e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,400 shares of the company's stock after selling 11,200 shares during the period. Swiss National Bank owned approximately 0.20% of e.l.f. Beauty worth $15,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of ELF. Armstrong Advisory Group Inc. raised its holdings in e.l.f. Beauty by 390.2% in the 4th quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company's stock worth $29,000 after purchasing an additional 160 shares during the period. GPS Wealth Strategies Group LLC boosted its position in shares of e.l.f. Beauty by 66.4% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company's stock worth $35,000 after purchasing an additional 97 shares during the period. GAMMA Investing LLC purchased a new stake in shares of e.l.f. Beauty in the fourth quarter worth $42,000. Avior Wealth Management LLC raised its position in shares of e.l.f. Beauty by 3,600.0% during the 4th quarter. Avior Wealth Management LLC now owns 370 shares of the company's stock valued at $53,000 after purchasing an additional 360 shares during the period. Finally, Rakuten Securities Inc. bought a new position in e.l.f. Beauty in the 4th quarter worth $56,000. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Trading Down 3.8 %

NYSE ELF traded down $6.52 on Friday, hitting $163.91. 1,064,132 shares of the stock were exchanged, compared to its average volume of 1,548,637. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. e.l.f. Beauty, Inc. has a 52-week low of $83.80 and a 52-week high of $221.83. The firm has a market capitalization of $9.10 billion, a P/E ratio of 75.42, a P/E/G ratio of 1.50 and a beta of 1.60. The stock has a fifty day moving average price of $182.03 and a two-hundred day moving average price of $155.26.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.11. The firm had revenue of $270.94 million during the quarter, compared to analysts' expectations of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. Research analysts forecast that e.l.f. Beauty, Inc. will post 2.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on ELF. Stifel Nicolaus raised 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. JPMorgan Chase & Co. lifted their price objective on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the company an "overweight" rating in a research report on Thursday, January 18th. Piper Sandler upped their target price on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 9th. Bank of America lifted their price target on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Finally, Morgan Stanley raised their price objective on e.l.f. Beauty from $168.00 to $184.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, e.l.f. Beauty has an average rating of "Moderate Buy" and a consensus target price of $184.33.

Insider Activity

In related news, CEO Tarang Amin sold 23,519 shares of the business's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the completion of the transaction, the chief executive officer now owns 10,889 shares in the company, valued at approximately $2,165,713.21. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the company'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 directly owns 10,889 shares in the company, valued at approximately $2,165,713.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joshua Allen Franks sold 12,506 shares of the firm's stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $172.50, for a total transaction of $2,157,285.00. Following the transaction, the senior vice president now directly owns 86,237 shares in the company, valued at $14,875,882.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 201,600 shares of company stock valued at $34,307,124. 5.20% of the stock is currently owned by insiders.

About e.l.f. Beauty

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.