Axa S.A. Sells 25,778 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Axa S.A. cut its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 63.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,011 shares of the company’s stock after selling 25,778 shares during the period. Axa S.A.’s holdings in e.l.f. Beauty were worth $3,163,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Davidson Kempner Capital Management LP bought a new stake in shares of e.l.f. Beauty during the second quarter worth approximately $4,214,000. Interval Partners LP bought a new stake in e.l.f. Beauty in the second quarter valued at approximately $22,964,000. Xponance Inc. boosted its holdings in shares of e.l.f. Beauty by 37.6% in the second quarter. Xponance Inc. now owns 10,844 shares of the company’s stock valued at $2,285,000 after buying an additional 2,963 shares during the period. Lombard Odier Asset Management USA Corp acquired a new position in shares of e.l.f. Beauty in the second quarter valued at approximately $220,000. Finally, Evergreen Capital Management LLC boosted its holdings in shares of e.l.f. Beauty by 2.1% in the second quarter. Evergreen Capital Management LLC now owns 4,777 shares of the company’s stock valued at $1,007,000 after buying an additional 99 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the transaction, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the sale, the chief executive officer now owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Joshua Allen Franks sold 3,370 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the transaction, the senior vice president now owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,832 shares of company stock valued at $7,074,887. Insiders own 5.20% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock opened at $112.56 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23. The company has a market cap of $6.30 billion, a PE ratio of 50.70, a P/E/G ratio of 2.33 and a beta of 1.44. The business has a 50 day moving average of $146.79 and a 200 day moving average of $171.17. e.l.f. Beauty, Inc. has a 52 week low of $88.47 and a 52 week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. The business had revenue of $324.48 million during the quarter, compared to the consensus estimate of $303.60 million. As a group, equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ELF. Baird R W upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 18th. Stifel Nicolaus raised their price target on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. Bank of America reduced their price objective on shares of e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, September 9th. Canaccord Genuity Group raised their price target on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Finally, Raymond James restated a “strong-buy” rating and issued a $235.00 price target on shares of e.l.f. Beauty in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $198.80.

e.l.f. Beauty Company Profile

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.