Russell Investments Group Ltd. Sells 84,121 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Russell Investments Group Ltd. trimmed its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 53.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,318 shares of the company’s stock after selling 84,121 shares during the quarter. Russell Investments Group Ltd. owned 0.13% of e.l.f. Beauty worth $10,583,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of e.l.f. Beauty by 641.2% during the third quarter. FMR LLC now owns 832,404 shares of the company’s stock valued at $91,423,000 after purchasing an additional 720,098 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of e.l.f. Beauty by 0.3% during the fourth quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock valued at $4,906,000 after purchasing an additional 85 shares in the last quarter. First Dallas Securities Inc. bought a new position in shares of e.l.f. Beauty during the third quarter valued at $3,569,000. Roman Butler Fullerton & Co. bought a new position in shares of e.l.f. Beauty during the fourth quarter valued at $1,294,000. Finally, William Blair Investment Management LLC lifted its holdings in shares of e.l.f. Beauty by 58.2% during the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock valued at $156,427,000 after purchasing an additional 523,903 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock opened at $160.12 on Monday. The stock has a 50 day moving average of $185.12 and a 200 day moving average of $154.25. e.l.f. Beauty, Inc. has a 12 month low of $83.80 and a 12 month high of $221.83. The firm has a market cap of $8.89 billion, a PE ratio of 70.85, a PEG ratio of 1.50 and a beta of 1.60. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27.

e.l.f. Beauty (NYSE:ELF) last posted 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 return on equity of 28.98% and a net margin of 14.53%. The business had revenue of $270.94 million during the quarter, compared to analyst estimates of $239.66 million. On average, research analysts expect that e.l.f. Beauty, Inc. will post 2.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ELF shares. Bank of America upped their price target 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. Morgan Stanley upped 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. Robert W. Baird assumed coverage on e.l.f. Beauty in a research report on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price objective for the company. StockNews.com cut e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Finally, Raymond James upped their price objective 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.33.

Insiders Place Their Bets

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 727 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the completion of the transaction, the senior vice president now owns 83,736 shares of the company’s stock, valued at $13,829,837.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Kory Marchisotto sold 29,408 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 transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joshua Allen Franks sold 727 shares of the company’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 sale, the senior vice president now directly owns 83,736 shares of the company’s stock, valued at approximately $13,829,837.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 178,081 shares of company stock worth $30,457,064. Company insiders own 5.20% of the company’s stock.

e.l.f. Beauty 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.