Regal Investment Advisors LLC Has $1.76 Million Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Regal Investment Advisors LLC increased its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 84.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,328 shares of the company’s stock after purchasing an additional 3,808 shares during the period. Regal Investment Advisors LLC’s holdings in e.l.f. Beauty were worth $1,755,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new position in e.l.f. Beauty in the 2nd quarter valued at $26,000. Matrix Trust Co acquired a new position in e.l.f. Beauty in the 2nd quarter valued at $27,000. Innealta Capital LLC acquired a new position in e.l.f. Beauty in the 2nd quarter valued at $30,000. Harbor Investment Advisory LLC acquired a new position in e.l.f. Beauty in the 1st quarter valued at $31,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in e.l.f. Beauty by 405.9% in 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. 92.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 15,386 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.85, for a total value of $3,090,278.10. Following the sale, the chief executive officer now owns 171,329 shares in the company, valued at approximately $34,411,429.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was 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 in the company, valued at approximately $14,489,342.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 15,386 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.85, for a total value of $3,090,278.10. Following the sale, the chief executive officer now owns 171,329 shares in the company, valued at approximately $34,411,429.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,832 shares of company stock worth $7,074,887. Insiders own 5.20% of the company’s stock.

e.l.f. Beauty Trading Down 3.2 %

Shares of ELF stock opened at $108.95 on Tuesday. The firm has a market capitalization of $6.09 billion, a P/E ratio of 49.08, a P/E/G ratio of 2.33 and a beta of 1.44. e.l.f. Beauty, Inc. has a twelve month low of $88.47 and a twelve month high of $221.83. 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’s fifty day simple moving average is $145.58 and its 200 day simple moving average is $170.28.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, topping 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 business had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. As a group, sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ELF. Canaccord Genuity Group lifted their price objective on e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Canaccord Genuity Group boosted their price target on e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. B. Riley initiated coverage on e.l.f. Beauty in a report on Tuesday, September 10th. They set a “buy” rating and a $175.00 price target for the company. Stifel Nicolaus boosted their price target on e.l.f. Beauty from $151.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Finally, Bank of America lowered their price target on e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating for the company in a report on Monday, September 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus price target of $195.80.

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.