e.l.f. Beauty, Inc. (NYSE:ELF) Stock Holdings Increased by Diversify Wealth Management LLC

Diversify Wealth Management LLC lifted its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 21.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,456 shares of the company’s stock after acquiring an additional 978 shares during the quarter. Diversify Wealth Management LLC’s holdings in e.l.f. Beauty were worth $681,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Canada Pension Plan Investment Board bought a new position in e.l.f. Beauty during the second quarter worth $6,659,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of e.l.f. Beauty by 1,380.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock worth $1,775,000 after buying an additional 15,184 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of e.l.f. Beauty by 33.8% in the 2nd quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock valued at $8,285,000 after buying an additional 9,939 shares during the period. Clearbridge Investments LLC grew its position in shares of e.l.f. Beauty by 84.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after buying an additional 576,383 shares during the last quarter. Finally, Congress Asset Management Co. raised its stake in e.l.f. Beauty by 14.2% during the third quarter. Congress Asset Management Co. now owns 503,577 shares of the company’s stock worth $54,905,000 after acquiring an additional 62,480 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Insider Activity

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the sale, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the transaction, the insider now owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,205 shares of company stock worth $297,442. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock opened at $118.59 on Wednesday. e.l.f. Beauty, Inc. has a 52 week low of $98.50 and a 52 week high of $221.83. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The stock has a market cap of $6.68 billion, a PE ratio of 64.10, a price-to-earnings-growth ratio of 2.21 and a beta of 1.50. The company’s 50-day moving average price is $129.13 and its two-hundred day moving average price is $135.95.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. The business had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The business’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 EPS. As a group, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ELF has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Bank of America lowered their price objective on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. The Goldman Sachs Group initiated coverage on e.l.f. Beauty in a research note on Friday, December 13th. They issued a “buy” rating and a $165.00 target price on the stock. Morgan Stanley upgraded shares of e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $139.00 to $153.00 in a research report on Monday, January 13th. Finally, Jefferies Financial Group cut their price objective on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $169.06.

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.