Avior Wealth Management LLC Grows Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Avior Wealth Management LLC increased its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 93.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,085 shares of the company’s stock after purchasing an additional 1,487 shares during the period. Avior Wealth Management LLC’s holdings in e.l.f. Beauty were worth $336,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ELF. Baillie Gifford & Co. lifted its stake in e.l.f. Beauty by 39.5% during the 3rd quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock worth $578,480,000 after acquiring an additional 1,501,151 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of e.l.f. Beauty by 12.5% during the second quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock worth $318,647,000 after purchasing an additional 168,267 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of e.l.f. Beauty by 84.4% in the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after purchasing an additional 576,383 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of e.l.f. Beauty by 55.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company’s stock valued at $79,633,000 after purchasing an additional 261,707 shares in the last quarter. Finally, Swedbank AB purchased a new stake in e.l.f. Beauty during the 3rd quarter worth approximately $76,321,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,528 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the sale, the chief executive officer now owns 106,016 shares in the company, valued at approximately $14,465,883.20. This represents a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of ELF opened at $126.42 on Friday. The firm has a fifty day moving average price of $112.24 and a 200 day moving average price of $152.81. The stock has a market cap of $7.12 billion, a PE ratio of 68.34, a price-to-earnings-growth ratio of 2.67 and a beta of 1.44. e.l.f. Beauty, Inc. has a 1-year low of $98.50 and a 1-year high of $221.83. 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 announced its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The firm had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business’s revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 EPS. As a group, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Stifel Nicolaus decreased their price target on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research report on Thursday, November 7th. DA Davidson decreased their target price on e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, November 7th. TD Cowen cut their price target on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Canaccord Genuity Group decreased their price objective on 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. Finally, JPMorgan Chase & Co. cut their target price on shares of e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. One investment 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 company. According to MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $173.53.

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.