Vanguard Personalized Indexing Management LLC Trims Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Vanguard Personalized Indexing Management LLC reduced its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 12.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,946 shares of the company’s stock after selling 990 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in e.l.f. Beauty were worth $1,464,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Precision Wealth Strategies LLC purchased a new position in e.l.f. Beauty during the fourth quarter valued at $254,000. UBS Group AG raised its position in shares of e.l.f. Beauty by 28.0% in the 4th quarter. UBS Group AG now owns 238,751 shares of the company’s stock worth $34,461,000 after purchasing an additional 52,161 shares during the last quarter. Wells Fargo & Company MN boosted its stake in e.l.f. Beauty by 56.9% in the 4th quarter. Wells Fargo & Company MN now owns 71,070 shares of the company’s stock worth $10,258,000 after purchasing an additional 25,774 shares in the last quarter. Franklin Resources Inc. increased its stake in e.l.f. Beauty by 17.9% during the 4th quarter. Franklin Resources Inc. now owns 23,780 shares of the company’s stock valued at $3,432,000 after purchasing an additional 3,604 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in e.l.f. Beauty by 4.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 17,198 shares of the company’s stock worth $2,482,000 after buying an additional 731 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 548 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the sale, the chief executive officer now directly owns 214,507 shares of the company’s stock, valued at $37,538,725. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Tarang Amin sold 548 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $175.00, for a total value of $95,900.00. Following the transaction, the chief executive officer now directly owns 214,507 shares in the company, valued at $37,538,725. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the sale, the senior vice president now owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,304 shares of company stock worth $3,864,492. Company insiders own 5.20% of the company’s stock.

e.l.f. Beauty Trading Down 1.5 %

Shares of ELF stock opened at $112.91 on Monday. e.l.f. Beauty, Inc. has a 1 year low of $88.47 and a 1 year high of $221.83. The firm has a fifty day moving average price of $153.71 and a 200-day moving average price of $174.16. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 50.86, a PEG ratio of 2.37 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. The business had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. As a group, equities analysts predict that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

ELF has been the subject of several analyst reports. B. Riley started coverage on shares of e.l.f. Beauty in a research report on Tuesday, September 10th. They set a “buy” rating and a $175.00 price target for the company. JPMorgan Chase & Co. decreased their price target on e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. DA Davidson reaffirmed a “buy” rating and set a $223.00 price objective on shares of e.l.f. Beauty in a research report on Wednesday, September 18th. Bank of America decreased their target price on e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, September 9th. Finally, Stifel Nicolaus raised their price target on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $198.80.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. 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.