e.l.f. Beauty (NYSE:ELF) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. cut its stake in e.l.f. Beauty (NYSE:ELF - Free Report) by 91.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,001 shares of the company's stock after selling 236,232 shares during the quarter. Bessemer Group Inc.'s holdings in e.l.f. Beauty were worth $1,381,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Truist Financial Corp increased its position in shares of e.l.f. Beauty by 1.3% during the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company's stock worth $990,000 after purchasing an additional 102 shares in the last quarter. Arizona State Retirement System increased its position in shares of e.l.f. Beauty by 0.8% during the fourth quarter. Arizona State Retirement System now owns 16,365 shares of the company's stock worth $2,055,000 after purchasing an additional 128 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of e.l.f. Beauty by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company's stock worth $2,967,000 after purchasing an additional 140 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in shares of e.l.f. Beauty by 7.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company's stock worth $262,000 after purchasing an additional 150 shares in the last quarter. Finally, Horizon Investments LLC increased 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 purchasing an additional 167 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 97,915 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 transaction of $5,224,744.40. Following the sale, the chief executive officer now owns 181,289 shares in the company, valued at $9,673,581.04. This represents a 35.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Catherine Hartnett sold 18,383 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $109.99, for a total value of $2,021,946.17. Following the sale, the insider now owns 54,163 shares in the company, valued at approximately $5,957,388.37. This trade represents a 25.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 327,207 shares of company stock worth $25,252,926 in the last quarter. 3.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ELF has been the subject of several analyst reports. Raymond James Financial upped their target price on e.l.f. Beauty from $95.00 to $105.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. JPMorgan Chase & Co. upped their target price on e.l.f. Beauty from $70.00 to $123.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Bank of America upped their target price on e.l.f. Beauty from $113.00 to $135.00 and gave the company a "buy" rating in a report on Friday, June 20th. DA Davidson dropped their target price on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, UBS Group upped their target price on e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $118.88.

e.l.f. Beauty Price Performance

ELF opened at $126.38 on Monday. The stock's 50-day moving average price is $93.15 and its 200 day moving average price is $90.35. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $219.77. The company has a current ratio of 3.05, a quick ratio of 2.00 and a debt-to-equity ratio of 0.34. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 65.48, a PEG ratio of 2.99 and a beta of 1.51.

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, topping the consensus estimate 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 firm had revenue of $332.65 million for the quarter, compared to analyst estimates of $327.45 million. During the same quarter in the prior year, the company earned $0.53 EPS. e.l.f. Beauty's revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current year.

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.

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