Uniting Wealth Partners LLC Purchases Shares of 2,100 e.l.f. Beauty, Inc. (NYSE:ELF)

Uniting Wealth Partners LLC acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,100 shares of the company’s stock, valued at approximately $264,000.

Several other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in e.l.f. Beauty during the third quarter valued at $25,000. Nemes Rush Group LLC acquired a new stake in shares of e.l.f. Beauty during the 4th quarter valued at about $27,000. Promus Capital LLC acquired a new stake in shares of e.l.f. Beauty during the 4th quarter valued at about $31,000. Kestra Investment Management LLC purchased a new position in shares of e.l.f. Beauty in the 4th quarter valued at about $32,000. Finally, Financial Life Planners acquired a new position in e.l.f. Beauty in the 4th quarter worth about $46,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock opened at $67.99 on Thursday. The firm has a market cap of $3.83 billion, a PE ratio of 40.23, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 52 week low of $60.35 and a 52 week high of $219.77. The business’s fifty day simple moving average is $75.77 and its 200-day simple moving average is $104.77.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. Equities analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. DA Davidson decreased their target price on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Truist Financial boosted their target price on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. JPMorgan Chase & Co. increased their target price on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, The Goldman Sachs Group lowered their price target on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $130.24.

Insiders Place Their Bets

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.50% of the stock is owned by insiders.

e.l.f. Beauty Company Profile

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.