Alliancebernstein L.P. Sells 76,047 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Alliancebernstein L.P. decreased its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 52.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,818 shares of the company’s stock after selling 76,047 shares during the period. Alliancebernstein L.P. owned approximately 0.12% of e.l.f. Beauty worth $8,515,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of e.l.f. Beauty during the 3rd quarter worth about $25,000. Promus Capital LLC bought a new position in shares of e.l.f. Beauty during the fourth quarter valued at approximately $31,000. Kestra Investment Management LLC purchased a new stake in shares of e.l.f. Beauty in the fourth quarter worth approximately $32,000. Financial Life Planners bought a new stake in shares of e.l.f. Beauty during the 4th quarter worth approximately $46,000. Finally, New Wave Wealth Advisors LLC purchased a new position in e.l.f. Beauty during the 4th quarter valued at $65,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Truist Financial increased their target price 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. Canaccord Genuity Group reduced their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. The Goldman Sachs Group lowered their price objective on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Morgan Stanley reaffirmed 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. Finally, Raymond James lowered their price target on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a report on Friday, February 7th. Five 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 MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus price target of $130.24.

Insiders Place Their Bets

In related news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at $127,232.32. This trade represents a 67.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

e.l.f. Beauty Trading Down 3.7 %

NYSE ELF opened at $53.67 on Friday. e.l.f. Beauty, Inc. has a 52 week low of $49.90 and a 52 week high of $219.77. The company has a 50 day moving average price of $67.45 and a 200 day moving average price of $101.54. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.03 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41.

e.l.f. Beauty (NYSE:ELF) last issued 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 return on equity of 16.88% and a net margin of 7.55%. As a group, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal 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.