Ameriprise Financial Inc. Sells 178,058 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Ameriprise Financial Inc. trimmed its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 32.6% during the 4th quarter, Holdings Channel reports. The firm owned 368,088 shares of the company’s stock after selling 178,058 shares during the period. Ameriprise Financial Inc.’s holdings in e.l.f. Beauty were worth $46,213,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of e.l.f. Beauty during the 3rd quarter valued at $25,000. Nemes Rush Group LLC bought a new stake in shares of e.l.f. Beauty during the 4th quarter valued at $27,000. Promus Capital LLC bought a new stake in shares of e.l.f. Beauty during the 4th quarter valued at $31,000. Kestra Investment Management LLC bought a new stake in shares of e.l.f. Beauty during the 4th quarter valued at $32,000. Finally, Financial Life Planners bought a new stake in shares of e.l.f. Beauty during the 4th quarter valued at $46,000. 92.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Stifel Nicolaus reduced their price target 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. DA Davidson cut their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Truist Financial decreased their target price on e.l.f. Beauty from $100.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Piper Sandler dropped their price target on e.l.f. Beauty from $90.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Finally, The Goldman Sachs Group reduced their price objective on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Five investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.88.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $67.07 on Monday. The business’s 50 day moving average price is $61.35 and its 200-day moving average price is $94.43. e.l.f. Beauty, Inc. has a fifty-two week low of $49.40 and a fifty-two week high of $219.77. The company has a market cap of $3.78 billion, a P/E ratio of 39.69, a P/E/G ratio of 6.76 and a beta of 1.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90.

Insiders Place Their Bets

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 51,353 shares of the firm’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $2,740,196.08. Following the completion of the sale, the senior vice president now owns 114,660 shares of the company’s stock, valued at $6,118,257.60. This trade represents a 30.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kory Marchisotto sold 51,350 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $2,740,036.00. Following the transaction, the insider now owns 152,492 shares of the company’s stock, valued at $8,136,973.12. This trade represents a 25.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 204,618 shares of company stock valued at $10,974,536 over the last three months. 3.50% of the stock is owned by company insiders.

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.