BI Asset Management Fondsmaeglerselskab A S Reduces Position in e.l.f. Beauty, Inc. (NYSE:ELF)

BI Asset Management Fondsmaeglerselskab A S lessened its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 75.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,826 shares of the company's stock after selling 20,502 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in e.l.f. Beauty were worth $857,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Baillie Gifford & Co. grew its holdings in shares of e.l.f. Beauty by 51.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock worth $1,005,584,000 after acquiring an additional 2,703,742 shares during the period. Vanguard Group Inc. grew its stake in shares of e.l.f. Beauty by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company's stock valued at $690,174,000 after purchasing an additional 68,103 shares during the period. William Blair Investment Management LLC increased its position in shares of e.l.f. Beauty by 40.9% during the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock valued at $289,437,000 after purchasing an additional 669,321 shares during the last quarter. Champlain Investment Partners LLC lifted its stake in shares of e.l.f. Beauty by 99.7% in the 4th quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock worth $279,531,000 after purchasing an additional 1,111,550 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in shares of e.l.f. Beauty by 17.5% in the fourth quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company's stock worth $222,541,000 after buying an additional 264,296 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Price Performance

ELF stock traded down $0.05 during mid-day trading on Tuesday, hitting $61.93. The company had a trading volume of 234,287 shares, compared to its average volume of 2,346,704. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 36.56, a P/E/G ratio of 6.76 and a beta of 1.41. The company has a 50-day moving average price of $62.19 and a 200 day moving average price of $97.15. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 12-month low of $49.40 and a 12-month high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. On average, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on ELF. Morgan Stanley reaffirmed an "equal weight" rating and set a $70.00 target price (down from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. DA Davidson decreased their target price on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. UBS Group reduced their price target on e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Stifel Nicolaus cut their price objective on e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating for the company in a research note on Monday, February 3rd. Finally, Piper Sandler decreased their target price on shares of e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $117.41.

Insider Buying and Selling

In other news, CEO Tarang Amin sold 97,915 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $5,224,744.40. Following the completion of the sale, the chief executive officer now directly owns 181,289 shares of the company's stock, valued at $9,673,581.04. This trade represents a 35.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Joshua Allen Franks sold 51,353 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $2,740,196.08. Following the completion of the transaction, the senior vice president now owns 114,660 shares of the company's stock, valued at approximately $6,118,257.60. This trade represents a 30.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 204,618 shares of company stock worth $10,974,536. Insiders own 3.50% of the company's stock.

About e.l.f. Beauty

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.