MassMutual Private Wealth & Trust FSB Trims Position in e.l.f. Beauty, Inc. (NYSE:ELF)

MassMutual Private Wealth & Trust FSB decreased its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 6.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,145 shares of the company's stock after selling 2,243 shares during the quarter. MassMutual Private Wealth & Trust FSB owned 0.05% of e.l.f. Beauty worth $1,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of ELF. Baillie Gifford & Co. lifted its position in shares of e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock worth $1,005,584,000 after purchasing an additional 2,703,742 shares during the period. Champlain Investment Partners LLC raised its position in e.l.f. Beauty by 99.7% during the 4th quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock worth $279,531,000 after buying an additional 1,111,550 shares during the last quarter. William Blair Investment Management LLC lifted its position in 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 valued at $289,437,000 after purchasing an additional 669,321 shares during the period. Aspex Management HK Ltd purchased a new stake in shares of e.l.f. Beauty in the fourth quarter worth about $73,576,000. Finally, Raymond James Financial Inc. purchased a new stake in e.l.f. Beauty in the 4th quarter worth approximately $68,775,000. Institutional investors own 92.44% of the company's stock.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, 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 completion of the transaction, the insider now owns 54,163 shares of the company's stock, valued at $5,957,388.37. This represents a 25.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tarang Amin sold 97,915 shares of the company's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $5,224,744.40. Following the completion of the sale, the chief executive officer now owns 181,289 shares in the company, valued at $9,673,581.04. The trade was 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 223,001 shares of company stock valued at $12,996,483 over the last 90 days. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Stock Up 0.7%

NYSE:ELF traded up $0.77 during trading hours on Friday, reaching $112.61. The company's stock had a trading volume of 5,858,897 shares, compared to its average volume of 2,501,977. e.l.f. Beauty, Inc. has a one year low of $49.40 and a one year high of $219.77. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 66.63, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The business's 50-day moving average is $67.23 and its 200-day moving average is $91.87.

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

Wall Street Analyst Weigh In

ELF has been the subject of a number of research reports. Raymond James boosted their target price on shares of e.l.f. Beauty from $95.00 to $105.00 and gave the stock a "strong-buy" rating in a research note on Thursday. Morgan Stanley upped their price target on e.l.f. Beauty from $70.00 to $105.00 and gave the company an "equal weight" rating in a research note on Thursday. JPMorgan Chase & Co. upped their price target on e.l.f. Beauty from $70.00 to $123.00 and gave the stock an "overweight" rating in a research note on Friday. Robert W. Baird lifted their price objective on shares of e.l.f. Beauty from $85.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, May 14th. Finally, Canaccord Genuity Group set a $114.00 price target on e.l.f. Beauty in a research report on Thursday. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $117.76.

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.