e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 528,485 shares of the company’s stock after selling 26,802 shares during the quarter. Thrivent Financial for Lutherans owned 0.94% of e.l.f. Beauty worth $66,351,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in e.l.f. Beauty by 149.8% during the fourth quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock valued at $41,250,000 after buying an additional 197,028 shares during the period. Global Retirement Partners LLC increased its stake in shares of e.l.f. Beauty by 441.0% in the 4th quarter. Global Retirement Partners LLC now owns 8,283 shares of the company’s stock valued at $1,040,000 after purchasing an additional 6,752 shares in the last quarter. Robbins Farley raised its holdings in e.l.f. Beauty by 27.1% in the 4th quarter. Robbins Farley now owns 34,396 shares of the company’s stock worth $4,318,000 after purchasing an additional 7,335 shares during the period. Pacer Advisors Inc. boosted its position in e.l.f. Beauty by 43.4% during the fourth quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock worth $1,482,000 after purchasing an additional 3,572 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in e.l.f. Beauty by 1,380.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock valued at $1,775,000 after purchasing an additional 15,184 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Raymond James decreased their target price on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research report on Friday, February 7th. Stifel Nicolaus decreased their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. B. Riley reissued a “buy” rating and set a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Piper Sandler decreased their price target on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, Truist Financial boosted their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and a consensus target price of $132.65.

Insider Buying and Selling

In related news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the transaction, the director now directly owns 1,888 shares in the company, valued at approximately $127,232.32. This represents a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.50% of the stock is currently owned by company insiders.

e.l.f. Beauty Price Performance

ELF stock opened at $63.56 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The business has a 50 day simple moving average of $88.26 and a 200-day simple moving average of $109.04. The firm has a market capitalization of $3.58 billion, a PE ratio of 37.61, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60. e.l.f. Beauty, Inc. has a 1 year low of $61.90 and a 1 year high of $219.77.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results 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%. Equities research 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.