e.l.f. Beauty (NYSE:ELF) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 89.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,083 shares of the company's stock after selling 419,138 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.08% of e.l.f. Beauty worth $3,025,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System grew 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 buying an additional 128 shares during the last quarter. Treasurer of the State of North Carolina grew its position in e.l.f. Beauty by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company's stock valued at $2,967,000 after buying an additional 140 shares during the last quarter. Horizon Investments LLC grew its position in e.l.f. Beauty by 29.0% in the 4th quarter. Horizon Investments LLC now owns 742 shares of the company's stock valued at $93,000 after buying an additional 167 shares during the last quarter. ProShare Advisors LLC grew its position in e.l.f. Beauty by 7.1% in the 4th quarter. ProShare Advisors LLC now owns 2,635 shares of the company's stock valued at $331,000 after buying an additional 174 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in e.l.f. Beauty by 1.0% during the first quarter. Fifth Third Bancorp now owns 21,751 shares of the company's stock worth $1,366,000 after acquiring an additional 216 shares during the period. Hedge funds and other institutional investors own 92.44% of the company's stock.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 2,405 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $117.61, for a total value of $282,852.05. Following the completion of the sale, the chief executive officer owned 186,586 shares in the company, valued at approximately $21,944,379.46. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott Milsten sold 1,442 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $114.78, for a total value of $165,512.76. Following the completion of the sale, the insider owned 117,394 shares of the company's stock, valued at approximately $13,474,483.32. This trade represents a 1.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 327,207 shares of company stock valued at $25,252,926. Company insiders own 3.50% of the company's stock.

e.l.f. Beauty Trading Down 1.8%

NYSE ELF traded down $2.16 during trading hours on Thursday, hitting $115.50. 2,219,870 shares of the company's stock were exchanged, compared to its average volume of 2,554,987. The business's 50 day moving average is $103.67 and its 200-day moving average is $90.48. The firm has a market capitalization of $6.51 billion, a P/E ratio of 59.84, a price-to-earnings-growth ratio of 2.77 and a beta of 1.52. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.00 and a current ratio of 3.05. e.l.f. Beauty 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 posted its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. e.l.f. Beauty had a return on equity of 17.98% and a net margin of 8.53%. The business had revenue of $332.65 million during the quarter, compared to analyst estimates of $327.45 million. During the same quarter last year, the firm earned $0.53 earnings per share. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Robert W. Baird upped their price objective on e.l.f. Beauty from $110.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Bank of America upped their price objective on e.l.f. Beauty from $113.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, June 20th. UBS Group upped their price objective on e.l.f. Beauty from $59.00 to $84.00 and gave the stock a "neutral" rating in a report on Wednesday, May 21st. Raymond James Financial upped their price objective on 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. Finally, Canaccord Genuity Group upped their target price on e.l.f. Beauty from $114.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $121.13.

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.