Allspring Global Investments Holdings LLC Lowers Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 36.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 466,221 shares of the company’s stock after selling 264,156 shares during the period. Allspring Global Investments Holdings LLC’s holdings in e.l.f. Beauty were worth $57,434,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Baillie Gifford & Co. lifted its holdings in shares of e.l.f. Beauty by 39.5% during the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after purchasing an additional 1,501,151 shares during the last quarter. State Street Corp lifted its holdings in shares of e.l.f. Beauty by 3.7% during the third quarter. State Street Corp now owns 1,665,203 shares of the company’s stock valued at $181,557,000 after purchasing an additional 59,248 shares during the last quarter. FMR LLC lifted its holdings in shares of e.l.f. Beauty by 5.5% during the third quarter. FMR LLC now owns 1,186,766 shares of the company’s stock valued at $129,393,000 after purchasing an additional 61,524 shares during the last quarter. Champlain Investment Partners LLC purchased a new position in shares of e.l.f. Beauty during the third quarter valued at approximately $121,558,000. Finally, Geode Capital Management LLC lifted its holdings in shares of e.l.f. Beauty by 2.7% during the third quarter. Geode Capital Management LLC now owns 955,064 shares of the company’s stock valued at $104,158,000 after purchasing an additional 24,778 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Trading Down 0.3 %

NYSE:ELF opened at $74.83 on Friday. e.l.f. Beauty, Inc. has a 12 month low of $63.50 and a 12 month high of $221.83. The company has a 50 day simple moving average of $119.12 and a two-hundred day simple moving average of $125.47. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The company has a market cap of $4.22 billion, a PE ratio of 44.28, a price-to-earnings-growth ratio of 1.54 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last issued 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 17.35%. Research analysts forecast that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Insider Activity

In other news, insider Scott Milsten sold 530 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now owns 68,853 shares of the company’s stock, valued at $9,474,172.80. The trade was a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the sale, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock valued at $297,442 in the last 90 days. Company insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. UBS Group reissued a “neutral” rating and set a $74.00 price target (down previously from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Piper Sandler reduced their price target on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. The Goldman Sachs Group reduced their price target on shares of e.l.f. Beauty from $165.00 to $142.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Jefferies Financial Group reduced their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Robert W. Baird reduced their price target on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $134.00.

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.