2,420 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC bought a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,420 shares of the company’s stock, valued at approximately $304,000.

Other large investors have also made changes to their positions in the company. Nisa Investment Advisors LLC boosted its holdings in shares of 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 during the last quarter. Cetera Trust Company N.A boosted its stake in shares of e.l.f. Beauty by 14.4% during the 3rd quarter. Cetera Trust Company N.A now owns 1,030 shares of the company’s stock worth $112,000 after acquiring an additional 130 shares during the last quarter. Fulton Bank N.A. grew its position 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 acquiring an additional 139 shares during the period. Sequoia Financial Advisors LLC raised its holdings 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 position in e.l.f. Beauty by 7.5% during the third quarter. Independent Advisor Alliance now owns 2,983 shares of the company’s stock valued at $325,000 after purchasing an additional 207 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Canaccord Genuity Group reduced their price target on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Robert W. Baird decreased their target price on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. DA Davidson reiterated a “buy” rating and issued a $170.00 price target on shares of e.l.f. Beauty in a research report on Tuesday, January 21st. UBS Group lifted their target price on shares of 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. Finally, Bank of America cut their price target 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. One analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $169.06.

Insider Transactions at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 785 shares of the firm’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 transaction of $102,050.00. Following the completion of the sale, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $245,440. This trade represents a 29.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott Milsten sold 530 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, 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 Stock Down 6.5 %

Shares of NYSE:ELF opened at $100.07 on Friday. The company has a 50-day moving average price of $127.22 and a 200 day moving average price of $131.70. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. 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 market cap of $5.64 billion, a price-to-earnings ratio of 54.09, a PEG ratio of 1.84 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF) last released its earnings results 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. The firm had revenue of $301.10 million for 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. As a group, equities research analysts predict that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

About e.l.f. Beauty

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.