Diversify Wealth Management LLC Acquires 16,009 Shares of e.l.f. Beauty (NYSE:ELF)

Diversify Wealth Management LLC raised its stake in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 293.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,465 shares of the company's stock after buying an additional 16,009 shares during the quarter. Diversify Wealth Management LLC's holdings in e.l.f. Beauty were worth $1,334,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Caas Capital Management LP lifted its holdings in shares of e.l.f. Beauty by 1,466.7% during the 1st quarter. Caas Capital Management LP now owns 4,700 shares of the company's stock valued at $295,000 after purchasing an additional 4,400 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of e.l.f. Beauty by 42.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 103,235 shares of the company's stock valued at $6,482,000 after purchasing an additional 30,530 shares in the last quarter. Granahan Investment Management LLC bought a new position in shares of e.l.f. Beauty during the 4th quarter valued at about $9,671,000. Vontobel Holding Ltd. lifted its holdings in shares of e.l.f. Beauty by 165.6% during the 1st quarter. Vontobel Holding Ltd. now owns 15,181 shares of the company's stock valued at $953,000 after purchasing an additional 9,466 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of e.l.f. Beauty by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company's stock valued at $690,174,000 after purchasing an additional 68,103 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Performance

Shares of ELF stock traded down $5.27 during trading on Friday, reaching $110.10. 2,011,960 shares of the company's stock were exchanged, compared to its average volume of 2,564,319. The company has a quick ratio of 2.00, a current ratio of 3.05 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $6.25 billion, a PE ratio of 57.05, a PEG ratio of 2.73 and a beta of 1.52. e.l.f. Beauty has a twelve month low of $49.40 and a twelve month high of $219.77. The firm's fifty day moving average price is $105.57 and its 200-day moving average price is $90.24.

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

Insider Transactions at e.l.f. Beauty

In other news, insider Jennifer Catherine Hartnett sold 18,383 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $109.99, for a total transaction of $2,021,946.17. Following the completion of the sale, the insider directly owned 54,163 shares in the company, valued at approximately $5,957,388.37. This represents a 25.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Scott Milsten sold 11,860 shares of the company's stock in a transaction on 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 owned 118,836 shares of the company's stock, valued at approximately $13,732,688.16. The trade was a 9.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 327,207 shares of company stock worth $25,252,926. 3.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ELF. UBS Group lifted their price objective on e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, May 21st. Piper Sandler restated an "overweight" rating and issued a $109.00 target price (up previously from $81.00) on shares of e.l.f. Beauty in a research note on Thursday, May 29th. Bank of America boosted their target price on e.l.f. Beauty from $113.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Truist Financial boosted their target price on e.l.f. Beauty from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Finally, B. Riley restated a "buy" rating and issued a $150.00 target price (up previously from $110.00) on shares of e.l.f. Beauty in a research note on Friday, June 13th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $121.13.

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.