e.l.f. Beauty, Inc. (NYSE:ELF) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 79.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 614 shares of the company’s stock after purchasing an additional 271 shares during the period. Advisors Asset Management Inc.’s holdings in e.l.f. Beauty were worth $67,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ELF. Ashton Thomas Private Wealth LLC bought a new stake in e.l.f. Beauty in the second quarter valued at about $26,000. Matrix Trust Co acquired a new position in shares of e.l.f. Beauty in the 2nd quarter worth approximately $27,000. Innealta Capital LLC bought a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $30,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of 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 valued at $36,000 after acquiring an additional 138 shares in the last quarter. Finally, Crewe Advisors LLC lifted its stake 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 purchasing an additional 146 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 Performance

ELF stock opened at $129.52 on Friday. The company has a market capitalization of $7.30 billion, a P/E ratio of 70.01, a PEG ratio of 2.79 and a beta of 1.44. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The company has a 50-day simple moving average of $113.65 and a 200 day simple moving average of $151.47. e.l.f. Beauty, Inc. has a fifty-two week low of $98.50 and a fifty-two week high of $221.83.

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

Wall Street Analyst Weigh In

ELF has been the subject of several recent research reports. Canaccord Genuity Group lowered their target price on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. DA Davidson reaffirmed a “buy” rating and set a $170.00 price objective on shares of e.l.f. Beauty in a research report on Monday, November 25th. UBS Group cut their target price on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Jefferies Financial Group lowered their target price on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Bank of America dropped their price target on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average target price of $173.53.

Insider Activity

In related news, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 106,016 shares in the company, valued at $14,465,883.20. The trade was a 18.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.50% 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.