Jennison Associates LLC Lowers Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Jennison Associates LLC decreased its holdings in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 490,067 shares of the company's stock after selling 52,988 shares during the quarter. Jennison Associates LLC owned approximately 0.89% of e.l.f. Beauty worth $70,736,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ELF. Telemus Capital LLC bought a new position in shares of e.l.f. Beauty during the fourth quarter valued at approximately $974,000. Robbins Farley increased its position in e.l.f. Beauty by 7.5% in the 4th quarter. Robbins Farley now owns 25,397 shares of the company's stock valued at $3,666,000 after acquiring an additional 1,777 shares during the period. Xponance Inc. increased its position in e.l.f. Beauty by 4.9% in the 4th quarter. Xponance Inc. now owns 3,290 shares of the company's stock valued at $475,000 after acquiring an additional 155 shares during the period. Peterson Wealth Services acquired a new stake in e.l.f. Beauty in the 4th quarter valued at approximately $251,000. Finally, Roman Butler Fullerton & Co. acquired a new stake in e.l.f. Beauty in the 4th quarter valued at approximately $1,294,000. Institutional investors and hedge funds own 92.44% of the company's stock.

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

In other news, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the transaction, the chief executive officer now directly owns 10,889 shares in the company, valued at $2,165,713.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Kory Marchisotto sold 29,408 shares of e.l.f. Beauty stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $166.40, for a total value of $4,893,491.20. Following the transaction, the insider now directly owns 156,969 shares in the company, valued at $26,119,641.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tarang Amin sold 23,519 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total value of $4,677,693.91. Following the transaction, the chief executive officer now owns 10,889 shares in the company, valued at $2,165,713.21. The disclosure for this sale can be found here. Insiders have sold a total of 164,325 shares of company stock worth $28,081,154 over the last three months. Corporate insiders own 5.20% of the company's stock.

e.l.f. Beauty Stock Up 9.6 %

ELF traded up $15.52 during trading on Tuesday, reaching $176.98. 2,510,254 shares of the stock traded hands, compared to its average volume of 1,576,184. e.l.f. Beauty, Inc. has a fifty-two week low of $83.80 and a fifty-two week high of $221.83. The stock's 50-day simple moving average is $186.06 and its two-hundred day simple moving average is $150.06. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 76.50, a price-to-earnings-growth ratio of 1.47 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. The company had revenue of $270.94 million for the quarter, compared to analyst estimates of $239.66 million. As a group, equities research analysts expect that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on ELF shares. Raymond James raised their target price on e.l.f. Beauty from $140.00 to $180.00 and gave the company a "strong-buy" rating in a research report on Monday, January 22nd. DA Davidson reissued a "buy" rating and set a $220.00 price objective on shares of e.l.f. Beauty in a research note on Monday, April 8th. StockNews.com cut e.l.f. Beauty from a "hold" rating to a "sell" rating in a research report on Wednesday, February 7th. Robert W. Baird initiated coverage on e.l.f. Beauty in a research report on Tuesday, January 30th. They issued a "neutral" rating and a $185.00 target price for the company. Finally, TD Cowen raised e.l.f. Beauty from a "hold" rating to a "buy" rating and decreased their target price for the stock from $220.00 to $190.00 in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $184.33.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.