Allianz Asset Management GmbH Sells 4,218 Shares of e.l.f. Beauty $ELF

Key Points

• Allianz Asset Management GmbH reduced its stake in e.l.f. Beauty by 18.3%, selling 4,218 shares, and now holds 18,860 shares valued at approximately $2.35 million.
• Institutional investors own 92.44% of e.l.f. Beauty stock, with notable increases in holdings from firms like Champlain Investment Partners and Prime Capital Management during the first quarter.
• e.l.f. Beauty's stock price was down 1.7%, with a current market cap of $7.29 billion and anticipated earnings per share of 2.38 for the fiscal year.

Allianz Asset Management GmbH trimmed its stake in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 18.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,860 shares of the company's stock after selling 4,218 shares during the quarter. Allianz Asset Management GmbH's holdings in e.l.f. Beauty were worth $2,347,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ELF. Champlain Investment Partners LLC lifted its holdings in shares of e.l.f. Beauty by 19.7% during the first quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company's stock worth $167,337,000 after buying an additional 438,575 shares in the last quarter. Prime Capital Management Co Ltd lifted its holdings in shares of e.l.f. Beauty by 167.8% during the first quarter. Prime Capital Management Co Ltd now owns 604,535 shares of the company's stock worth $37,959,000 after buying an additional 378,826 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of e.l.f. Beauty by 68.0% during the first quarter. Mackenzie Financial Corp now owns 862,671 shares of the company's stock worth $54,167,000 after buying an additional 349,024 shares in the last quarter. Swedbank AB lifted its holdings in shares of e.l.f. Beauty by 42.6% during the first quarter. Swedbank AB now owns 1,157,760 shares of the company's stock worth $72,696,000 after buying an additional 345,760 shares in the last quarter. Finally, Aberdeen Group plc lifted its holdings in shares of e.l.f. Beauty by 152.3% during the second quarter. Aberdeen Group plc now owns 379,658 shares of the company's stock worth $47,245,000 after buying an additional 229,196 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 116,315 shares of e.l.f. Beauty stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $132.24, for a total value of $15,381,495.60. Following the transaction, the chief executive officer owned 81,818 shares in the company, valued at $10,819,612.32. The trade was a 58.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Joshua Allen Franks sold 7,913 shares of e.l.f. Beauty stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $145.00, for a total value of $1,147,385.00. Following the completion of the transaction, the senior vice president owned 99,369 shares in the company, valued at approximately $14,408,505. This represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 301,060 shares of company stock valued at $40,994,733. Company insiders own 3.90% of the company's stock.

e.l.f. Beauty Stock Down 1.7%

ELF stock opened at $122.84 on Friday. The company has a market cap of $7.29 billion, a PE ratio of 72.26, a price-to-earnings-growth ratio of 2.91 and a beta of 1.57. The business has a 50-day simple moving average of $131.82 and a 200 day simple moving average of $109.44. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $150.99. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The business had revenue of $353.74 million during the quarter, compared to the consensus estimate of $348.99 million. During the same quarter in the previous year, the firm earned $1.10 earnings per share. e.l.f. Beauty's revenue for the quarter was up 9.0% compared to the same quarter last year. Sell-side analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ELF. Weiss Ratings reissued a "hold (c)" rating on shares of e.l.f. Beauty in a report on Friday. Bank of America lifted their target price on e.l.f. Beauty from $135.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft downgraded e.l.f. Beauty from a "buy" rating to a "hold" rating and lifted their target price for the stock from $121.00 to $128.00 in a report on Tuesday, September 2nd. The Goldman Sachs Group lifted their target price on e.l.f. Beauty from $137.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $165.00 price target on shares of e.l.f. Beauty in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $142.73.

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.

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