e.l.f. Beauty (NYSE:ELF) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC decreased its holdings in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 48.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,075 shares of the company's stock after selling 4,686 shares during the quarter. Diversify Advisory Services LLC's holdings in e.l.f. Beauty were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Champlain Investment Partners LLC lifted its stake in 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 last quarter. Aspex Management HK Ltd purchased a new stake in e.l.f. Beauty in the 4th quarter worth approximately $73,576,000. AXA S.A. increased its stake in shares of e.l.f. Beauty by 2,074.4% during the 4th quarter. AXA S.A. now owns 394,005 shares of the company's stock worth $49,467,000 after purchasing an additional 375,885 shares during the last quarter. Generate Investment Management Ltd acquired a new position in shares of e.l.f. Beauty during the 1st quarter worth $21,650,000. Finally, Congress Asset Management Co. grew its stake in e.l.f. Beauty by 53.7% in the 1st quarter. Congress Asset Management Co. now owns 938,970 shares of the company's stock valued at $58,958,000 after buying an additional 327,980 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Insider Transactions at e.l.f. Beauty

In other news, insider Scott Milsten sold 11,860 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $115.56, for a total value of $1,370,541.60. Following the sale, the insider directly owned 118,836 shares of the company's stock, valued at approximately $13,732,688.16. This represents a 9.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 24,533 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $115.56, for a total transaction of $2,835,033.48. Following the completion of the sale, the chief executive officer directly owned 188,991 shares of the company's stock, 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 quarter, insiders sold 126,589 shares of company stock valued at $14,547,949. 3.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ELF. Raymond James Financial lifted their price target on shares of e.l.f. Beauty from $95.00 to $105.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. UBS Group upped their price objective on shares of e.l.f. Beauty from $95.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. raised their price objective on shares of e.l.f. Beauty from $70.00 to $123.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Truist Financial increased their target price on e.l.f. Beauty from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Finally, B. Riley reiterated a "buy" rating and set a $150.00 target price (up from $110.00) on shares of e.l.f. Beauty in a research note on Friday, June 13th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $123.38.

e.l.f. Beauty Price Performance

NYSE:ELF traded up $4.46 during trading hours on Tuesday, reaching $116.07. 1,528,060 shares of the company traded hands, compared to its average volume of 2,562,259. The firm'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 P/E ratio of 60.14, a P/E/G ratio of 2.78 and a beta of 1.52. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.05 and a quick ratio of 2.00. e.l.f. Beauty has a 1-year low of $49.40 and a 1-year 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 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. The company had revenue of $332.65 million during the quarter, compared to analyst estimates of $327.45 million. e.l.f. Beauty had a return on equity of 17.98% and a net margin of 8.53%. The business's revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 earnings per share. Equities research analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

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.