abrdn plc Sells 111,891 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

abrdn plc decreased its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 40.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 163,940 shares of the company's stock after selling 111,891 shares during the period. abrdn plc owned about 0.30% of e.l.f. Beauty worth $23,663,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of ELF. IFP Advisors Inc lifted its holdings in e.l.f. Beauty by 98.1% in the third quarter. IFP Advisors Inc now owns 626 shares of the company's stock worth $69,000 after acquiring an additional 310 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in e.l.f. Beauty by 1.8% in the third quarter. State of Alaska Department of Revenue now owns 33,908 shares of the company's stock worth $3,724,000 after acquiring an additional 594 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of e.l.f. Beauty by 75.5% during the third quarter. Private Trust Co. NA now owns 437 shares of the company's stock valued at $48,000 after buying an additional 188 shares during the last quarter. Cavalier Investments LLC raised its holdings in shares of e.l.f. Beauty by 3.6% during the third quarter. Cavalier Investments LLC now owns 9,840 shares of the company's stock valued at $1,081,000 after buying an additional 345 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of e.l.f. Beauty by 40.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 16,467 shares of the company's stock valued at $1,809,000 after buying an additional 4,731 shares during the last quarter. Institutional investors own 92.44% of the company's stock.

Insider Buying and Selling

In related news, CEO Tarang Amin sold 6,832 shares of e.l.f. Beauty stock in a transaction on Friday, April 5th. The shares were sold at an average price of $162.63, for a total value of $1,111,088.16. Following the transaction, the chief executive officer now owns 228,175 shares in the company, valued at approximately $37,108,100.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Joshua Allen Franks sold 727 shares of the business's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $165.16, for a total transaction of $120,071.32. Following the transaction, the senior vice president now owns 83,736 shares in the company, valued at approximately $13,829,837.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Tarang Amin sold 6,832 shares of the business's stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $162.63, for a total transaction of $1,111,088.16. Following the transaction, the chief executive officer now owns 228,175 shares in the company, valued at approximately $37,108,100.25. The disclosure for this sale can be found here. Insiders have sold 164,325 shares of company stock worth $28,081,154 in the last quarter. 5.20% of the stock is currently owned by company insiders.

e.l.f. Beauty Stock Up 0.0 %

Shares of NYSE:ELF traded up $0.04 during trading on Wednesday, reaching $177.03. 2,515,679 shares of the company traded hands, compared to its average volume of 1,588,077. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27. e.l.f. Beauty, Inc. has a 1-year low of $83.80 and a 1-year high of $221.83. The firm has a fifty day simple moving average of $186.24 and a 200 day simple moving average of $150.60. The firm has a market cap of $9.83 billion, a P/E ratio of 78.31, a price-to-earnings-growth ratio of 1.52 and a beta of 1.57.

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

Wall Street Analysts Forecast Growth

ELF has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on e.l.f. Beauty from $130.00 to $175.00 and gave the company an "overweight" rating in a report on Thursday, January 18th. Morgan Stanley lifted their price target on e.l.f. Beauty from $168.00 to $184.00 and gave the company an "equal weight" rating in a report on Wednesday, February 7th. Stifel Nicolaus lifted their price target on e.l.f. Beauty from $141.00 to $167.00 and gave the company a "hold" rating in a report on Wednesday, February 7th. Raymond James lifted their price target on e.l.f. Beauty from $140.00 to $180.00 and gave the company a "strong-buy" rating in a report on Monday, January 22nd. Finally, Bank of America raised their price objective on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, three have issued 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.