Daiwa Securities Group Inc. Has $219,000 Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Daiwa Securities Group Inc. lessened its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 38.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,515 shares of the company’s stock after selling 935 shares during the quarter. Daiwa Securities Group Inc.’s holdings in e.l.f. Beauty were worth $219,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ELF. Wellington Management Group LLP increased its position in e.l.f. Beauty by 235.8% during the third quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company’s stock worth $265,196,000 after buying an additional 1,695,585 shares during the last quarter. FMR LLC boosted its holdings 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 acquiring an additional 720,098 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of e.l.f. Beauty by 58.2% during 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 during the period. Lord Abbett & CO. LLC boosted its holdings in shares of e.l.f. Beauty by 152.6% during the third quarter. Lord Abbett & CO. LLC now owns 421,219 shares of the company’s stock worth $46,262,000 after acquiring an additional 254,469 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of e.l.f. Beauty by 52.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 607,359 shares of the company’s stock worth $66,706,000 after acquiring an additional 208,263 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ELF has been the subject of a number of research analyst reports. StockNews.com cut e.l.f. Beauty from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. DA Davidson reiterated a “buy” rating and issued a $220.00 price target on shares of e.l.f. Beauty in a research note on Monday, April 8th. Raymond James increased their price target on e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. Bank of America increased their price target on e.l.f. Beauty from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Piper Sandler increased their price target on e.l.f. Beauty from $225.00 to $228.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $184.33.

e.l.f. Beauty Trading Up 2.0 %

Shares of ELF stock opened at $179.63 on Friday. The stock’s fifty day moving average price is $186.57 and its two-hundred day moving average price is $151.86. The company has a market cap of $9.97 billion, a PE ratio of 79.48, a P/E/G ratio of 1.65 and a beta of 1.57. e.l.f. Beauty, Inc. has a fifty-two week low of $83.80 and a fifty-two week high of $221.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50.

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

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

In other news, CEO Tarang Amin sold 23,519 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the completion of the transaction, the chief executive officer now directly owns 10,889 shares in the company, valued at approximately $2,165,713.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Kory Marchisotto sold 29,408 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $166.40, for a total value of $4,893,491.20. Following the completion of the transaction, the insider now directly owns 156,969 shares in the company, valued at approximately $26,119,641.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 23,519 shares of the 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 transaction, the chief executive officer now owns 10,889 shares of the company’s stock, valued at $2,165,713.21. The disclosure for this sale can be found here. In the last quarter, insiders have sold 178,081 shares of company stock valued at $30,457,064. 5.20% of the stock is currently owned by corporate insiders.

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.