e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by KBC Group NV

KBC Group NV decreased its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 282,097 shares of the company’s stock after selling 846 shares during the quarter. KBC Group NV’s holdings in e.l.f. Beauty were worth $35,417,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baillie Gifford & Co. boosted its stake in e.l.f. Beauty by 39.5% during the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock worth $578,480,000 after buying an additional 1,501,151 shares during the period. Champlain Investment Partners LLC purchased a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at approximately $121,558,000. Swedbank AB acquired a new position in shares of e.l.f. Beauty in the 3rd quarter worth approximately $76,321,000. Clearbridge Investments LLC boosted its position in shares of e.l.f. Beauty by 84.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after purchasing an additional 576,383 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in e.l.f. Beauty by 223.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock valued at $60,543,000 after purchasing an additional 383,478 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on ELF shares. Deutsche Bank Aktiengesellschaft began coverage on e.l.f. Beauty in a research note on Thursday, December 12th. They set a “hold” rating and a $133.00 price target on the stock. UBS Group lifted their target price on e.l.f. Beauty from $156.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Morgan Stanley raised shares of e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $139.00 to $153.00 in a research report on Monday, January 13th. Robert W. Baird dropped their price objective on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Finally, Stifel Nicolaus reduced their target price on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $169.06.

Insider Buying and Selling

In related news, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the transaction, the insider now owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now owns 1,888 shares of the company’s stock, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock worth $297,442 in the last ninety days. 3.50% of the stock is owned by corporate insiders.

e.l.f. Beauty Trading Down 5.7 %

NYSE:ELF opened at $104.26 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83. The stock has a market cap of $5.87 billion, a P/E ratio of 56.35, a P/E/G ratio of 2.03 and a beta of 1.50. The stock has a 50-day simple moving average of $128.46 and a 200-day simple moving average of $133.52.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.43 by $0.34. The company had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The firm’s revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 earnings per share. As a group, analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.