Fuller & Thaler Asset Management Inc. Sells 71,379 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Fuller & Thaler Asset Management Inc. reduced its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 560,371 shares of the company's stock after selling 71,379 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 0.99% of e.l.f. Beauty worth $70,355,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of e.l.f. Beauty in the third quarter worth about $25,000. Nemes Rush Group LLC purchased a new position in shares of e.l.f. Beauty in the fourth quarter worth about $27,000. Promus Capital LLC purchased a new position in e.l.f. Beauty during the fourth quarter worth about $31,000. Kestra Investment Management LLC acquired a new stake in shares of e.l.f. Beauty during the fourth quarter valued at about $32,000. Finally, Financial Life Planners purchased a new position in e.l.f. Beauty in the fourth quarter worth approximately $46,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, insider Kory Marchisotto sold 51,350 shares of the firm's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $2,740,036.00. Following the completion of the transaction, the insider now directly owns 152,492 shares in the company, valued at $8,136,973.12. This trade represents a 25.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Joshua Allen Franks sold 51,353 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,196.08. Following the sale, the senior vice president now 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. Insiders sold 204,618 shares of company stock worth $10,974,536 in the last 90 days. 3.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ELF has been the topic of a number of recent research reports. Piper Sandler cut their target price on shares of e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. Raymond James lowered their price target on e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating on the stock in a report on Thursday, April 17th. Truist Financial lowered their price objective on e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. UBS Group lowered their price objective on e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Finally, The Goldman Sachs Group decreased their price target on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $117.41.

e.l.f. Beauty Stock Performance

NYSE:ELF traded down $0.09 during midday trading on Tuesday, reaching $61.90. 289,443 shares of the company traded hands, compared to its average volume of 2,347,042. e.l.f. Beauty, Inc. has a twelve month low of $49.40 and a twelve month high of $219.77. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 36.60, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. 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 company has a fifty day moving average price of $62.19 and a 200 day moving average price of $97.15.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. On average, analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

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.