Man Group plc Decreases Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Man Group plc decreased its holdings in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 95.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Baillie Gifford & Co. grew its stake in shares of e.l.f. Beauty by 51.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock worth $1,005,584,000 after acquiring an additional 2,703,742 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of e.l.f. Beauty by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company's stock worth $690,174,000 after purchasing an additional 68,103 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of e.l.f. Beauty by 40.9% during the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock worth $289,437,000 after purchasing an additional 669,321 shares in the last quarter. Champlain Investment Partners LLC grew its stake in shares of e.l.f. Beauty by 99.7% during the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock worth $279,531,000 after purchasing an additional 1,111,550 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in shares of e.l.f. Beauty by 17.5% during the fourth quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company's stock worth $222,541,000 after purchasing an additional 264,296 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Insider Transactions at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 4,000 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at $127,232.32. The trade was a 67.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tarang Amin sold 97,915 shares of the business's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $5,224,744.40. Following the transaction, the chief executive officer now owns 181,289 shares in the company, valued at approximately $9,673,581.04. This trade represents a 35.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 204,618 shares of company stock worth $10,974,536 over the last ninety days. 3.50% of the stock is currently owned by company insiders.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock traded up $24.41 on Thursday, reaching $114.91. 8,920,657 shares of the stock were exchanged, compared to its average volume of 2,445,697. e.l.f. Beauty, Inc. has a 1-year low of $49.40 and a 1-year high of $219.77. 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 business has a fifty day moving average price of $65.35 and a two-hundred day moving average price of $92.15. The firm has a market capitalization of $6.48 billion, a PE ratio of 68.12, a PEG ratio of 6.76 and a beta of 1.31.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. The business had revenue of $332.65 million for the quarter, compared to analyst estimates of $327.45 million. During the same period in the previous year, the business posted $0.53 earnings per share. The business's revenue was up 3.6% compared to the same quarter last year. As a group, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ELF has been the subject of a number of analyst reports. Canaccord Genuity Group set a $114.00 target price on shares of e.l.f. Beauty in a research note on Thursday. Raymond James reissued a "strong-buy" rating on shares of e.l.f. Beauty in a research report on Thursday, May 22nd. Truist Financial reduced their price target on shares of e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Piper Sandler reissued an "overweight" rating on shares of e.l.f. Beauty in a research report on Thursday. Finally, DA Davidson reduced their price target on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Five 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.com, e.l.f. Beauty currently has a consensus rating of "Moderate Buy" and a consensus target price of $107.41.

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.