4WEALTH Advisors Inc. Acquires 3,831 Shares of e.l.f. Beauty (NYSE:ELF)

4WEALTH Advisors Inc. boosted its stake in e.l.f. Beauty (NYSE:ELF - Free Report) by 89.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,096 shares of the company's stock after buying an additional 3,831 shares during the period. 4WEALTH Advisors Inc.'s holdings in e.l.f. Beauty were worth $508,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC increased its holdings in shares of e.l.f. Beauty by 99.7% during the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock valued at $279,531,000 after purchasing an additional 1,111,550 shares during the period. Aspex Management HK Ltd acquired a new position in shares of e.l.f. Beauty during the fourth quarter valued at $73,576,000. AXA S.A. increased its holdings in shares of e.l.f. Beauty by 2,074.4% during the fourth quarter. AXA S.A. now owns 394,005 shares of the company's stock valued at $49,467,000 after purchasing an additional 375,885 shares during the period. Generate Investment Management Ltd acquired a new position in shares of e.l.f. Beauty during the first quarter valued at $21,650,000. Finally, Congress Asset Management Co. increased its holdings in shares of e.l.f. Beauty by 53.7% during the first quarter. Congress Asset Management Co. now owns 938,970 shares of the company's stock valued at $58,958,000 after purchasing an additional 327,980 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 11,860 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $115.56, for a total value of $1,370,541.60. Following the sale, the senior vice president owned 121,967 shares in the company, valued at $14,094,506.52. This represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Tarang Amin sold 24,533 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $115.56, for a total value of $2,835,033.48. Following the completion of the sale, the chief executive officer owned 188,991 shares in the company, valued at $21,839,799.96. This represents a 11.49% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 126,589 shares of company stock valued at $14,547,949. Corporate insiders own 3.90% of the company's stock.

e.l.f. Beauty Trading Up 4.0%

NYSE ELF traded up $4.46 on Tuesday, reaching $116.07. The company had a trading volume of 1,528,189 shares, compared to its average volume of 2,562,261. The stock's 50 day moving average is $109.84 and its 200-day moving average is $89.11. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 60.14, a PEG ratio of 2.78 and a beta of 1.52. The company has a quick ratio of 2.00, a current ratio of 3.05 and a debt-to-equity ratio of 0.34. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $190.38.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. The firm had revenue of $332.65 million during the quarter, compared to analysts' expectations of $327.45 million. e.l.f. Beauty had a return on equity of 17.98% and a net margin of 8.53%. The company's revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 earnings per share. Equities analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. UBS Group increased their price target on e.l.f. Beauty from $95.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Canaccord Genuity Group increased their price target on e.l.f. Beauty from $114.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Morgan Stanley increased their price target on e.l.f. Beauty from $70.00 to $105.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Raymond James Financial increased their price target on e.l.f. Beauty from $95.00 to $105.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Finally, Jefferies Financial Group set a $115.00 price target on e.l.f. Beauty and gave the company a "buy" rating in a research report on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $123.38.

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.