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

Avior Wealth Management LLC reduced its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 4.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,937 shares of the company’s stock after selling 148 shares during the quarter. Avior Wealth Management LLC’s holdings in e.l.f. Beauty were worth $369,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. raised its position in e.l.f. Beauty by 1,380.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock valued at $1,775,000 after buying an additional 15,184 shares during the last quarter. Cetera Investment Advisers increased its position in shares of e.l.f. Beauty by 33.8% during the 2nd quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock valued at $8,285,000 after purchasing an additional 9,939 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of e.l.f. Beauty by 84.4% during the 2nd 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 last quarter. Capricorn Fund Managers Ltd purchased a new stake in shares of e.l.f. Beauty during the 4th quarter valued at $7,118,000. Finally, Congress Asset Management Co. increased its position in shares of e.l.f. Beauty by 14.2% during the 3rd quarter. Congress Asset Management Co. now owns 503,577 shares of the company’s stock valued at $54,905,000 after purchasing an additional 62,480 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $110.63 on Monday. The company has a market cap of $6.23 billion, a PE ratio of 59.80, a price-to-earnings-growth ratio of 2.03 and a beta of 1.50. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average price of $128.46 and a 200-day moving average price of $133.98. e.l.f. Beauty, Inc. has a 12-month low of $98.50 and a 12-month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly 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 the consensus estimate of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same quarter last year, the company posted $0.66 EPS. As a group, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ELF shares. Piper Sandler raised their target price on e.l.f. Beauty from $165.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. DA Davidson reaffirmed a “buy” rating and set a $170.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, January 21st. B. Riley decreased their price objective 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. Robert W. Baird decreased their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on e.l.f. Beauty in a report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $169.06.

Insider Activity

In related news, 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 completion of the sale, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now owns 1,888 shares of the company’s stock, valued at $245,440. The trade was a 29.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is currently owned by insiders.

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.