Hsbc Holdings PLC lowered its position in e.l.f. Beauty (NYSE:ELF - Free Report) by 56.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,715 shares of the company's stock after selling 16,302 shares during the period. Hsbc Holdings PLC's holdings in e.l.f. Beauty were worth $813,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group lifted its stake in e.l.f. Beauty by 6,242.9% during the 1st quarter. Brooklyn Investment Group now owns 888 shares of the company's stock valued at $56,000 after acquiring an additional 874 shares during the period. Freestone Capital Holdings LLC purchased a new position in shares of e.l.f. Beauty in the first quarter valued at approximately $325,000. Alliance Wealth Advisors LLC UT raised its holdings in e.l.f. Beauty by 56.1% during the first quarter. Alliance Wealth Advisors LLC UT now owns 10,487 shares of the company's stock worth $658,000 after purchasing an additional 3,770 shares in the last quarter. Aberdeen Group plc raised its holdings in e.l.f. Beauty by 1.5% during the first quarter. Aberdeen Group plc now owns 150,462 shares of the company's stock worth $9,448,000 after purchasing an additional 2,226 shares in the last quarter. Finally, Sit Investment Associates Inc. acquired a new position in shares of e.l.f. Beauty in the 1st quarter valued at $769,000. Hedge funds and other institutional investors own 92.44% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. UBS Group cut their target price on shares of e.l.f. Beauty from $120.00 to $112.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Bank of America lifted their price objective on shares of e.l.f. Beauty from $113.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Jefferies Financial Group set a $115.00 price objective on shares of e.l.f. Beauty and gave the company a "buy" rating in a research report on Thursday, May 29th. Morgan Stanley upgraded shares of e.l.f. Beauty from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $114.00 to $134.00 in a research report on Monday, August 11th. Finally, Truist Financial boosted their target price on shares of 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. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $124.25.
Get Our Latest Report on ELF
Insider Buying and Selling at e.l.f. Beauty
In other news, SVP Joshua Allen Franks sold 1,496 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $117.61, for a total transaction of $175,944.56. Following the completion of the sale, the senior vice president owned 120,471 shares in the company, valued at approximately $14,168,594.31. The trade was a 1.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott Milsten sold 1,442 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $114.78, for a total value of $165,512.76. Following the sale, the insider owned 117,394 shares of the company's stock, valued at $13,474,483.32. The trade was a 1.21% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 108,961 shares of company stock worth $12,631,070. Company insiders own 3.90% of the company's stock.
e.l.f. Beauty Trading Up 0.4%
Shares of NYSE ELF traded up $0.51 on Tuesday, reaching $125.51. 1,985,336 shares of the company traded hands, compared to its average volume of 2,510,552. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $147.45. The company has a 50 day moving average of $118.48 and a 200 day moving average of $91.55. The company has a current ratio of 3.26, a quick ratio of 2.34 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $7.45 billion, a PE ratio of 73.83, a P/E/G ratio of 3.08 and a beta of 1.59.
e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. The company had revenue of $353.74 million during the quarter, compared to the consensus estimate of $348.99 million. During the same quarter in the prior year, the company posted $1.10 EPS. The company's quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.
e.l.f. Beauty Company Profile
(
Free Report)
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.
Further Reading
Before you consider e.l.f. Beauty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and e.l.f. Beauty wasn't on the list.
While e.l.f. Beauty currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
