Vanguard Group Inc. Has $336.61 Million Stake in e.l.f. Beauty $ELF

Key Points

• Vanguard Group Inc. has reduced its stake in e.l.f. Beauty by 2.5%, now holding approximately 9.51% of the company, valued at around $336.61 million.
• e.l.f. Beauty's shares opened at $116.58, showing a significant price fluctuation with a 12-month low of $49.40 and a high of $172.49.
• The company recently reported an EPS of $0.89 for the quarter, exceeding analyst expectations, with a year-over-year revenue growth of 9.0%.

Vanguard Group Inc. trimmed its holdings in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,360,871 shares of the company's stock after selling 136,337 shares during the period. Vanguard Group Inc. owned 9.51% of e.l.f. Beauty worth $336,609,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Rockefeller Capital Management L.P. acquired a new position in e.l.f. Beauty during the fourth quarter valued at approximately $1,465,000. CreativeOne Wealth LLC acquired a new position in e.l.f. Beauty during the fourth quarter valued at approximately $264,000. Formula Growth Ltd. acquired a new position in e.l.f. Beauty during the fourth quarter valued at approximately $628,000. Dimensional Fund Advisors LP grew its holdings in e.l.f. Beauty by 9.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 456,433 shares of the company's stock valued at $57,310,000 after purchasing an additional 39,549 shares during the period. Finally, Capital World Investors grew its holdings in e.l.f. Beauty by 294.9% during the fourth quarter. Capital World Investors now owns 418,852 shares of the company's stock valued at $52,587,000 after purchasing an additional 312,776 shares during the period. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Stock Down 0.7%

Shares of ELF stock traded down $0.80 during trading on Wednesday, reaching $119.03. The company's stock had a trading volume of 750,555 shares, compared to its average volume of 2,693,330. The business has a fifty day moving average price of $119.00 and a 200-day moving average price of $88.69. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 70.03, a price-to-earnings-growth ratio of 3.06 and a beta of 1.57. e.l.f. Beauty has a one year low of $49.40 and a one year high of $172.49.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The business had revenue of $353.74 million for the quarter, compared to analyst estimates of $348.99 million. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Analysts anticipate that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Insider Activity

In other e.l.f. Beauty news, CEO Tarang Amin sold 2,405 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $117.61, for a total transaction of $282,852.05. Following the sale, the chief executive officer directly owned 186,586 shares of the company's stock, valued at approximately $21,944,379.46. This represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kory Marchisotto sold 1,496 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $117.61, for a total transaction of $175,944.56. Following the sale, the insider directly owned 158,303 shares in the company, valued at $18,618,015.83. This trade represents a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 131,219 shares of company stock valued at $15,098,642. 3.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ELF shares. The Goldman Sachs Group boosted their price objective on shares of e.l.f. Beauty from $120.00 to $137.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Morgan Stanley upgraded shares of e.l.f. Beauty from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $114.00 to $134.00 in a report on Monday, August 11th. Piper Sandler restated an "overweight" rating and set a $109.00 price objective (up previously from $81.00) on shares of e.l.f. Beauty in a report on Thursday, May 29th. Truist Financial boosted their price objective on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the company a "buy" rating in a report on Friday, June 6th. Finally, Canaccord Genuity Group reduced their price target on shares of e.l.f. Beauty from $150.00 to $128.00 and set a "buy" rating for the company in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $123.81.

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.