Orion Portfolio Solutions LLC Grows Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Orion Portfolio Solutions LLC raised its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 19.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,812 shares of the company’s stock after acquiring an additional 1,090 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in e.l.f. Beauty were worth $743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at $26,000. Innealta Capital LLC bought a new stake in shares of e.l.f. Beauty during the second quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. increased 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 valued at $36,000 after buying an additional 138 shares during the period. Crewe Advisors LLC lifted its holdings in shares of e.l.f. Beauty by 456.3% in the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock worth $38,000 after buying an additional 146 shares in the last quarter. Finally, Planning Capital Management Corp boosted its position in shares of e.l.f. Beauty by 1,855.0% in the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after acquiring an additional 371 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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

In related news, insider Scott Milsten sold 530 shares of the firm’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 sale, the insider now directly owns 68,853 shares of the company’s stock, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tarang Amin sold 890 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the transaction, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at $13,718,582.40. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. lowered 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. TD Cowen dropped their price objective on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Morgan Stanley decreased their target price on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a research note on Monday, September 30th. Piper Sandler reaffirmed an “overweight” rating and issued a $165.00 price target (up previously from $162.00) on shares of e.l.f. Beauty in a report on Thursday, November 7th. Finally, Truist Financial cut their price objective on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and an average price target of $170.65.

e.l.f. Beauty Trading Down 0.2 %

Shares of ELF stock opened at $140.37 on Tuesday. The business has a 50-day moving average of $119.74 and a 200 day moving average of $148.38. 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, Inc. has a 1-year low of $98.50 and a 1-year high of $221.83. The stock has a market capitalization of $7.91 billion, a PE ratio of 75.88, a P/E/G ratio of 3.03 and a beta of 1.49.

e.l.f. Beauty (NYSE:ELF) last issued its 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 net margin of 8.87% and a return on equity of 19.34%. The firm had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $289.43 million. During the same quarter last year, the business earned $0.66 earnings per share. The business’s revenue was up 39.7% on a year-over-year basis. As a group, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current 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.