Moody National Bank Trust Division Makes New $226,000 Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

Moody National Bank Trust Division purchased a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the fourth quarter, Holdings Channel.com reports. The firm purchased 1,800 shares of the company’s stock, valued at approximately $226,000.

Several other institutional investors have also recently made changes to their positions in ELF. City Center Advisors LLC purchased a new position in shares of e.l.f. Beauty during the fourth quarter worth about $373,000. Harbor Capital Advisors Inc. lifted its position in 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 purchasing an additional 58,705 shares during the last quarter. Diversified Trust Co grew its stake 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 worth $1,977,000 after buying an additional 8,585 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of e.l.f. Beauty by 130.8% in the 4th quarter. GAMMA Investing LLC now owns 861 shares of the company’s stock worth $108,000 after buying an additional 488 shares during the last quarter. Finally, Logan Capital Management Inc. raised its position in shares of e.l.f. Beauty by 6.4% during the 3rd quarter. Logan Capital Management Inc. now owns 42,923 shares of the company’s stock valued at $4,680,000 after buying an additional 2,565 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Jefferies Financial Group cut their target price 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. B. Riley cut their price objective on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Canaccord Genuity Group decreased their price objective on 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. Piper Sandler upped their target price on e.l.f. Beauty from $165.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They set a “hold” rating and a $133.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $172.76.

e.l.f. Beauty Stock Down 2.0 %

NYSE ELF opened at $128.91 on Thursday. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83. The stock has a market capitalization of $7.26 billion, a PE ratio of 69.68, a PEG ratio of 3.08 and a beta of 1.50. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The business’s 50-day moving average is $128.27 and its 200 day moving average is $138.03.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. The firm had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same period last year, the company earned $0.66 EPS. Sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In other news, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was 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 owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction on Friday, November 29th. The stock was 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 directly owns 1,888 shares in the company, valued at approximately $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock worth $297,442 over the last 90 days. 3.50% of the stock is owned by company insiders.

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.