PFG Investments LLC Increases Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

PFG Investments LLC raised its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 60.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,847 shares of the company’s stock after purchasing an additional 1,828 shares during the quarter. PFG Investments LLC’s holdings in e.l.f. Beauty were worth $609,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. First Citizens Bank & Trust Co. purchased a new stake in shares of e.l.f. Beauty during the 4th quarter valued at approximately $204,000. Tran Capital Management L.P. purchased a new stake in shares of e.l.f. Beauty during the fourth quarter worth $4,293,000. Flagship Harbor Advisors LLC grew its position in shares of e.l.f. Beauty by 24.3% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,754 shares of the company’s stock valued at $346,000 after purchasing an additional 538 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of e.l.f. Beauty by 3.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock valued at $361,000 after purchasing an additional 91 shares during the period. Finally, Capricorn Fund Managers Ltd purchased a new stake in e.l.f. Beauty during the 4th quarter worth about $7,118,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Up 0.1 %

Shares of NYSE:ELF opened at $106.28 on Thursday. e.l.f. Beauty, Inc. has a 12-month low of $98.50 and a 12-month high of $221.83. 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’s 50-day moving average price is $127.78 and its 200-day moving average price is $132.05. The stock has a market capitalization of $5.99 billion, a P/E ratio of 57.45, a price-to-earnings-growth ratio of 2.03 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating 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 the consensus estimate of $289.43 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. The business’s revenue was up 39.7% on a year-over-year basis. On average, equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley upgraded e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $139.00 to $153.00 in a research report on Monday, January 13th. The Goldman Sachs Group started coverage on shares of e.l.f. Beauty in a research note on Friday, December 13th. They issued a “buy” rating and a $165.00 target price on the stock. Bank of America reduced their price target 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. Piper Sandler lifted their price objective on e.l.f. Beauty from $165.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, Stifel Nicolaus decreased their target price on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.06.

Insiders Place Their Bets

In related news, Director Maureen C. Watson sold 785 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the sale, the director now directly owns 1,888 shares of the company’s stock, valued at $245,440. This trade represents a 29.37 % 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, insider Scott Milsten sold 530 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 $72,928.00. Following the transaction, the insider now directly owns 68,853 shares of the company’s stock, valued at $9,474,172.80. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock valued at $297,442 in the last quarter. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Company 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.