP Joshua Allen Franks sold 1,957 shares of the firm’s stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $42.24, for a total transaction of $82,663.68. com Following the the sale, the senior vice president now owns 114,277 shares in the company, valued at approximately $4,827,060.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. of elf Beauty stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $56.98, for a total value of $3,133,900.00. Following the completion of the transaction, the insider now owns 127,560 shares in the company, valued at approximately $7,268,368.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Joshua Allen Franks sold 1,957 shares of elf Beauty stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $42.24, for a total value of $82,663.68. Following the completion of the transaction, the senior vice president now owns 114,277 shares of the company’s at ately appropriate stock, rovalued $4,827,060.48. The disclosure for this sale can be found here. Insiders sold a total of 204,199 shares of company stock worth $10,342,916 in the last 90 days. 8.20% of the stock is owned by corporate insiders.
elf Beauty Company Profile
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elf Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the elf Cosmetics, elf Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.
Further Reading
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