Flagship Harbor Advisors LLC Purchases 538 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Flagship Harbor Advisors LLC lifted its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 24.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,754 shares of the company’s stock after purchasing an additional 538 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in e.l.f. Beauty were worth $346,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its stake in e.l.f. Beauty by 3.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock worth $361,000 after buying an additional 91 shares in the last quarter. Cetera Trust Company N.A boosted its stake in shares of e.l.f. Beauty by 14.4% in the 3rd quarter. Cetera Trust Company N.A now owns 1,030 shares of the company’s stock valued at $112,000 after purchasing an additional 130 shares in the last quarter. Fulton Bank N.A. grew its holdings in shares of e.l.f. Beauty by 1.7% during the 3rd quarter. Fulton Bank N.A. now owns 8,222 shares of the company’s stock valued at $896,000 after purchasing an additional 139 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in e.l.f. Beauty by 6.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,609 shares of the company’s stock worth $284,000 after purchasing an additional 159 shares during the period. Finally, Independent Advisor Alliance lifted its stake in e.l.f. Beauty by 7.5% in the third quarter. Independent Advisor Alliance now owns 2,983 shares of the company’s stock worth $325,000 after purchasing an additional 207 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the transaction, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,205 shares of company stock valued at $297,442. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Up 0.1 %

Shares of e.l.f. Beauty stock opened at $106.28 on Thursday. 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. The company has a 50-day moving average of $127.78 and a 200 day moving average of $132.05. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 57.45, a PEG ratio of 2.03 and a beta of 1.50.

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 analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $289.43 million. During the same period in the previous year, the firm posted $0.66 EPS. The business’s revenue for the quarter was up 39.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. UBS Group raised their price objective on e.l.f. Beauty from $156.00 to $158.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. lifted their price target on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Bank of America dropped their price objective on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Truist Financial upped their price target 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. Finally, Piper Sandler raised their price target on shares of e.l.f. Beauty from $165.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $169.06.

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.