Thrivent Financial for Lutherans Sells 20,940 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Thrivent Financial for Lutherans cut its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 10.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 171,809 shares of the company’s stock after selling 20,940 shares during the period. Thrivent Financial for Lutherans’ holdings in e.l.f. Beauty were worth $36,204,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of e.l.f. Beauty by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock worth $873,351,000 after purchasing an additional 79,701 shares during the period. Baillie Gifford & Co. bought a new position in e.l.f. Beauty during the second quarter valued at about $801,693,000. Wellington Management Group LLP increased its stake in e.l.f. Beauty by 5.2% during the fourth quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock valued at $366,744,000 after acquiring an additional 126,231 shares during the period. William Blair Investment Management LLC increased its stake in e.l.f. Beauty by 12.5% during the second quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock valued at $318,647,000 after acquiring an additional 168,267 shares during the period. Finally, Clearbridge Investments LLC bought a new position in e.l.f. Beauty during the first quarter valued at about $133,940,000. 92.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Baird R W upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. Canaccord Genuity Group boosted their price target on e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. DA Davidson restated a “buy” rating and set a $223.00 price target on shares of e.l.f. Beauty in a research note on Wednesday, September 18th. Robert W. Baird lifted their price objective on e.l.f. Beauty from $230.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, UBS Group decreased their price objective on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $198.80.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 15,386 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the completion of the sale, the chief executive officer now owns 171,329 shares in the company, valued at approximately $34,411,429.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $14,489,342.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tarang Amin sold 15,386 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $34,411,429.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,304 shares of company stock worth $3,864,492. Insiders own 5.20% of the company’s stock.

e.l.f. Beauty Stock Down 1.5 %

Shares of ELF opened at $112.91 on Monday. The company has a market capitalization of $6.32 billion, a P/E 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, Inc. has a one year low of $88.47 and a one year high of $221.83. The business’s 50 day simple moving average is $153.71 and its 200-day simple moving average is $174.16.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $324.48 million for the quarter, compared to the consensus estimate of $303.60 million. As a group, sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.88 EPS for the current fiscal year.

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.