Nuveen Asset Management LLC Has $24.31 Million Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Nuveen Asset Management LLC lowered its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 193,656 shares of the company's stock after selling 51,576 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.34% of e.l.f. Beauty worth $24,314,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC lifted its stake in shares of e.l.f. Beauty by 3.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company's stock worth $361,000 after buying an additional 91 shares during the last quarter. Truist Financial Corp boosted its position in shares of e.l.f. Beauty by 1.3% in the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company's stock valued at $990,000 after acquiring an additional 102 shares during the period. Arizona State Retirement System boosted its holdings in e.l.f. Beauty by 0.8% in the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company's stock valued at $2,055,000 after purchasing an additional 128 shares during the period. Treasurer of the State of North Carolina raised its position in shares of e.l.f. Beauty by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company's stock valued at $2,967,000 after buying an additional 140 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its stake in e.l.f. Beauty by 7.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company's stock worth $262,000 after acquiring an additional 150 shares during the period. Institutional investors own 92.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ELF. Robert W. Baird upped their price objective on shares of e.l.f. Beauty from $85.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. Raymond James reiterated a "strong-buy" rating on shares of e.l.f. Beauty in a research report on Thursday, May 22nd. Morgan Stanley reissued an "equal weight" rating and issued a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. UBS Group raised 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. Finally, Piper Sandler lowered their price target on e.l.f. Beauty from $90.00 to $81.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Five research 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 company. Based on data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.41.

e.l.f. Beauty Trading Up 0.1%

NYSE ELF traded up $0.09 during trading hours on Wednesday, reaching $91.81. The company's stock had a trading volume of 1,039,547 shares, compared to its average volume of 2,789,239. The firm has a fifty day simple moving average of $64.80 and a 200-day simple moving average of $92.17. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. e.l.f. Beauty, Inc. has a 52 week low of $49.40 and a 52 week high of $219.77. The stock has a market cap of $5.18 billion, a P/E ratio of 54.33, a P/E/G ratio of 6.76 and a beta of 1.31.

Insider Buying and Selling at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the sale, the director now directly owns 1,888 shares in the company, valued at $127,232.32. This represents a 67.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Joshua Allen Franks sold 51,353 shares of the firm's stock in a transaction on 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 transaction, the senior vice president now directly owns 114,660 shares of the company's stock, valued at approximately $6,118,257.60. This represents a 30.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 204,618 shares of company stock worth $10,974,536. 3.50% of the stock is currently owned by company insiders.

e.l.f. Beauty 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.