Northern Trust Corp Grows Position in Brilliant Earth Group, Inc. (NASDAQ:BRLT)

Northern Trust Corp raised its position in Brilliant Earth Group, Inc. (NASDAQ:BRLT) by 64.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,024 shares of the company’s stock after purchasing an additional 28,505 shares during the quarter. Northern Trust Corp owned 0.07% of Brilliant Earth Group worth $153,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Boston Partners bought a new stake in shares of Brilliant Earth Group in the 4th quarter valued at approximately $324,000. Impact Investors Inc bought a new stake in shares of Brilliant Earth Group in the 4th quarter valued at approximately $103,000. Renaissance Technologies LLC increased its holdings in shares of Brilliant Earth Group by 6.1% in the 4th quarter. Renaissance Technologies LLC now owns 129,400 shares of the company’s stock valued at $272,000 after acquiring an additional 7,400 shares during the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Brilliant Earth Group in the 4th quarter valued at approximately $128,000. Finally, XTX Topco Ltd bought a new stake in shares of Brilliant Earth Group in the 4th quarter valued at approximately $38,000. 70.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BRLT shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $2.00 price target on shares of Brilliant Earth Group in a report on Tuesday, May 6th. Jefferies Financial Group downgraded Brilliant Earth Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $4.00 to $1.60 in a report on Tuesday, February 4th.

Brilliant Earth Group Price Performance

Shares of BRLT opened at $1.44 on Wednesday. The company has a market cap of $143.01 million, a P/E ratio of 48.02 and a beta of 1.43. The stock has a fifty day moving average price of $1.48 and a 200 day moving average price of $1.65. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.80 and a quick ratio of 2.27. Brilliant Earth Group, Inc. has a 12 month low of $1.25 and a 12 month high of $2.68.

Brilliant Earth Group (NASDAQ:BRLT) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.14). The company had revenue of $93.88 million for the quarter, compared to the consensus estimate of $94.42 million. Brilliant Earth Group had a return on equity of 3.09% and a net margin of 0.50%. On average, research analysts forecast that Brilliant Earth Group, Inc. will post -0.02 earnings per share for the current year.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. The company’s product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. It sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.