e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors trimmed its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 10.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,157 shares of the company’s stock after selling 571 shares during the period. Captrust Financial Advisors’ holdings in e.l.f. Beauty were worth $562,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ELF. Wealth Enhancement Advisory Services LLC boosted its holdings in e.l.f. Beauty by 139.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,203 shares of the company’s stock valued at $1,729,000 after purchasing an additional 4,776 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of e.l.f. Beauty by 44.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,300 shares of the company’s stock worth $1,328,000 after acquiring an additional 1,935 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter worth approximately $211,000. Portside Wealth Group LLC boosted its stake in shares of e.l.f. Beauty by 3.2% during the 2nd quarter. Portside Wealth Group LLC now owns 2,982 shares of the company’s stock worth $628,000 after acquiring an additional 93 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of e.l.f. Beauty during the 2nd quarter worth approximately $232,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Trading Up 0.7 %

Shares of NYSE:ELF opened at $138.58 on Thursday. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 74.91, a PEG ratio of 3.06 and a beta of 1.49. 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 quick ratio of 1.01 and a current ratio of 1.78. The company has a 50 day moving average price of $117.75 and a 200 day moving average price of $149.71.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data 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 net margin of 8.87% and a return on equity of 19.34%. The firm had revenue of $301.10 million during the quarter, compared to analyst estimates of $289.43 million. During the same quarter last year, the business posted $0.66 EPS. The company’s revenue was up 39.7% on a year-over-year basis. On average, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Scott Milsten sold 530 shares of e.l.f. Beauty 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 transaction, the insider now owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty 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 completion of the transaction, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock worth $297,442 in the last quarter. 3.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on ELF. 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 report on Tuesday, October 15th. Jefferies Financial Group decreased their price objective on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Stifel Nicolaus reduced their price target on shares of 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. Truist Financial dropped their price objective on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, B. Riley dropped their price objective on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $173.53.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.