Corebridge Financial Inc. Sells 2,954 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Corebridge Financial Inc. trimmed its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,339 shares of the company’s stock after selling 2,954 shares during the quarter. Corebridge Financial Inc. owned approximately 0.11% of e.l.f. Beauty worth $8,078,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in e.l.f. Beauty during the 3rd quarter valued at $25,000. Promus Capital LLC bought a new position in shares of e.l.f. Beauty in the fourth quarter valued at about $31,000. Kestra Investment Management LLC acquired a new position in e.l.f. Beauty during the 4th quarter worth about $32,000. Financial Life Planners bought a new stake in e.l.f. Beauty during the 4th quarter worth about $46,000. Finally, Quarry LP acquired a new stake in e.l.f. Beauty in the 3rd quarter valued at about $62,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ELF shares. Raymond James reduced their target price on shares of 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. Canaccord Genuity Group decreased their price objective on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Stifel Nicolaus cut their price target on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Truist Financial lifted their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Morgan Stanley restated an “equal weight” rating and set a $70.00 target price (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Five equities research 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.65.

Insider Activity

In related news, Director Maureen C. Watson sold 4,000 shares of the business’s 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 sale, the director now directly 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 legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock opened at $65.04 on Friday. The stock’s fifty day simple moving average is $80.37 and its 200 day simple moving average is $106.19. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.67 billion, a PE ratio of 38.49, a PEG ratio of 6.76 and a beta of 1.60. e.l.f. Beauty, Inc. has a 12 month low of $60.35 and a 12 month high of $219.77.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. On average, research analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

e.l.f. Beauty 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.