Stratos Wealth Partners LTD. Sells 126 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Stratos Wealth Partners LTD. decreased its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,753 shares of the company’s stock after selling 126 shares during the period. Stratos Wealth Partners LTD.’s holdings in e.l.f. Beauty were worth $253,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ELF. Advisor Group Holdings Inc. boosted its stake in shares of e.l.f. Beauty by 7.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock valued at $174,000 after purchasing an additional 476 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of e.l.f. Beauty by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 428,775 shares of the company’s stock valued at $11,076,000 after purchasing an additional 4,476 shares in the last quarter. Citigroup Inc. boosted its stake in e.l.f. Beauty by 12.4% during the first quarter. Citigroup Inc. now owns 41,711 shares of the company’s stock worth $1,077,000 after acquiring an additional 4,617 shares in the last quarter. AlphaCrest Capital Management LLC bought a new stake in e.l.f. Beauty during the first quarter worth about $342,000. Finally, MetLife Investment Management LLC boosted its stake in e.l.f. Beauty by 53.3% during the first quarter. MetLife Investment Management LLC now owns 26,424 shares of the company’s stock worth $683,000 after acquiring an additional 9,189 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Insider Activity

In other news, CEO Tarang Amin sold 23,519 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the completion of the transaction, the chief executive officer now directly owns 10,889 shares of the company’s stock, valued at $2,165,713.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ELF has been the topic of several research reports. Stifel Nicolaus boosted their price objective on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. StockNews.com lowered shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. TD Cowen boosted their price objective on shares of e.l.f. Beauty from $185.00 to $220.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 13th. Raymond James boosted their price objective on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $220.00 target price on shares of e.l.f. Beauty in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $186.83.

e.l.f. Beauty Stock Up 0.3 %

ELF opened at $163.40 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average price of $186.83 and a 200-day moving average price of $147.91. e.l.f. Beauty, Inc. has a twelve month low of $83.80 and a twelve month high of $221.83. The stock has a market capitalization of $9.07 billion, a price-to-earnings ratio of 72.30, a PEG ratio of 1.51 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. The firm had revenue of $270.94 million during the quarter, compared to analysts’ expectations of $239.66 million. Equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current year.

About e.l.f. Beauty

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.