Stephens Inc. AR Reduces Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Stephens Inc. AR cut its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 43.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,931 shares of the company’s stock after selling 4,476 shares during the quarter. Stephens Inc. AR’s holdings in e.l.f. Beauty were worth $647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of ELF. Wealth Enhancement Advisory Services LLC boosted its holdings in e.l.f. Beauty by 43.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,427 shares of the company’s stock valued at $672,000 after acquiring an additional 1,031 shares during the period. Private Advisor Group LLC bought a new position in e.l.f. Beauty during the 1st quarter valued at approximately $417,000. BNP Paribas Financial Markets raised its position in e.l.f. Beauty by 38.2% during the 1st quarter. BNP Paribas Financial Markets now owns 51,097 shares of the company’s stock valued at $10,017,000 after purchasing an additional 14,118 shares during the last quarter. Texas Permanent School Fund Corp raised its position in e.l.f. Beauty by 1.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 48,579 shares of the company’s stock valued at $9,523,000 after purchasing an additional 895 shares during the last quarter. Finally, MGB Wealth Management LLC raised its position in e.l.f. Beauty by 28.8% during the 1st quarter. MGB Wealth Management LLC now owns 1,947 shares of the company’s stock valued at $382,000 after purchasing an additional 435 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Jefferies Financial Group lowered their price target on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. TD Cowen lowered their price target on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. B. Riley assumed coverage on 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. Morgan Stanley lowered their price target on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research report on Monday, September 30th. Finally, Truist Financial lowered their price target on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $183.80.

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

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the transaction, the chief executive officer now owns 106,016 shares in the company, valued at approximately $14,465,883.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Stock Down 2.8 %

Shares of NYSE:ELF opened at $104.12 on Thursday. The stock has a fifty day simple moving average of $113.74 and a two-hundred day simple moving average of $156.46. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 49.58, a PEG ratio of 2.15 and a beta of 1.44. e.l.f. Beauty, Inc. has a 12-month low of $92.16 and a 12-month high of $221.83. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23.

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

e.l.f. Beauty Company 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.