Wealth Enhancement Advisory Services LLC Sells 2,361 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Wealth Enhancement Advisory Services LLC cut its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 28.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,842 shares of the company’s stock after selling 2,361 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in e.l.f. Beauty were worth $637,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Private Advisor Group LLC acquired a new stake in shares of e.l.f. Beauty in the 1st quarter valued at approximately $417,000. Texas Permanent School Fund Corp lifted its stake in e.l.f. Beauty by 1.9% in the first quarter. Texas Permanent School Fund Corp now owns 48,579 shares of the company’s stock valued at $9,523,000 after acquiring an additional 895 shares during the last quarter. Duality Advisers LP bought a new position in shares of e.l.f. Beauty in the 1st quarter valued at about $319,000. Quantbot Technologies LP acquired a new position in shares of e.l.f. Beauty during the 1st quarter worth about $1,341,000. Finally, SG Americas Securities LLC raised its holdings in shares of e.l.f. Beauty by 55.0% in the 1st quarter. SG Americas Securities LLC now owns 2,141 shares of the company’s stock valued at $420,000 after purchasing an additional 760 shares during the period. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Trading Up 11.4 %

Shares of ELF stock opened at $116.07 on Friday. The stock has a market cap of $6.55 billion, a P/E ratio of 55.27, a price-to-earnings-growth ratio of 2.16 and a beta of 1.44. e.l.f. Beauty, Inc. has a 1 year low of $92.16 and a 1 year high of $221.83. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $113.06 and a 200 day simple moving average of $156.17.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. The firm had revenue of $324.48 million during the quarter, compared to the consensus estimate of $303.60 million. On average, research analysts predict that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the transaction, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at $14,465,883.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on ELF. Raymond James reissued a “strong-buy” rating and set a $235.00 price target on shares of e.l.f. Beauty in a research report on Monday, July 22nd. Canaccord Genuity Group dropped their price target on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday. Jefferies Financial Group reduced their price objective on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. UBS Group dropped 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. Finally, Stifel Nicolaus reduced their target price on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $173.53.

e.l.f. Beauty Company 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.