Alliance Wealth Advisors LLC UT Grows Position in e.l.f. Beauty $ELF

Key Points

• Alliance Wealth Advisors LLC UT increased its stake in e.l.f. Beauty by 56.1% during the first quarter, now holding 10,487 shares worth approximately $658,000.
• Multiple equity analysts have raised their price targets for e.l.f. Beauty, with Robert W. Baird setting a new target of $145.00 and Morgan Stanley increasing theirs to $134.00.
• e.l.f. Beauty reported an EPS of $0.89 for the last quarter, surpassing expectations and showing a 9.0% year-over-year revenue growth.

Alliance Wealth Advisors LLC UT grew its holdings in e.l.f. Beauty (NYSE:ELF - Free Report) by 56.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,487 shares of the company's stock after buying an additional 3,770 shares during the period. Alliance Wealth Advisors LLC UT's holdings in e.l.f. Beauty were worth $658,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC bought a new stake in shares of e.l.f. Beauty in the 4th quarter worth about $30,000. Golden State Wealth Management LLC bought a new stake in shares of e.l.f. Beauty in the 1st quarter worth about $33,000. Larson Financial Group LLC lifted its holdings in shares of e.l.f. Beauty by 56.5% in the 1st quarter. Larson Financial Group LLC now owns 676 shares of the company's stock worth $42,000 after acquiring an additional 244 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of e.l.f. Beauty by 27.9% in the 1st quarter. Signaturefd LLC now owns 858 shares of the company's stock worth $54,000 after acquiring an additional 187 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of e.l.f. Beauty in the 1st quarter worth about $69,000. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Stock Up 0.3%

Shares of e.l.f. Beauty stock traded up $0.3360 on Wednesday, reaching $120.1660. The stock had a trading volume of 1,138,211 shares, compared to its average volume of 2,695,509. The company has a 50 day moving average price of $119.00 and a 200 day moving average price of $88.69. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $172.49. The stock has a market capitalization of $7.13 billion, a P/E ratio of 70.53, a P/E/G ratio of 3.06 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. The firm had revenue of $353.74 million for the quarter, compared to the consensus estimate of $348.99 million. During the same quarter in the previous year, the firm earned $1.10 EPS. The company's quarterly revenue was up 9.0% compared to the same quarter last year. As a group, equities research analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ELF shares. Robert W. Baird raised their target price on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Morgan Stanley upgraded shares of e.l.f. Beauty from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $114.00 to $134.00 in a report on Monday, August 11th. JPMorgan Chase & Co. decreased their price objective on shares of e.l.f. Beauty from $132.00 to $130.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. UBS Group decreased their price objective on shares of e.l.f. Beauty from $120.00 to $112.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. Finally, The Goldman Sachs Group lifted their price objective on shares of e.l.f. Beauty from $120.00 to $137.00 and gave the company a "buy" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.81.

Insiders Place Their Bets

In other e.l.f. Beauty news, insider Kory Marchisotto sold 1,496 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $117.61, for a total transaction of $175,944.56. Following the completion of the transaction, the insider directly owned 158,303 shares in the company, valued at approximately $18,618,015.83. This represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Scott Milsten sold 1,442 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $114.78, for a total transaction of $165,512.76. Following the transaction, the insider owned 117,394 shares of the company's stock, valued at $13,474,483.32. This represents a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 131,219 shares of company stock worth $15,098,642. Company insiders own 3.90% of the company's stock.

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.