Flagship Harbor Advisors LLC Increases Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Flagship Harbor Advisors LLC increased its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 24.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,754 shares of the company’s stock after purchasing an additional 538 shares during the period. Flagship Harbor Advisors LLC’s holdings in e.l.f. Beauty were worth $346,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ELF. Nisa Investment Advisors LLC raised its stake in e.l.f. Beauty by 3.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock valued at $361,000 after buying an additional 91 shares during the last quarter. Cetera Trust Company N.A grew its holdings in shares of e.l.f. Beauty by 14.4% in the third quarter. Cetera Trust Company N.A now owns 1,030 shares of the company’s stock worth $112,000 after acquiring an additional 130 shares during the period. Fulton Bank N.A. increased its position in e.l.f. Beauty by 1.7% during the third quarter. Fulton Bank N.A. now owns 8,222 shares of the company’s stock valued at $896,000 after acquiring an additional 139 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in e.l.f. Beauty by 6.5% in the third quarter. Sequoia Financial Advisors LLC now owns 2,609 shares of the company’s stock valued at $284,000 after acquiring an additional 159 shares during the period. Finally, Independent Advisor Alliance boosted its position in e.l.f. Beauty by 7.5% in the third quarter. Independent Advisor Alliance now owns 2,983 shares of the company’s stock worth $325,000 after purchasing an additional 207 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ELF shares. B. Riley lowered 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. Robert W. Baird dropped their price target on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. JPMorgan Chase & Co. upped their price objective on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. UBS Group lifted their target price on e.l.f. Beauty from $156.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, DA Davidson restated a “buy” rating and issued a $170.00 price target on shares of e.l.f. Beauty in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $169.06.

Insider Activity at e.l.f. Beauty

In related news, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following 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 have sold a total of 2,205 shares of company stock valued at $297,442 over the last 90 days. 3.50% of the stock is owned by corporate insiders.

e.l.f. Beauty Trading Up 0.1 %

Shares of e.l.f. Beauty stock opened at $106.28 on Thursday. e.l.f. Beauty, Inc. has a twelve month low of $98.50 and a twelve month 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 business has a 50-day moving average price of $127.78 and a 200-day moving average price of $132.05. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 57.45, a PEG ratio of 2.03 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.34. The business had revenue of $301.10 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. Equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

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.