e.l.f. Beauty, Inc. (NYSE:ELF) Stock Position Lessened by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 23.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 29,017 shares of the company’s stock after selling 8,928 shares during the period. Hsbc Holdings PLC’s holdings in e.l.f. Beauty were worth $3,648,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of ELF. Baillie Gifford & Co. raised its position in shares of e.l.f. Beauty by 51.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after buying an additional 2,703,742 shares in the last quarter. Vanguard Group Inc. raised its holdings in e.l.f. Beauty by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company’s stock worth $690,174,000 after purchasing an additional 68,103 shares in the last quarter. William Blair Investment Management LLC lifted its position in e.l.f. Beauty by 40.9% in the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock worth $289,437,000 after purchasing an additional 669,321 shares during the period. Champlain Investment Partners LLC boosted its stake in e.l.f. Beauty by 99.7% during the 4th quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company’s stock valued at $279,531,000 after purchasing an additional 1,111,550 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in e.l.f. Beauty by 17.5% during the 4th quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company’s stock valued at $222,541,000 after purchasing an additional 264,296 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

ELF has been the subject of several research analyst reports. Piper Sandler cut their price objective on e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, March 31st. Canaccord Genuity Group cut their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a report on Friday, February 7th. Raymond James lowered their price objective on shares of e.l.f. Beauty from $120.00 to $85.00 and set a “strong-buy” rating on the stock in a research note on Thursday, April 17th. B. Riley reissued a “buy” rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, DA Davidson decreased their price target on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average price target of $117.41.

Insider Activity at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction on Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the sale, the director now owns 1,888 shares of the company’s stock, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joshua Allen Franks sold 51,353 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 114,660 shares in the company, valued at $6,118,257.60. The trade was a 30.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 204,618 shares of company stock valued at $10,974,536. 3.50% of the stock is owned by corporate insiders.

e.l.f. Beauty Stock Up 0.3 %

ELF stock opened at $62.14 on Wednesday. The company has a 50 day moving average of $62.01 and a two-hundred day moving average of $96.91. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 12-month low of $49.40 and a 12-month high of $219.77. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 36.77, a PEG ratio of 6.76 and a beta of 1.41.

e.l.f. Beauty (NYSE:ELF) 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, equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

e.l.f. Beauty Company 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.