18,681 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Purchased by Focus Partners Wealth

Focus Partners Wealth purchased a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 18,681 shares of the company's stock, valued at approximately $2,350,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ELF. Nemes Rush Group LLC purchased a new stake in e.l.f. Beauty in the 4th quarter valued at approximately $27,000. Promus Capital LLC acquired a new stake in e.l.f. Beauty in the fourth quarter valued at $31,000. Kestra Investment Management LLC purchased a new position in shares of e.l.f. Beauty in the fourth quarter valued at $32,000. Financial Life Planners purchased a new stake in shares of e.l.f. Beauty in the 4th quarter worth about $46,000. Finally, Wilmington Savings Fund Society FSB grew its stake in e.l.f. Beauty by 84.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company's stock valued at $54,000 after acquiring an additional 197 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Joshua Allen Franks sold 51,353 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,196.08. Following the sale, the senior vice president now directly owns 114,660 shares in the company, valued at approximately $6,118,257.60. This trade represents a 30.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kory Marchisotto sold 51,350 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $2,740,036.00. Following the sale, the insider now owns 152,492 shares in the company, valued at $8,136,973.12. This represents a 25.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 204,618 shares of company stock worth $10,974,536 over the last three months. 3.50% of the stock is owned by insiders.

e.l.f. Beauty Trading Down 1.2%

Shares of ELF traded down $0.99 during trading hours on Wednesday, hitting $80.52. The stock had a trading volume of 417,554 shares, compared to its average volume of 2,402,324. e.l.f. Beauty, Inc. has a 12-month low of $49.40 and a 12-month high of $219.77. The firm has a market cap of $4.54 billion, a P/E ratio of 47.66, a P/E/G ratio of 6.76 and a beta of 1.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The company's fifty day simple moving average is $62.83 and its 200 day simple moving average is $93.06.

Analyst Ratings Changes

A number of brokerages have issued reports on ELF. UBS Group lifted their target price on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the stock a "neutral" rating in a research report on Wednesday. DA Davidson reduced their target price on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Truist Financial lowered their target price on e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Bank of America boosted their price target on e.l.f. Beauty from $80.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Robert W. Baird upped their price objective on e.l.f. Beauty from $85.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, May 14th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $109.82.

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.