e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 73.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,352 shares of the company’s stock after selling 6,641 shares during the quarter. HighTower Advisors LLC’s holdings in e.l.f. Beauty were worth $257,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Picton Mahoney Asset Management lifted its holdings in e.l.f. Beauty by 3.2% in the second quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock valued at $512,000 after acquiring an additional 75 shares during the period. Hanseatic Management Services Inc. increased its holdings in shares of e.l.f. Beauty by 1.7% during the 2nd quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock valued at $950,000 after purchasing an additional 77 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in shares of e.l.f. Beauty by 2.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,777 shares of the company’s stock valued at $1,007,000 after purchasing an additional 99 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in e.l.f. Beauty during the second quarter worth $26,000. Finally, Cetera Trust Company N.A grew its position in e.l.f. Beauty by 14.4% during the third quarter. Cetera Trust Company N.A now owns 1,030 shares of the company’s stock valued at $112,000 after buying an additional 130 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $131.91 on Wednesday. e.l.f. Beauty, Inc. has a 1-year low of $98.50 and a 1-year high of $221.83. The firm has a 50 day simple moving average of $121.88 and a 200-day simple moving average of $146.32. The firm has a market cap of $7.43 billion, a PE ratio of 71.30, a P/E/G ratio of 3.03 and a beta of 1.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.43 by $0.34. The firm had revenue of $301.10 million during 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%. e.l.f. Beauty’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 earnings per share. On average, equities analysts expect that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. B. Riley reduced their price target on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft began coverage on e.l.f. Beauty in a research note on Thursday, December 12th. They set a “hold” rating and a $133.00 target price for the company. TD Cowen dropped 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 note on Thursday, September 12th. JPMorgan Chase & Co. cut their price target on shares of e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Finally, Truist Financial increased their price objective on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $171.82.

Insider Activity

In other news, insider Scott Milsten sold 530 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the transaction, the insider now owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the transaction, the chief executive officer now owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock worth $297,442 over the last 90 days. Company insiders own 3.50% of the company’s stock.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.