abrdn plc Has $23.66 Million Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

abrdn plc lessened its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 40.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 163,940 shares of the company’s stock after selling 111,891 shares during the quarter. abrdn plc owned 0.30% of e.l.f. Beauty worth $23,663,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on ELF shares. Bank of America raised their price objective on e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Stifel Nicolaus raised their price objective 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. TD Cowen raised e.l.f. Beauty from a “hold” rating to a “buy” rating and cut their price objective for the company from $220.00 to $190.00 in a report on Wednesday, April 17th. 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 report on Wednesday, February 7th. Finally, Truist Financial lifted their target price on e.l.f. Beauty from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $184.33.

e.l.f. Beauty Stock Performance

ELF stock opened at $176.98 on Wednesday. The stock has a 50-day moving average price of $186.24 and a 200-day moving average price of $150.60. e.l.f. Beauty, Inc. has a 1-year low of $83.80 and a 1-year high of $221.83. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The firm has a market cap of $9.82 billion, a PE ratio of 78.31, a price-to-earnings-growth ratio of 1.47 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, topping 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 firm had revenue of $270.94 million during 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 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,519 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 10,889 shares of the company’s stock, valued at approximately $2,165,713.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Tarang Amin sold 23,519 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 10,889 shares of the company’s stock, valued at approximately $2,165,713.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joshua Allen Franks sold 29,388 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $166.40, for a total value of $4,890,163.20. Following the completion of the sale, the senior vice president now directly owns 108,748 shares of the company’s stock, valued at $18,095,667.20. The disclosure for this sale can be found here. Insiders sold 164,325 shares of company stock valued at $28,081,154 in the last three months. Corporate insiders own 5.20% of the company’s stock.

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.