abrdn plc Lowers Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

abrdn plc decreased its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 40.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 163,940 shares of the company’s stock after selling 111,891 shares during the quarter. abrdn plc’s holdings in e.l.f. Beauty were worth $23,663,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Xponance Inc. increased its holdings in e.l.f. Beauty by 4.9% in the 4th quarter. Xponance Inc. now owns 3,290 shares of the company’s stock valued at $475,000 after acquiring an additional 155 shares during the last quarter. Peterson Wealth Services bought a new stake in e.l.f. Beauty in the 4th quarter valued at $251,000. Roman Butler Fullerton & Co. bought a new stake in e.l.f. Beauty in the 4th quarter valued at $1,294,000. Rakuten Securities Inc. bought a new stake in e.l.f. Beauty in the 4th quarter valued at $56,000. Finally, Avior Wealth Management LLC increased its holdings in e.l.f. Beauty by 3,600.0% in the 4th quarter. Avior Wealth Management LLC now owns 370 shares of the company’s stock valued at $53,000 after acquiring an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock opened at $176.98 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. e.l.f. Beauty, Inc. has a 1-year low of $83.80 and a 1-year high of $221.83. The firm has a market capitalization of $9.82 billion, a P/E ratio of 78.31, a price-to-earnings-growth ratio of 1.47 and a beta of 1.57. The company’s 50-day moving average is $186.24 and its 200 day moving average is $150.60.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. The company had revenue of $270.94 million for the quarter, compared to analyst estimates of $239.66 million. Research analysts forecast that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

Analysts Set New Price Targets

ELF has been the topic of a number of research reports. Piper Sandler lifted their price target on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. Morgan Stanley boosted their target price on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Robert W. Baird started coverage on shares of e.l.f. Beauty in a report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 target price on the stock. Truist Financial boosted their target price on shares of e.l.f. Beauty from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Finally, Bank of America boosted their target price on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $184.33.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 6,832 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $162.63, for a total value of $1,111,088.16. Following the transaction, the chief executive officer now directly owns 228,175 shares in the company, valued at approximately $37,108,100.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other e.l.f. Beauty news, CEO Tarang Amin sold 6,832 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $162.63, for a total value of $1,111,088.16. Following the transaction, the chief executive officer now directly owns 228,175 shares in the company, valued at approximately $37,108,100.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joshua Allen Franks sold 29,388 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $166.40, for a total transaction of $4,890,163.20. Following the completion of the transaction, the senior vice president now owns 108,748 shares in the company, valued at $18,095,667.20. The disclosure for this sale can be found here. Insiders have sold 164,325 shares of company stock worth $28,081,154 in the last three months. Corporate insiders own 5.20% of the company’s stock.

About e.l.f. Beauty

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.