Wellington Management Group LLP Cuts Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Wellington Management Group LLP trimmed its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 8.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,235,917 shares of the company’s stock after selling 194,297 shares during the period. Wellington Management Group LLP’s holdings in e.l.f. Beauty were worth $280,719,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new position in e.l.f. Beauty during the 3rd quarter valued at approximately $25,000. Promus Capital LLC bought a new position in shares of e.l.f. Beauty during the fourth quarter valued at $31,000. Kestra Investment Management LLC purchased a new position in shares of e.l.f. Beauty in the 4th quarter worth about $32,000. Financial Life Planners bought a new position in e.l.f. Beauty in the 4th quarter worth about $46,000. Finally, Quarry LP purchased a new stake in e.l.f. Beauty during the 3rd quarter valued at about $62,000. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Trading Up 2.4 %

NYSE:ELF opened at $64.30 on Wednesday. e.l.f. Beauty, Inc. has a one year low of $60.35 and a one year high of $219.77. The business has a fifty day moving average price of $76.75 and a 200-day moving average price of $105.03. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 38.05, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate 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%. Sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. The Goldman Sachs Group decreased their target price on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a report on Friday, February 21st. Morgan Stanley restated an “equal weight” rating and issued a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Piper Sandler cut their target price on e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday. Raymond James decreased 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 research note on Friday, February 7th. Finally, Canaccord Genuity Group dropped 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. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $130.24.

Insider Buying and Selling at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 4,000 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the sale, the director now directly owns 1,888 shares in the company, 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.50% of the company’s stock.

About e.l.f. Beauty

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.