Mitsubishi UFJ Asset Management Co., Ltd. reduced its holdings in ELF Beauty Inc. (NYSE:ELF – free report) by 69.5% during the first quarter, according to its latest disclosure to the Securities and Exchange Commission. The fund sold 6,960 shares during the quarter, leaving it holding 3,059 shares of the company. Mitsubishi UFJ Asset Management Co., Ltd.’s holdings of ELF Beauty shares were worth $600,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company’s stock. Guidance Capital increased its holdings of Elf Beauty shares by 1.6% in the fourth quarter. Guidance Capital now owns 3,510 shares of the company’s stock valued at $490,000. It purchased an additional 56 shares in the last quarter. First Trust Direct Index increased its holdings of Elf Beauty shares by 3.2% in the fourth quarter. First Trust Direct Index now owns 2,106 shares of the company’s stock valued at $304,000. It purchased an additional 65 shares in the last quarter. The Alaska Department of Revenue increased its holdings of Elf Beauty shares by 0.3% in the fourth quarter. The Alaska Department of Revenue now owns 33,993 shares of the company’s stock valued at $4,906,000. It purchased an additional 85 shares in the last quarter. GAMMA Investing LLC increased its holdings in elf Beauty by 33.2% in the first quarter. GAMMA Investing LLC bought an additional 88 shares in the last quarter and now owns 353 shares, valued at $69,000. Finally, American International Group Inc. increased its holdings in elf Beauty by 0.3% in the fourth quarter. American International Group Inc. bought an additional 90 shares in the last quarter and now owns 29,435 shares, valued at $4,249,000. 92.44% of the stock is owned by institutional investors.
Elf Beauty Trading rose 3.8%
ELF opened trading at $177.52 on Monday. The company has a market cap of $10.01 billion, a price-to-earnings ratio of 79.96, a P/E ratio of 3.90 and a beta of 1.46. The company’s 50-day moving average price is $190.36 and its 200-day moving average price is $180.53. elf Beauty, Inc.’s one-year low and high are $88.47 and $221.83, respectively. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 1.60.
ELF Beauty (NYSE:ELF – Get free report ) released its quarterly earnings on Wednesday, May 22nd. The company reported quarterly earnings per share (EPS) of $0.37, beating analysts’ consensus estimates of $0.21 by $0.16. The company’s revenue for the quarter was $321.14 million, beating analysts’ estimates of $292.47 million. ELF Beauty’s ROE was 26.64%, with a net margin of 12.47%. On average, equities analysts expect that ELF Beauty will post 2.83 EPS for the year.
Analyst upgrades and downgrades
Several equities research analysts have recently issued reports on ELF stock. Piper Sandler increased their price target on ELF Beauty from $210.00 to $258.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Bank of America increased their price target on ELF Beauty from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. DA Davidson reiterated a “buy” rating and set a price target of $220.00 on ELF Beauty in a research note on Monday, June 3rd. Canaccord Genuity Group increased their price target on ELF Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Finally, Canaccord Genuity Group boosted their price target on elf Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18. One analyst has rated the stock as a sell, two have held, eleven have bought, and two have given it a strong buy rating. According to MarketBeat data, the company currently has an average rating of a “moderate buy” and a consensus target price of $207.00.
Get the latest ELF stock analysis
elf Beauty Insider Activities
In related news, insider Jennifer Katherine Hartnett sold 9,808 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total value of $1,814,087.68. Following the completion of the sale, the insider’s holdings in the company now total 61,647 shares, valued at $11,402,229.12. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be viewed on the SEC’s website. In related news, insider Jennifer Katherine Hartnett sold 9,808 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total value of $1,814,087.68. Following the completion of the sale, the insider now owns 61,647 shares of the company’s stock, valued at $11,402,229.12. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed on the SEC’s website. Additionally, CEO Tarang Amin sold 23,519 shares of the company’s stock in a transaction that took place on Monday, May 6th. The shares were sold at an average price of $163.70, for a total value of $3,850,060.30. Following the completion of the sale, the CEO now owns 10,890 shares of the company’s stock, valued at approximately $1,782,693. The disclosure for this sale can be found here. During the most recent quarter, insiders sold 134,117 shares of the company’s stock, valued at $24,394,943. Company insiders now own 5.20% of the company’s shares.
Elf Beauty Profile
(Free report)
elf Beauty, Inc., together with its subsidiaries, offers cosmetic and skin care products worldwide under the brand names elf Cosmetics, elf Skin, Well People and Keys Soulcare. The company offers eye, lip, face, foot and skin care products. The company sells its products through domestic and international retail and direct-to-consumer channels, including e-commerce platforms, in the United States and primarily through distributors abroad.
read more
Want to see what other hedge funds are holding ELF? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for elf Beauty, Inc. (NYSE:ELF – FREE Report).
Get elf Beauty News and Ratings Daily – Enter your email address below to receive a concise summary of the latest news and analyst ratings on elf Beauty and related companies every day with MarketBeat.com’s free email newsletter.
