e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lessened its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 139,686 shares of the company’s stock after selling 18,965 shares during the quarter. Wells Fargo & Company MN owned about 0.25% of e.l.f. Beauty worth $17,538,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Baillie Gifford & Co. boosted its holdings in e.l.f. Beauty by 51.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock valued at $1,005,584,000 after acquiring an additional 2,703,742 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of e.l.f. Beauty by 40.9% in the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock valued at $289,437,000 after purchasing an additional 669,321 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of e.l.f. Beauty during the 4th quarter worth about $68,775,000. Clearbridge Investments LLC increased its position in e.l.f. Beauty by 17.5% during the 4th quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company’s stock worth $222,541,000 after purchasing an additional 264,296 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in e.l.f. Beauty by 149.8% in the fourth quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock valued at $41,250,000 after buying an additional 197,028 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ELF has been the subject of several recent research reports. UBS Group reissued a “neutral” rating and issued a $74.00 price objective (down previously from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. The Goldman Sachs Group lowered their price target on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a report on Friday, February 21st. JPMorgan Chase & Co. reduced their price objective on e.l.f. Beauty from $127.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday. DA Davidson lowered their target price on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Finally, Piper Sandler reduced their price target on e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, March 31st. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $124.76.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the transaction, the director now owns 1,888 shares of the company’s stock, valued at $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Down 0.4 %

NYSE:ELF opened at $53.60 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 31.71, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. e.l.f. Beauty, Inc. has a one year low of $49.90 and a one year high of $219.77. The stock has a 50-day simple moving average of $66.75 and a 200 day simple moving average of $101.08.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. Sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

e.l.f. Beauty Profile

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.