Ameritas Advisory Services LLC Makes New Investment in e.l.f. Beauty $ELF

Ameritas Advisory Services LLC purchased a new position in e.l.f. Beauty (NYSE:ELF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 853 shares of the company’s stock, valued at approximately $106,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ELF. Pinnacle Investment Management Ltd purchased a new stake in e.l.f. Beauty during the second quarter valued at $1,244,000. Truist Financial Corp raised its stake in e.l.f. Beauty by 49.5% during the second quarter. Truist Financial Corp now owns 7,405 shares of the company’s stock valued at $921,000 after purchasing an additional 2,452 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of e.l.f. Beauty in the second quarter valued at $3,715,000. Greenleaf Trust purchased a new stake in shares of e.l.f. Beauty in the second quarter valued at $258,000. Finally, HB Wealth Management LLC purchased a new stake in shares of e.l.f. Beauty in the second quarter valued at $374,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Down 10.8%

ELF stock opened at $129.37 on Friday. The firm has a 50 day moving average of $128.38 and a 200 day moving average of $104.65. The stock has a market capitalization of $7.67 billion, a PE ratio of 76.10, a price-to-earnings-growth ratio of 3.37 and a beta of 1.57. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $150.99.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $353.74 million during the quarter, compared to analysts’ expectations of $348.99 million. During the same period last year, the business earned $1.10 EPS. e.l.f. Beauty’s revenue for the quarter was up 9.0% on a year-over-year basis. Sell-side analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Analyst Ratings Changes

ELF has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of e.l.f. Beauty in a research note on Wednesday. B. Riley increased their target price on shares of e.l.f. Beauty from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $155.00 price target (up previously from $140.00) on shares of e.l.f. Beauty in a research note on Monday, September 8th. JPMorgan Chase & Co. raised their price target on shares of e.l.f. Beauty from $130.00 to $168.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Bank of America raised their price target on shares of e.l.f. Beauty from $135.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.07.

Insider Activity

In other news, insider Mandy J. Fields sold 55,692 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $136.28, for a total transaction of $7,589,705.76. Following the completion of the transaction, the insider directly owned 64,154 shares of the company’s stock, valued at $8,742,907.12. The trade was a 46.47% 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 Kory Marchisotto sold 13,515 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $140.10, for a total transaction of $1,893,451.50. Following the transaction, the insider directly owned 144,788 shares of the company’s stock, valued at approximately $20,284,798.80. This trade represents a 8.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 301,060 shares of company stock worth $40,994,733. 3.90% of the stock is currently 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.