e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Man Group plc

Man Group plc trimmed its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 95.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,835 shares of the company's stock after selling 187,089 shares during the period. Man Group plc's holdings in e.l.f. Beauty were worth $1,109,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Nemes Rush Group LLC purchased a new stake in e.l.f. Beauty in the fourth quarter valued at approximately $27,000. Promus Capital LLC purchased a new stake in shares of e.l.f. Beauty in the 4th quarter valued at $31,000. Kestra Investment Management LLC purchased a new stake in shares of e.l.f. Beauty in the 4th quarter valued at $32,000. Financial Life Planners acquired a new position in e.l.f. Beauty during the 4th quarter worth about $46,000. Finally, Wilmington Savings Fund Society FSB boosted its holdings in e.l.f. Beauty by 84.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company's stock valued at $54,000 after acquiring an additional 197 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Up 9.5%

ELF stock traded up $8.01 during trading on Tuesday, hitting $91.94. 4,322,409 shares of the company's stock were exchanged, compared to its average volume of 2,398,644. The business has a 50-day moving average price of $64.21 and a two-hundred day moving average price of $92.17. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 54.40, a PEG ratio of 6.76 and a beta of 1.31. e.l.f. Beauty, Inc. has a 52-week low of $49.40 and a 52-week high of $219.77.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Bank of America boosted their price target on shares of e.l.f. Beauty from $80.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Raymond James reaffirmed a "strong-buy" rating on shares of e.l.f. Beauty in a research report on Thursday, May 22nd. JPMorgan Chase & Co. decreased their target price on 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. Finally, Morgan Stanley restated an "equal weight" rating and set a $70.00 price target (down previously from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, e.l.f. Beauty currently has an average rating of "Moderate Buy" and a consensus target price of $110.41.

Insiders Place Their Bets

In related news, SVP Joshua Allen Franks sold 51,353 shares of the company's stock in a transaction dated 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 sale, the senior vice president now directly owns 114,660 shares of the company's stock, valued at $6,118,257.60. This represents a 30.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tarang Amin sold 97,915 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 $5,224,744.40. Following the transaction, the chief executive officer now directly owns 181,289 shares in the company, valued at approximately $9,673,581.04. This trade represents a 35.07% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 204,618 shares of company stock valued at $10,974,536. 3.50% of the stock is owned by corporate insiders.

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.