Farther Finance Advisors LLC Raises Stock Position in e.l.f. Beauty $ELF

Farther Finance Advisors LLC grew its holdings in e.l.f. Beauty (NYSE:ELF) by 11.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 993 shares of the company’s stock after acquiring an additional 105 shares during the period. Farther Finance Advisors LLC’s holdings in e.l.f. Beauty were worth $124,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in e.l.f. Beauty by 42.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,347 shares of the company’s stock worth $1,048,000 after acquiring an additional 2,505 shares in the last quarter. GAMMA Investing LLC lifted its position in e.l.f. Beauty by 14,478.0% in the 1st quarter. GAMMA Investing LLC now owns 125,517 shares of the company’s stock valued at $7,881,000 after purchasing an additional 124,656 shares during the last quarter. NBC Securities Inc. lifted its position in e.l.f. Beauty by 141,950.0% in the 1st quarter. NBC Securities Inc. now owns 5,682 shares of the company’s stock valued at $356,000 after purchasing an additional 5,678 shares during the last quarter. Portside Wealth Group LLC lifted its position in e.l.f. Beauty by 18.6% in the 1st quarter. Portside Wealth Group LLC now owns 3,908 shares of the company’s stock valued at $245,000 after purchasing an additional 613 shares during the last quarter. Finally, Congress Asset Management Co. lifted its position in e.l.f. Beauty by 53.7% in the 1st quarter. Congress Asset Management Co. now owns 938,970 shares of the company’s stock valued at $58,958,000 after purchasing an additional 327,980 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ELF. Bank of America lifted their price objective on shares of e.l.f. Beauty from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Canaccord Genuity Group set a $165.00 target price on shares of e.l.f. Beauty in a report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft downgraded shares of e.l.f. Beauty from a “buy” rating to a “hold” rating and boosted their target price for the stock from $121.00 to $128.00 in a report on Tuesday, September 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of e.l.f. Beauty in a research report on Saturday, September 27th. Finally, The Goldman Sachs Group boosted their price target on shares of e.l.f. Beauty from $137.00 to $155.00 and gave the company a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.60.

e.l.f. Beauty Price Performance

NYSE:ELF opened at $134.88 on Friday. The stock has a market cap of $8.00 billion, a P/E ratio of 79.34, a PEG ratio of 3.15 and a beta of 1.57. e.l.f. Beauty has a one year low of $49.40 and a one year high of $150.99. The company has a fifty day moving average price of $126.47 and a 200 day moving average price of $102.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.34.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. The firm had revenue of $353.74 million during the quarter, compared to analysts’ expectations of $348.99 million. During the same period in the prior year, the company earned $1.10 EPS. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. Analysts anticipate that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Scott Milsten sold 15,000 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $150.23, for a total value of $2,253,450.00. Following the sale, the insider owned 97,406 shares of the company’s stock, valued at approximately $14,633,303.38. This represents a 13.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mandy J. Fields sold 5,298 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $150.21, for a total transaction of $795,812.58. Following the sale, the insider directly owned 58,856 shares in the company, valued at approximately $8,840,759.76. This represents a 8.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 301,060 shares of company stock worth $40,994,733 in the last quarter. 3.90% of the stock is owned by corporate insiders.

e.l.f. Beauty 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.