e.l.f. Beauty, Inc. (NYSE:ELF) Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC increased its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 21.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,456 shares of the company’s stock after acquiring an additional 978 shares during the period. Diversify Wealth Management LLC’s holdings in e.l.f. Beauty were worth $681,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baillie Gifford & Co. grew its stake in e.l.f. Beauty by 39.5% in the 3rd quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after acquiring an additional 1,501,151 shares during the last quarter. Champlain Investment Partners LLC purchased a new stake in shares of e.l.f. Beauty in the third quarter valued at about $121,558,000. Swedbank AB acquired a new stake in shares of e.l.f. Beauty in the third quarter valued at approximately $76,321,000. Clearbridge Investments LLC increased its stake 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 worth $265,432,000 after purchasing an additional 576,383 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of e.l.f. Beauty by 223.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock worth $60,543,000 after purchasing an additional 383,478 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised 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. B. Riley cut their target price on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Morgan Stanley raised shares of e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $139.00 to $153.00 in a research note on Monday, January 13th. Piper Sandler boosted their price objective on shares of e.l.f. Beauty from $165.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They set a “hold” rating and a $133.00 target price on the stock. One 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 issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $169.06.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $118.59 on Wednesday. e.l.f. Beauty, Inc. has a twelve month low of $98.50 and a twelve month high of $221.83. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 64.10, a PEG ratio of 2.21 and a beta of 1.50. 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 firm’s fifty day simple moving average is $129.13 and its 200 day simple moving average is $135.95.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.34. The company had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company’s revenue was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 earnings per share. As a group, equities research analysts expect that e.l.f. Beauty, Inc. will post 2.79 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related 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 value of $122,464.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Scott Milsten sold 530 shares of the firm’s 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 sale, the insider now owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. This trade 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 valued at $297,442. Corporate insiders own 3.50% of the company’s stock.

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.