KBC Group NV Trims Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

KBC Group NV lessened its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 282,097 shares of the company’s stock after selling 846 shares during the quarter. KBC Group NV owned 0.50% of e.l.f. Beauty worth $35,417,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in e.l.f. Beauty by 3.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock valued at $361,000 after buying an additional 91 shares during the last quarter. Cetera Trust Company N.A boosted its holdings in shares of e.l.f. Beauty by 14.4% in the 3rd quarter. Cetera Trust Company N.A now owns 1,030 shares of the company’s stock valued at $112,000 after acquiring an additional 130 shares during the last quarter. Fulton Bank N.A. increased its stake in shares of e.l.f. Beauty by 1.7% in the third quarter. Fulton Bank N.A. now owns 8,222 shares of the company’s stock worth $896,000 after acquiring an additional 139 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of e.l.f. Beauty by 6.5% during the third quarter. Sequoia Financial Advisors LLC now owns 2,609 shares of the company’s stock worth $284,000 after purchasing an additional 159 shares during the last quarter. Finally, Independent Advisor Alliance lifted its position in e.l.f. Beauty by 7.5% during the third quarter. Independent Advisor Alliance now owns 2,983 shares of the company’s stock valued at $325,000 after purchasing an additional 207 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $104.26 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. e.l.f. Beauty, Inc. has a 1-year low of $98.50 and a 1-year high of $221.83. The company has a market cap of $5.87 billion, a PE ratio of 56.35, a price-to-earnings-growth ratio of 2.03 and a beta of 1.50. The stock’s 50 day simple moving average is $128.46 and its 200-day simple moving average is $133.52.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. During the same quarter last year, the firm posted $0.66 EPS. The firm’s revenue for the quarter was up 39.7% on a year-over-year basis. As a group, equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ELF shares. B. Riley cut their price target on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Robert W. Baird decreased their price target on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 21st. UBS Group upped their price objective on e.l.f. Beauty from $156.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. The Goldman Sachs Group initiated coverage on shares of e.l.f. Beauty in a report on Friday, December 13th. They set a “buy” rating and a $165.00 target price for the company. Finally, DA Davidson reissued a “buy” rating and set a $170.00 price target on shares of e.l.f. Beauty in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen 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 presently has an average rating of “Moderate Buy” and an average target price of $169.06.

Insider Buying and Selling

In other news, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the transaction, the chief executive officer now directly owns 99,699 shares in the company, valued at $13,718,582.40. The trade was a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott Milsten sold 530 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is owned by 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.