Daiwa Securities Group Inc. Cuts Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Daiwa Securities Group Inc. reduced its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 27.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,105 shares of the company’s stock after selling 410 shares during the quarter. Daiwa Securities Group Inc.’s holdings in e.l.f. Beauty were worth $217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in e.l.f. Beauty by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock valued at $873,351,000 after buying an additional 79,701 shares in the last quarter. Wellington Management Group LLP grew its holdings in e.l.f. Beauty by 5.2% during the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock valued at $366,744,000 after buying an additional 126,231 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in e.l.f. Beauty by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 952,863 shares of the company’s stock valued at $137,538,000 after buying an additional 7,999 shares in the last quarter. Norges Bank purchased a new stake in e.l.f. Beauty during the 4th quarter valued at approximately $95,611,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of e.l.f. Beauty by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 631,550 shares of the company’s stock valued at $91,158,000 after purchasing an additional 24,191 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 15,386 shares of e.l.f. Beauty stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.85, for a total value of $3,090,278.10. Following the completion of the sale, the chief executive officer now directly owns 171,329 shares in the company, valued at $34,411,429.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Joshua Allen Franks sold 727 shares of e.l.f. Beauty stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $165.16, for a total value of $120,071.32. Following the completion of the sale, the senior vice president now directly owns 83,736 shares in the company, valued at $13,829,837.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tarang Amin sold 15,386 shares of e.l.f. Beauty stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.85, for a total value of $3,090,278.10. Following the completion of the sale, the chief executive officer now owns 171,329 shares of the company’s stock, valued at $34,411,429.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 264,721 shares of company stock worth $46,009,001. 5.20% of the stock is currently owned by insiders.

e.l.f. Beauty Stock Up 0.9 %

NYSE:ELF opened at $210.88 on Friday. e.l.f. Beauty, Inc. has a twelve month low of $88.47 and a twelve month high of $221.83. The company has a market cap of $11.80 billion, a price-to-earnings ratio of 94.99, a price-to-earnings-growth ratio of 5.06 and a beta of 1.46. The stock has a fifty day simple moving average of $188.79 and a 200-day simple moving average of $178.66. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, May 22nd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.16. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. The business had revenue of $321.14 million during the quarter, compared to the consensus estimate of $292.47 million. Analysts anticipate that e.l.f. Beauty, Inc. will post 2.85 EPS for the current year.

Analyst Upgrades and Downgrades

ELF has been the subject of a number of recent research reports. Raymond James reissued a “strong-buy” rating and issued a $235.00 target price (up from $215.00) on shares of e.l.f. Beauty in a report on Friday, June 14th. Canaccord Genuity Group raised their target price on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Canaccord Genuity Group raised their target price on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. JPMorgan Chase & Co. cut their target price on shares of e.l.f. Beauty from $197.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday, May 23rd. Finally, Bank of America raised their target price on shares of e.l.f. Beauty from $220.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.07.

About e.l.f. Beauty

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.