Ashton Thomas Private Wealth LLC Makes New Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

Ashton Thomas Private Wealth LLC bought a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 123 shares of the company’s stock, valued at approximately $26,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ELF. Matrix Trust Co bought a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $27,000. Innealta Capital LLC bought a new position in shares of e.l.f. Beauty in the second quarter worth $30,000. Harbor Investment Advisory LLC purchased a new stake in shares of e.l.f. Beauty in the first quarter worth $31,000. Whittier Trust Co. of Nevada Inc. boosted its stake in e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after buying an additional 138 shares during the period. Finally, Crewe Advisors LLC grew its position in e.l.f. Beauty by 456.3% during the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock worth $38,000 after buying an additional 146 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of the company’s 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 owns 214,507 shares of the company’s stock, valued at approximately $37,538,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Joshua Allen Franks sold 3,370 shares of e.l.f. Beauty stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the sale, the senior vice president now owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tarang Amin sold 548 shares of the stock in a transaction dated 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 of the company’s stock, valued at $37,538,725. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,304 shares of company stock worth $3,864,492. Company insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Robert W. Baird raised their price target on e.l.f. Beauty from $230.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Piper Sandler dropped their target price on shares of e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating for the company in a research report on Monday. TD Cowen decreased their price target on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. DA Davidson reaffirmed a “buy” rating and set a $223.00 price objective on shares of e.l.f. Beauty in a report on Wednesday, September 11th. Finally, Raymond James reissued a “strong-buy” rating and issued a $235.00 target price on shares of e.l.f. Beauty in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $198.80.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock opened at $112.40 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. e.l.f. Beauty, Inc. has a one year low of $88.47 and a one year high of $221.83. The business’s 50 day simple moving average is $159.25 and its two-hundred day simple moving average is $176.11. The stock has a market capitalization of $6.29 billion, a P/E ratio of 50.63, a price-to-earnings-growth ratio of 2.37 and a beta of 1.45.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.67 by $0.20. The company had revenue of $324.48 million for the quarter, compared to the consensus estimate of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. Analysts forecast that e.l.f. Beauty, Inc. will post 2.88 EPS for the current year.

e.l.f. Beauty 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.