Allspring Global Investments Holdings LLC Has $3.03 Million Position in e.l.f. Beauty (NYSE:ELF)

Allspring Global Investments Holdings LLC reduced its stake in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 89.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 47,083 shares of the company's stock after selling 419,138 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.08% of e.l.f. Beauty worth $3,025,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Arizona State Retirement System lifted its position in e.l.f. Beauty by 0.8% in the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company's stock valued at $2,055,000 after acquiring an additional 128 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of e.l.f. Beauty by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company's stock valued at $2,967,000 after purchasing an additional 140 shares in the last quarter. Horizon Investments LLC boosted its position in shares of e.l.f. Beauty by 29.0% during the fourth quarter. Horizon Investments LLC now owns 742 shares of the company's stock worth $93,000 after buying an additional 167 shares during the period. ProShare Advisors LLC grew its holdings in shares of e.l.f. Beauty by 7.1% during the fourth quarter. ProShare Advisors LLC now owns 2,635 shares of the company's stock worth $331,000 after buying an additional 174 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in e.l.f. Beauty by 1.0% in the 1st quarter. Fifth Third Bancorp now owns 21,751 shares of the company's stock valued at $1,366,000 after acquiring an additional 216 shares in the last quarter. Institutional investors own 92.44% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ELF shares. Robert W. Baird raised their price target on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. UBS Group increased their price target on e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, May 21st. Truist Financial boosted their price target on e.l.f. Beauty from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. DA Davidson decreased their target price on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Finally, Raymond James Financial boosted their target price on shares of e.l.f. Beauty from $95.00 to $105.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 29th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, e.l.f. Beauty has an average rating of "Moderate Buy" and an average price target of $118.88.

Insiders Place Their Bets

In other e.l.f. Beauty news, insider Kory Marchisotto sold 1,496 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $117.61, for a total transaction of $175,944.56. Following the transaction, the insider owned 158,303 shares in the company, valued at $18,618,015.83. This represents a 0.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jennifer Catherine Hartnett sold 9,506 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $116.52, for a total value of $1,107,639.12. Following the completion of the sale, the insider owned 53,903 shares of the company's stock, valued at approximately $6,280,777.56. This trade represents a 14.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 327,207 shares of company stock worth $25,252,926. 3.50% of the stock is currently owned by insiders.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded down $8.60 during trading hours on Monday, hitting $122.38. The company had a trading volume of 2,011,035 shares, compared to its average volume of 2,543,732. e.l.f. Beauty has a one year low of $49.40 and a one year high of $219.77. The firm has a market cap of $6.89 billion, a PE ratio of 63.41, a PEG ratio of 3.10 and a beta of 1.52. The firm has a 50-day moving average of $100.24 and a 200 day moving average of $90.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.05 and a quick ratio of 2.00.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. The company had revenue of $332.65 million for the quarter, compared to analyst estimates of $327.45 million. e.l.f. Beauty had a return on equity of 17.98% and a net margin of 8.53%. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share. On average, sell-side analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current year.

e.l.f. Beauty 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.