Ameriprise Financial Inc. Has $46.21 Million Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Ameriprise Financial Inc. lessened its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 32.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 368,088 shares of the company's stock after selling 178,058 shares during the period. Ameriprise Financial Inc. owned approximately 0.65% of e.l.f. Beauty worth $46,213,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new position in shares of e.l.f. Beauty in the 3rd quarter valued at approximately $25,000. Nemes Rush Group LLC bought a new stake in shares of e.l.f. Beauty during the fourth quarter worth $27,000. Promus Capital LLC acquired a new stake in shares of e.l.f. Beauty during the fourth quarter worth $31,000. Kestra Investment Management LLC acquired a new position in e.l.f. Beauty in the 4th quarter worth $32,000. Finally, Financial Life Planners acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 92.44% of the company's stock.

e.l.f. Beauty Stock Performance

ELF traded up $4.28 during trading hours on Tuesday, reaching $78.35. The company's stock had a trading volume of 3,447,488 shares, compared to its average volume of 2,401,674. The company's 50-day moving average is $61.55 and its 200-day moving average is $94.18. e.l.f. Beauty, Inc. has a 52 week low of $49.40 and a 52 week high of $219.77. The firm has a market cap of $4.42 billion, a PE ratio of 46.36, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90.

Insider Buying and Selling at e.l.f. Beauty

In other news, SVP Joshua Allen Franks sold 51,353 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,196.08. Following the transaction, the senior vice president now owns 114,660 shares in the company, valued at approximately $6,118,257.60. This trade represents a 30.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the sale, the director now directly owns 1,888 shares of the company's stock, valued at approximately $127,232.32. The trade was a 67.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 204,618 shares of company stock worth $10,974,536 over the last ninety days. Insiders own 3.50% of the company's stock.

Wall Street Analysts Forecast Growth

ELF has been the subject of a number of research reports. DA Davidson decreased their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Stifel Nicolaus lowered their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a report on Monday, February 3rd. The Goldman Sachs Group reduced their target price on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a report on Friday, February 21st. Truist Financial lowered their price target on shares of e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. cut their price target on shares of e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $116.88.

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.