Park Avenue Securities LLC Has $1.21 Million Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Park Avenue Securities LLC boosted its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 30.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,651 shares of the company’s stock after buying an additional 2,274 shares during the period. Park Avenue Securities LLC’s holdings in e.l.f. Beauty were worth $1,212,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ELF. Fifth Third Wealth Advisors LLC purchased a new stake in shares of e.l.f. Beauty in the 4th quarter valued at approximately $223,000. MRA Advisory Group acquired a new stake in e.l.f. Beauty during the 4th quarter valued at $204,000. Moody National Bank Trust Division purchased a new stake in shares of e.l.f. Beauty in the fourth quarter valued at $226,000. City Center Advisors LLC acquired a new stake in shares of e.l.f. Beauty in the fourth quarter worth $373,000. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of e.l.f. Beauty by 419.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 72,705 shares of the company’s stock valued at $9,128,000 after buying an additional 58,705 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Trading Down 5.0 %

NYSE:ELF opened at $127.17 on Monday. The company’s 50 day moving average is $129.27 and its 200-day moving average is $136.48. The company has a quick ratio of 1.01, a current ratio of 1.78 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 firm has a market cap of $7.16 billion, a price-to-earnings ratio of 68.74, a P/E/G ratio of 2.17 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The firm had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. During the same quarter last year, the firm posted $0.66 EPS. The business’s quarterly revenue was up 39.7% on a year-over-year basis. Equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Analyst Upgrades and Downgrades

ELF has been the subject of several research analyst reports. Bank of America reduced 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. Stifel Nicolaus decreased their price target on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a report on Thursday, November 7th. The Goldman Sachs Group started coverage on shares of e.l.f. Beauty in a research report on Friday, December 13th. They set a “buy” rating and a $165.00 price objective on the stock. UBS Group increased their target price on shares of e.l.f. Beauty from $156.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Canaccord Genuity Group lowered their price target on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $169.06.

Insiders Place Their Bets

In related news, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now owns 1,888 shares of the company’s stock, valued at approximately $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Scott Milsten sold 530 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. 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 three months. Company insiders own 3.50% of the company’s stock.

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.