e.l.f. Beauty, Inc. (NYSE:ELF) Holdings Raised by Diversify Advisory Services LLC

Diversify Advisory Services LLC raised its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 356.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,761 shares of the company’s stock after buying an additional 7,621 shares during the period. Diversify Advisory Services LLC’s holdings in e.l.f. Beauty were worth $1,219,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Edgestream Partners L.P. acquired a new stake in e.l.f. Beauty during the second quarter valued at $214,000. Hsbc Holdings PLC raised its stake in shares of e.l.f. Beauty by 263.2% during the 2nd quarter. Hsbc Holdings PLC now owns 7,405 shares of the company’s stock worth $1,559,000 after purchasing an additional 5,366 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at about $6,659,000. AE Wealth Management LLC bought a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $343,000. Finally, Pacer Advisors Inc. increased its holdings in e.l.f. Beauty by 8.1% in the second quarter. Pacer Advisors Inc. now owns 12,443 shares of the company’s stock worth $2,622,000 after buying an additional 932 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Down 5.0 %

Shares of ELF opened at $127.17 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The company has a 50-day simple moving average of $129.27 and a 200-day simple moving average of $136.48. e.l.f. Beauty, Inc. has a 52 week low of $98.50 and a 52 week high of $221.83. The firm has a market capitalization of $7.16 billion, a P/E ratio of 68.74, a P/E/G ratio of 2.17 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. The company had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company’s quarterly revenue was up 39.7% on a year-over-year basis. During the same quarter last year, the company earned $0.66 EPS. On average, equities research analysts expect that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the transaction, the insider now owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tarang Amin sold 890 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the sale, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock worth $297,442 over the last 90 days. Corporate insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Bank of America decreased their target price on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. The Goldman Sachs Group started coverage on shares of e.l.f. Beauty in a report on Friday, December 13th. They issued a “buy” rating and a $165.00 price objective for the company. Canaccord Genuity Group cut their target price on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Piper Sandler raised their price objective on e.l.f. Beauty from $165.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $169.06.

About e.l.f. Beauty

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.