Bridgewater Associates LP Decreases Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Bridgewater Associates LP lessened its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 72.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,854 shares of the company’s stock after selling 25,582 shares during the quarter. Bridgewater Associates LP’s holdings in e.l.f. Beauty were worth $1,237,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its holdings in e.l.f. Beauty by 149.8% in the fourth quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock worth $41,250,000 after purchasing an additional 197,028 shares during the last quarter. Global Retirement Partners LLC increased its position in e.l.f. Beauty by 441.0% during the fourth quarter. Global Retirement Partners LLC now owns 8,283 shares of the company’s stock valued at $1,040,000 after acquiring an additional 6,752 shares during the last quarter. Robbins Farley lifted its holdings in e.l.f. Beauty by 27.1% in the fourth quarter. Robbins Farley now owns 34,396 shares of the company’s stock valued at $4,318,000 after acquiring an additional 7,335 shares during the period. Pacer Advisors Inc. grew its stake in shares of e.l.f. Beauty by 43.4% during the 4th quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock valued at $1,482,000 after purchasing an additional 3,572 shares during the period. Finally, Ibex Wealth Advisors purchased a new stake in shares of e.l.f. Beauty during the 4th quarter valued at about $5,519,000. 92.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ELF has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of e.l.f. Beauty from $127.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Stifel Nicolaus cut their price target on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a report on Monday, February 3rd. DA Davidson decreased their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Raymond James reduced their target price on shares of e.l.f. Beauty from $120.00 to $85.00 and set a “strong-buy” rating for the company in a report on Thursday. Finally, Piper Sandler dropped their price target on shares of e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, March 31st. Five equities research 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. According to data from MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $121.82.

e.l.f. Beauty Price Performance

NYSE:ELF opened at $52.60 on Friday. The company has a market capitalization of $2.97 billion, a P/E ratio of 31.12, a P/E/G ratio of 6.76 and a beta of 1.41. The business’s 50-day moving average is $64.02 and its 200 day moving average is $99.23. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 12 month low of $49.40 and a 12 month high of $219.77.

e.l.f. Beauty (NYSE:ELF) last posted its 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 net margin of 7.55% and a return on equity of 16.88%. On average, equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty 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 completion of the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.50% of the stock is currently owned by company insiders.

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.