First Trust Direct Indexing L.P. Purchases 65 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

First Trust Direct Indexing L.P. raised its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 3.2% during the fourth quarter, Holdings Channel reports. The firm owned 2,106 shares of the company’s stock after purchasing an additional 65 shares during the period. First Trust Direct Indexing L.P.’s holdings in e.l.f. Beauty were worth $304,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ELF. Cambridge Investment Research Advisors Inc. grew its stake in e.l.f. Beauty by 40.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 16,467 shares of the company’s stock worth $1,809,000 after purchasing an additional 4,731 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of e.l.f. Beauty by 18.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,194 shares of the company’s stock worth $1,888,000 after buying an additional 2,707 shares during the period. Xponance Inc. increased its stake in shares of e.l.f. Beauty by 6.3% in the 3rd quarter. Xponance Inc. now owns 3,135 shares of the company’s stock valued at $344,000 after acquiring an additional 185 shares in the last quarter. Raymond James & Associates lifted its position in shares of e.l.f. Beauty by 17.2% during the 3rd quarter. Raymond James & Associates now owns 31,370 shares of the company’s stock valued at $3,445,000 after acquiring an additional 4,608 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of e.l.f. Beauty by 10.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,336 shares of the company’s stock valued at $366,000 after acquiring an additional 323 shares during the period. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Stock Down 0.7 %

Shares of NYSE ELF opened at $163.60 on Wednesday. The stock has a market capitalization of $9.08 billion, a PE ratio of 72.39, a P/E/G ratio of 1.50 and a beta of 1.60. e.l.f. Beauty, Inc. has a one year low of $83.80 and a one year high of $221.83. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The business’s fifty day moving average price is $183.66 and its 200-day moving average price is $155.11.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.11. The firm had revenue of $270.94 million for the quarter, compared to the consensus estimate of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. On average, equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on ELF. TD Cowen raised shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and decreased their price target for the company from $220.00 to $190.00 in a research note on Wednesday, April 17th. Robert W. Baird initiated coverage on e.l.f. Beauty in a research report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 target price for the company. DA Davidson reiterated a “buy” rating and issued a $220.00 price target on shares of e.l.f. Beauty in a report on Monday, April 8th. Bank of America boosted their price objective on e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Stifel Nicolaus increased their target price on e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and an average target price of $184.33.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 6,832 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $162.63, for a total transaction of $1,111,088.16. Following the sale, the chief executive officer now directly owns 228,175 shares in the company, valued at $37,108,100.25. The sale was disclosed in a document filed with the SEC, which is available at this link. In other e.l.f. Beauty news, CEO Tarang Amin sold 6,832 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $162.63, for a total value of $1,111,088.16. Following the completion of the transaction, the chief executive officer now directly owns 228,175 shares of the company’s stock, valued at approximately $37,108,100.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Joshua Allen Franks sold 727 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the completion of the transaction, the senior vice president now directly owns 83,736 shares in the company, valued at approximately $13,829,837.76. The disclosure for this sale can be found here. Insiders sold a total of 178,081 shares of company stock worth $30,457,064 in the last quarter. 5.20% of the stock is owned by company insiders.

e.l.f. Beauty Company Profile

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.