Moody Aldrich Partners LLC Invests $256,000 in e.l.f. Beauty, Inc. (NYSE:ELF)

Moody Aldrich Partners LLC bought a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) during the fourth quarter, Holdings Channel reports. The fund bought 2,037 shares of the company’s stock, valued at approximately $256,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of e.l.f. Beauty in the 3rd quarter valued at about $25,000. Planning Capital Management Corp raised its holdings in e.l.f. Beauty by 1,855.0% in the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after buying an additional 371 shares during the period. nVerses Capital LLC acquired a new position in e.l.f. Beauty during the third quarter valued at approximately $44,000. Peterson Financial Group Inc. purchased a new stake in e.l.f. Beauty during the third quarter worth approximately $45,000. Finally, Blue Trust Inc. increased its position in shares of e.l.f. Beauty by 2,357.1% in the third quarter. Blue Trust Inc. now owns 516 shares of the company’s stock worth $56,000 after acquiring an additional 495 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $106.28 on Thursday. 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 company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 57.45, a price-to-earnings-growth ratio of 2.03 and a beta of 1.50. e.l.f. Beauty, Inc. has a twelve month low of $98.50 and a twelve month high of $221.83. The business has a 50 day simple moving average of $127.78 and a 200-day simple moving average of $132.05.

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

Insider Buying and Selling

In other news, CEO Tarang Amin sold 890 shares of the 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 sale, the chief executive officer now directly owns 99,699 shares in the company, valued at approximately $13,718,582.40. This represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maureen C. Watson sold 785 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. This trade represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock worth $297,442 over the last quarter. 3.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Jefferies Financial Group decreased their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Piper Sandler increased their target price on e.l.f. Beauty from $165.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. boosted their price target on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft started coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price objective for the company. Finally, DA Davidson reissued a “buy” rating and set a $170.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average target price of $169.06.

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.