Sequoia Financial Advisors LLC Boosts Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Sequoia Financial Advisors LLC increased its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 6.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,609 shares of the company’s stock after buying an additional 159 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in e.l.f. Beauty were worth $284,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC bought a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $26,000. 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 stake in e.l.f. Beauty during the 2nd quarter worth approximately $30,000. Whittier Trust Co. of Nevada Inc. raised its stake in e.l.f. Beauty by 405.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after acquiring an additional 138 shares during the period. Finally, Crewe Advisors LLC raised its stake in e.l.f. Beauty by 456.3% during the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock worth $38,000 after acquiring an additional 146 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

ELF has been the topic of several recent analyst reports. Truist Financial reduced their price objective on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Raymond James reiterated a “strong-buy” rating and set a $235.00 price objective on shares of e.l.f. Beauty in a research report on Monday, July 22nd. UBS Group reduced their price objective on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. TD Cowen reduced 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 research report on Thursday, September 12th. Finally, Baird R W upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.43.

e.l.f. Beauty Stock Down 0.3 %

Shares of e.l.f. Beauty stock opened at $110.01 on Tuesday. The stock has a market capitalization of $6.15 billion, a P/E ratio of 49.55, a PEG ratio of 2.22 and a beta of 1.43. 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 stock has a 50 day moving average price of $121.48 and a two-hundred day moving average price of $159.22. e.l.f. Beauty, Inc. has a 12-month low of $88.47 and a 12-month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. The business 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%. Equities analysts expect that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current year.

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 on Monday, August 5th. The stock was sold at an average price of $175.00, for a total value of $95,900.00. Following the transaction, the chief executive officer now directly owns 214,507 shares of the company’s stock, valued at $37,538,725. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 5.20% of the company’s stock.

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.