Private Advisor Group LLC Increases Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Private Advisor Group LLC increased its position in shares of e.l.f. Beauty, Inc. (NYSE:ELFFree Report) by 289.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,396 shares of the company’s stock after buying an additional 14,420 shares during the period. Private Advisor Group LLC’s holdings in e.l.f. Beauty were worth $2,115,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management boosted its position in e.l.f. Beauty by 3.2% during the second quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock valued at $512,000 after purchasing an additional 75 shares in the last quarter. Hanseatic Management Services Inc. boosted its position in e.l.f. Beauty by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock valued at $950,000 after purchasing an additional 77 shares in the last quarter. Guardian Asset Advisors LLC boosted its position in e.l.f. Beauty by 6.5% during the first quarter. Guardian Asset Advisors LLC now owns 1,485 shares of the company’s stock valued at $291,000 after purchasing an additional 90 shares in the last quarter. Portside Wealth Group LLC boosted its position in e.l.f. Beauty by 3.2% during the second quarter. Portside Wealth Group LLC now owns 2,982 shares of the company’s stock valued at $628,000 after purchasing an additional 93 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in e.l.f. Beauty by 27.8% during the second quarter. GAMMA Investing LLC now owns 451 shares of the company’s stock valued at $95,000 after purchasing an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Trading Up 3.0 %

e.l.f. Beauty stock opened at $113.32 on Wednesday. The stock has a 50-day moving average price of $120.52 and a 200 day moving average price of $158.87. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 51.05, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. e.l.f. Beauty, Inc. has a 52 week low of $88.47 and a 52 week high of $221.83.

e.l.f. Beauty (NYSE:ELFGet Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.20. The company had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. Sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.88 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ELF shares. DA Davidson reaffirmed a “buy” rating and set a $223.00 price objective on shares of e.l.f. Beauty in a research report on Tuesday. Morgan Stanley lowered their price target on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a report on Monday, September 30th. Robert W. Baird lowered their price target on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Truist Financial lowered their price target on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Finally, B. Riley began coverage on e.l.f. Beauty in a report on Tuesday, September 10th. They issued a “buy” rating and a $175.00 price target for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $184.43.

View Our Latest Report on ELF

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 548 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $175.00, for a total transaction of $95,900.00. Following the completion of the transaction, the chief executive officer now directly owns 214,507 shares in the company, valued at approximately $37,538,725. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.20% of the stock is owned by company insiders.

About e.l.f. Beauty

(Free Report)

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.

Read More

Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

Receive News & Ratings for e.l.f. Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for e.l.f. Beauty and related companies with MarketBeat.com's FREE daily email newsletter.