Hsbc Holdings PLC Cuts Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Hsbc Holdings PLC cut its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,017 shares of the company's stock after selling 8,928 shares during the period. Hsbc Holdings PLC owned 0.05% of e.l.f. Beauty worth $3,648,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings in e.l.f. Beauty by 149.8% during the 4th quarter. Principal Financial Group Inc. now owns 328,557 shares of the company's stock worth $41,250,000 after buying an additional 197,028 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of e.l.f. Beauty by 441.0% during the 4th quarter. Global Retirement Partners LLC now owns 8,283 shares of the company's stock valued at $1,040,000 after acquiring an additional 6,752 shares during the last quarter. Robbins Farley lifted its stake in e.l.f. Beauty by 27.1% in the fourth quarter. Robbins Farley now owns 34,396 shares of the company's stock valued at $4,318,000 after buying an additional 7,335 shares during the period. Pacer Advisors Inc. boosted its stake in e.l.f. Beauty by 43.4% during the 4th quarter. Pacer Advisors Inc. now owns 11,802 shares of the company's stock worth $1,482,000 after acquiring an additional 3,572 shares during the last quarter. Finally, Ibex Wealth Advisors bought a new position in shares of e.l.f. Beauty during the fourth quarter worth $5,519,000. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Trading Up 9.6 %

Shares of ELF stock traded up $5.99 during trading hours on Friday, hitting $68.24. 2,585,100 shares of the company's stock traded hands, compared to its average volume of 2,359,302. 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. The stock has a market cap of $3.85 billion, a PE ratio of 40.38, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. The stock's 50 day simple moving average is $61.49 and its 200 day simple moving average is $96.30.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ELF. JPMorgan Chase & Co. reduced their price target on shares of e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating for the company in a report on Friday, April 11th. B. Riley reissued a "buy" rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Stifel Nicolaus decreased their target price on e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Monday, February 3rd. UBS Group cut their price objective on shares of e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Finally, The Goldman Sachs Group cut their target price on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.88.

Insider Transactions at e.l.f. Beauty

In other news, SVP Joshua Allen Franks sold 51,353 shares of the business'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 transaction of $2,740,196.08. Following the completion of the sale, the senior vice president now owns 114,660 shares in the company, valued at $6,118,257.60. The trade was a 30.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction on Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 204,618 shares of company stock valued at $10,974,536. Corporate insiders own 3.50% of the company's stock.

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.