Fifth Third Wealth Advisors LLC Purchases Shares of 1,776 e.l.f. Beauty, Inc. (NYSE:ELF)

Fifth Third Wealth Advisors LLC acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,776 shares of the company’s stock, valued at approximately $223,000.

Several other institutional investors have also recently modified their holdings of the stock. MRA Advisory Group purchased a new position in e.l.f. Beauty during the fourth quarter worth $204,000. Moody National Bank Trust Division acquired a new stake in shares of e.l.f. Beauty during the fourth quarter valued at $226,000. City Center Advisors LLC purchased a new stake in e.l.f. Beauty during the 4th quarter worth about $373,000. Harbor Capital Advisors Inc. raised its stake in e.l.f. Beauty by 419.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 72,705 shares of the company’s stock valued at $9,128,000 after purchasing an additional 58,705 shares during the last quarter. Finally, Diversified Trust Co lifted its holdings in e.l.f. Beauty by 119.9% in the 4th quarter. Diversified Trust Co now owns 15,745 shares of the company’s stock valued at $1,977,000 after purchasing an additional 8,585 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $127.17 on Friday. The firm has a fifty day moving average of $129.27 and a 200-day moving average of $136.94. e.l.f. Beauty, Inc. has a 52-week low of $98.50 and a 52-week high of $221.83. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $7.16 billion, a P/E ratio of 68.74, a PEG ratio of 2.17 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 EPS. As a group, analysts predict that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. DA Davidson reissued a “buy” rating and issued a $170.00 price objective on shares of e.l.f. Beauty in a research report on Thursday, December 19th. Morgan Stanley upgraded e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $139.00 to $153.00 in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft started coverage on e.l.f. Beauty in a report on Thursday, December 12th. They set a “hold” rating and a $133.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Jefferies Financial Group decreased their price target on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $169.06.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were 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. This trade represents a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the transaction, the chief executive officer now directly owns 99,699 shares in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is currently owned by company 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.