DekaBank Deutsche Girozentrale Trims Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

DekaBank Deutsche Girozentrale lessened its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 11.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,848 shares of the company’s stock after selling 970 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in e.l.f. Beauty were worth $1,118,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. FMR LLC lifted its position in shares of e.l.f. Beauty by 641.2% during the third quarter. FMR LLC now owns 832,404 shares of the company’s stock worth $91,423,000 after purchasing an additional 720,098 shares in the last quarter. First Dallas Securities Inc. acquired a new stake in e.l.f. Beauty during the 3rd quarter worth approximately $3,569,000. State of Alaska Department of Revenue boosted its position in e.l.f. Beauty by 0.3% in the 4th quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock valued at $4,906,000 after buying an additional 85 shares during the period. William Blair Investment Management LLC grew its stake in shares of e.l.f. Beauty by 58.2% in the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock worth $156,427,000 after acquiring an additional 523,903 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new stake in shares of e.l.f. Beauty during the third quarter worth $301,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $162.91 on Monday. The company has a fifty day moving average of $186.95 and a two-hundred day moving average of $147.55. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. e.l.f. Beauty, Inc. has a 1 year low of $83.80 and a 1 year high of $221.83. The company has a market capitalization of $9.04 billion, a PE ratio of 72.08, a P/E/G ratio of 1.51 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. The firm had revenue of $270.94 million during the quarter, compared to analysts’ expectations of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. As a group, analysts expect that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Robert W. Baird assumed coverage on e.l.f. Beauty in a report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 target price for the company. DA Davidson reissued a “buy” rating and set a $220.00 price objective on shares of e.l.f. Beauty in a research report on Monday, April 8th. Morgan Stanley raised their target price on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Raymond James boosted their price target on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $186.83.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,519 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total value of $4,677,693.91. Following the completion of the sale, the chief executive officer now owns 10,889 shares in the company, valued at approximately $2,165,713.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 5.20% of the company’s stock.

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.