Dimensional Fund Advisors LP decreased its position in shares of e.l.f. Beauty (NYSE:ELF – Free Report) by 14.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 531,598 shares of the company’s stock after selling 88,654 shares during the quarter. Dimensional Fund Advisors LP’s holdings in e.l.f. Beauty were worth $32,219,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of ELF. Northwestern Mutual Wealth Management Co. grew its position in shares of e.l.f. Beauty by 58.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after purchasing an additional 117 shares during the period. EverSource Wealth Advisors LLC lifted its position in e.l.f. Beauty by 97.0% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after buying an additional 128 shares during the period. Horizon Investments LLC lifted its position in e.l.f. Beauty by 13.4% during the fourth quarter. Horizon Investments LLC now owns 1,089 shares of the company’s stock worth $83,000 after buying an additional 129 shares during the period. Public Employees Retirement System of Ohio boosted its stake in e.l.f. Beauty by 0.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,246 shares of the company’s stock worth $2,285,000 after buying an additional 144 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in e.l.f. Beauty by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 52,055 shares of the company’s stock valued at $6,478,000 after buying an additional 152 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.
e.l.f. Beauty Price Performance
Shares of NYSE:ELF opened at $87.97 on Wednesday. The company has a market cap of $5.18 billion, a PE ratio of 191.24, a P/E/G ratio of 3.23 and a beta of 1.58. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $150.99. The firm has a 50-day simple moving average of $69.22 and a 200 day simple moving average of $71.55. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72.
Insider Activity at e.l.f. Beauty
In other e.l.f. Beauty news, insider Scott Milsten sold 4,162 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total value of $214,467.86. Following the transaction, the insider owned 144,581 shares in the company, valued at $7,450,258.93. The trade was a 2.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mandy J. Fields sold 4,327 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total value of $222,970.31. Following the completion of the transaction, the insider owned 106,961 shares in the company, valued at $5,511,700.33. This represents a 3.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 121,855 shares of company stock worth $8,351,493. Insiders own 3.50% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on ELF. TD Cowen restated a “buy” rating and issued a $85.00 target price (up from $65.00) on shares of e.l.f. Beauty in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $64.00 price objective on shares of e.l.f. Beauty in a research note on Tuesday, June 16th. Piper Sandler reiterated a “neutral” rating on shares of e.l.f. Beauty in a report on Friday, June 12th. Bank of America lowered their price target on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Raymond James Financial raised their price objective on e.l.f. Beauty from $85.00 to $87.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $79.75.
View Our Latest Stock Report on ELF
About e.l.f. Beauty
e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.
Founded in 2004 and headquartered in Oakland, California, e.l.f.
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Want to see what other hedge funds are holding ELF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for e.l.f. Beauty (NYSE:ELF – Free Report).
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