elf beauty, inc. (NYSE:ELF) Shares Sold by Nisa Investment Advisors LLC

VaselineAugust 25, 2024

0 4 minutes read

Nisa Investment Advisors LLC reduced its holdings in shares of elf Beauty, Inc. (NYSE:ELF – Free Report) by 4.8% during the second quarter, Holdings Channel reports. The fund owned 4,211 shares of the company’s stock after selling 213 shares during the period. Nisa Investment Advisors LLC’s holdings in elf Beauty were worth $887,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of elf Beauty by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock valued at $873,351,000 after acquiring an additional 79,701 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of elf Beauty by 5.2% during the fourth quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock valued at $366,744,000 after acquiring an additional 126,231 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in elf Beauty by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 952,863 shares of the company’s stock valued at $137,538,000 after acquiring an additional 7,999 shares in the last quarter. Clearbridge Investments LLC purchased a new stake in shares of elf Beauty in the first quarter valued at about $133,940,000. Finally, Norges Bank acquired a new stake in shares of elf Beauty during the fourth quarter valued at about $95,611,000. 92.44% of shares are currently owned by institutional investors and hedge funds.

Indoor activity

In other news, CEO Tarang Amin sold 42,953 shares of elf Beauty stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total transaction of $7,944,586.88. Following the sale, the chief executive officer now owns 258,667 shares of the company’s stock, valued at $47,843,048.32. The transaction was disclosed in a filing with the SEC, which is accessible via this link. In related news, SVP Joshua Allen Franks sold 14,253 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total transaction of $2,636,234.88. Following the sale, the senior vice president now owns 83,182 shares of the company’s stock, valued at $15,385,342.72. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Also, CEO Tarang Amin sold 42,953 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total value of $7,944,586.88. Following the sale, the chief executive officer now directly owns 258,667 shares in the company, valued at approximately $47,843,048.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,390 shares of company stock worth $18,264,873. Insiders own 5.20% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Want more great investment ideas?

ELF has been the subject of several recent analyst reports. Raymond James reiterated a “strong-buy” rating and set a $235.00 target price on shares of elf Beauty in a research note on Monday, July 22nd. Piper Sandler restated an “overweight” rating and issued a $260.00 target price (up from $258.00) on shares of elf Beauty in a research note on Friday, August 9th. Truist Financial lifted their price target on elf Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. DA Davidson lifted their price target on elf Beauty from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. cut their price target on elf Beauty from $224.00 to $207.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $216.43.

Check out our latest Elf beauty review

Elf Beauty Stock Performance

Shares of NYSE ELF opened at $170.49 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.60, and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $184.99, and its two-hundred-day moving average price is $182.10. elf beauty, inc. it has a 52-week low of $88.47 and a 52-week high of $221.83. The stock has a market cap of $9.54 billion, a P/E ratio of 76.80, a P/E/G ratio of 3.66 and a beta of 1.46.

elf Beauty (NYSE:ELF – Get Free Report ) last released its earnings results on Wednesday, May 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. The firm had revenue of $321.14 million for the quarter, compared to analysts’ expectations of $292.47 million. elf Beauty had a net margin of 12.47% and a return on equity of 26.64%. As a group, sell-side analysts estimate that elf Beauty, Inc. will post 2.84 earnings per share for the current year.

About Elf Beauty

(Free report)

elf Beauty, Inc, together with its subsidiaries, supplies cosmetics and skin care products under the elf Cosmetics, elf Skin, Well People and Keys Soulcare brands 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.