Corebridge Financial Inc. Has $8.08 Million Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Corebridge Financial Inc. cut its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,339 shares of the company’s stock after selling 2,954 shares during the period. Corebridge Financial Inc.’s holdings in e.l.f. Beauty were worth $8,078,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ELF. Wilmington Savings Fund Society FSB acquired a new stake in e.l.f. Beauty in the 3rd quarter valued at $25,000. Promus Capital LLC bought a new position in shares of e.l.f. Beauty in the 4th quarter valued at about $31,000. Kestra Investment Management LLC acquired a new stake in shares of e.l.f. Beauty in the fourth quarter valued at about $32,000. Financial Life Planners bought a new stake in e.l.f. Beauty during the fourth quarter worth about $46,000. Finally, Quarry LP acquired a new position in e.l.f. Beauty during the third quarter valued at approximately $62,000. Institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ELF shares. Raymond James dropped their price objective on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research note on Friday, February 7th. Morgan Stanley reaffirmed an “equal weight” rating and set a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Stifel Nicolaus decreased their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Canaccord Genuity Group dropped their target price on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Finally, B. Riley reiterated a “buy” rating and set a $90.00 price target (down previously from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.65.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock opened at $65.04 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 38.49, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60. e.l.f. Beauty, Inc. has a twelve month low of $60.35 and a twelve month high of $219.77. The company has a 50-day simple moving average of $80.37 and a two-hundred day simple moving average of $106.19.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. Analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Insider Activity

In related news, Director Maureen C. Watson sold 4,000 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the transaction, the director now owns 1,888 shares of the company’s stock, valued at $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.50% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.