Royal Fund Management LLC Acquires New Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Royal Fund Management LLC bought a new position in e.l.f. Beauty, Inc. (NYSE:ELF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,600 shares of the company’s stock, valued at approximately $2,028,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC acquired a new stake in shares of e.l.f. Beauty during the 2nd quarter worth approximately $26,000. Matrix Trust Co acquired a new stake in e.l.f. Beauty in the second quarter worth $27,000. Innealta Capital LLC bought a new stake in e.l.f. Beauty in the second quarter valued at $30,000. Harbor Investment Advisory LLC acquired a new position in shares of e.l.f. Beauty during the first quarter valued at $31,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of 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 worth $36,000 after acquiring an additional 138 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ELF. Morgan Stanley cut their price objective on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Monday, September 30th. UBS Group cut their price target on 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. DA Davidson reissued a “buy” rating and issued a $223.00 price objective on shares of e.l.f. Beauty in a report on Tuesday, October 1st. TD Cowen cut their target price on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Finally, Canaccord Genuity Group increased their price target on e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $201.57.

e.l.f. Beauty Price Performance

NYSE ELF traded up $1.72 on Wednesday, reaching $105.73. The company’s stock had a trading volume of 227,399 shares, compared to its average volume of 1,782,145. The firm’s 50 day moving average is $138.51 and its two-hundred day moving average is $166.97. The stock has a market cap of $5.91 billion, a PE ratio of 46.86, a PEG ratio of 2.33 and a beta of 1.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. e.l.f. Beauty, Inc. has a twelve month low of $88.47 and a twelve month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results 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. The firm had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. As a group, sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.88 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the sale, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at $14,465,883.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 that occurred on Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the sale, the senior vice president now owns 71,986 shares in the company, valued at approximately $14,489,342.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the transaction, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at $14,465,883.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,446 shares of company stock valued at $3,984,609 in the last three months. 5.20% of the stock is currently owned by corporate insiders.

About e.l.f. Beauty

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.