e.l.f. Beauty, Inc. (NYSE:ELF) Shares Purchased by Diversified Trust Co

Diversified Trust Co grew its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 119.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,745 shares of the company’s stock after acquiring an additional 8,585 shares during the quarter. Diversified Trust Co’s holdings in e.l.f. Beauty were worth $1,977,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ELF. Arizona State Retirement System raised its stake in e.l.f. Beauty by 2.4% during the second quarter. Arizona State Retirement System now owns 15,538 shares of the company’s stock worth $3,274,000 after purchasing an additional 368 shares during the period. Private Advisor Group LLC increased its holdings in shares of e.l.f. Beauty by 133.7% during the 2nd quarter. Private Advisor Group LLC now owns 4,976 shares of the company’s stock worth $1,049,000 after buying an additional 2,847 shares during the last quarter. PFG Investments LLC raised its position in shares of e.l.f. Beauty by 11.6% in the 2nd quarter. PFG Investments LLC now owns 2,926 shares of the company’s stock worth $617,000 after buying an additional 305 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in e.l.f. Beauty in the second quarter valued at $26,000. Finally, Wedbush Securities Inc. grew its position in e.l.f. Beauty by 63.3% during the second quarter. Wedbush Securities Inc. now owns 1,803 shares of the company’s stock valued at $380,000 after acquiring an additional 699 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group started coverage on e.l.f. Beauty in a research note on Friday, December 13th. They issued a “buy” rating and a $165.00 price objective on the stock. Truist Financial boosted their price objective on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Morgan Stanley cut their target price on shares of 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. Robert W. Baird decreased their price target on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Finally, Stifel Nicolaus cut their price objective on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.94.

e.l.f. Beauty Price Performance

Shares of ELF stock opened at $127.76 on Wednesday. The firm has a fifty day moving average of $125.96 and a two-hundred day moving average of $140.86. The firm has a market cap of $7.20 billion, a P/E ratio of 69.06, a P/E/G ratio of 3.03 and a beta of 1.50. 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.

e.l.f. Beauty (NYSE:ELF) last posted 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 business had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. During the same period last year, the firm earned $0.66 earnings per share. The company’s revenue for the quarter was up 39.7% compared to the same quarter last year. As a group, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Maureen C. Watson sold 785 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. This trade represents a 29.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 890 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 transaction of $122,464.00. Following the completion of the transaction, the chief executive officer now directly owns 99,699 shares in the company, valued at $13,718,582.40. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety 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 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.