Integrated Wealth Concepts LLC Buys 641 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Integrated Wealth Concepts LLC raised its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 37.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,335 shares of the company’s stock after acquiring an additional 641 shares during the period. Integrated Wealth Concepts LLC’s holdings in e.l.f. Beauty were worth $255,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Baillie Gifford & Co. raised its holdings 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 valued at $578,480,000 after buying an additional 1,501,151 shares during the last quarter. William Blair Investment Management LLC raised its stake 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 valued at $318,647,000 after acquiring an additional 168,267 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of e.l.f. Beauty by 84.4% during the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after purchasing an additional 576,383 shares during the period. FMR LLC grew its stake in shares of e.l.f. Beauty by 5.5% in the third quarter. FMR LLC now owns 1,186,766 shares of the company’s stock worth $129,393,000 after purchasing an additional 61,524 shares during the last quarter. Finally, Champlain Investment Partners LLC purchased a new position in e.l.f. Beauty during the 3rd quarter valued at about $121,558,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

ELF has been the subject of several research analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $165.00 price objective (up previously from $162.00) on shares of e.l.f. Beauty in a report on Thursday, November 7th. Stifel Nicolaus dropped their price target on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. Robert W. Baird reduced their price objective on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Bank of America dropped their target price on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Finally, B. Riley reduced their price target on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $170.65.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, insider Scott Milsten sold 530 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maureen C. Watson sold 785 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. The trade was a 29.37 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,205 shares of company stock worth $297,442. Corporate insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Up 6.9 %

ELF stock opened at $140.60 on Friday. 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 business has a 50 day moving average of $118.27 and a 200 day moving average of $149.58. e.l.f. Beauty, Inc. has a twelve month low of $98.50 and a twelve month high of $221.83. The firm has a market cap of $7.92 billion, a PE ratio of 72.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The firm had revenue of $301.10 million during the quarter, compared to analyst estimates of $289.43 million. During the same quarter in the previous year, the firm earned $0.66 EPS. e.l.f. Beauty’s quarterly revenue was up 39.7% compared to the same quarter last year. On average, research analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

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.