e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 53.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,318 shares of the company’s stock after selling 84,121 shares during the quarter. Russell Investments Group Ltd.’s holdings in e.l.f. Beauty were worth $10,583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ELF. Cambridge Investment Research Advisors Inc. increased its stake in e.l.f. Beauty by 40.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 16,467 shares of the company’s stock valued at $1,809,000 after purchasing an additional 4,731 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in e.l.f. Beauty by 18.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 17,194 shares of the company’s stock valued at $1,888,000 after purchasing an additional 2,707 shares during the last quarter. Xponance Inc. increased its stake in e.l.f. Beauty by 6.3% in the third quarter. Xponance Inc. now owns 3,135 shares of the company’s stock valued at $344,000 after purchasing an additional 185 shares during the last quarter. Raymond James & Associates grew its position in e.l.f. Beauty by 17.2% during the third quarter. Raymond James & Associates now owns 31,370 shares of the company’s stock valued at $3,445,000 after acquiring an additional 4,608 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its position in e.l.f. Beauty by 10.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 3,336 shares of the company’s stock valued at $366,000 after acquiring an additional 323 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $160.12 on Monday. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 70.85, a PEG ratio of 1.50 and a beta of 1.60. 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 debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The business has a 50-day moving average of $185.12 and a 200-day moving average of $154.25.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 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 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%. On average, equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. DA Davidson reissued a “buy” rating and set a $220.00 price target on shares of e.l.f. Beauty in a research report on Monday, April 8th. Robert W. Baird assumed coverage on e.l.f. Beauty in a research report on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price target for the company. TD Cowen raised e.l.f. Beauty from a “hold” rating to a “buy” rating and lowered their price target for the company from $220.00 to $190.00 in a research report on Wednesday, April 17th. Stifel Nicolaus boosted their price target on e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Finally, Raymond James boosted their price target on e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $184.33.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the sale, the chief executive officer now owns 10,889 shares in the company, valued at $2,165,713.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Mandy J. Fields sold 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $174.90, for a total value of $218,625.00. Following the sale, the insider now directly owns 77,146 shares in the company, valued at approximately $13,492,835.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction that occurred 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 $2,165,713.21. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 178,081 shares of company stock valued at $30,457,064. 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.