Diversify Wealth Management LLC Has $1.33 Million Position in e.l.f. Beauty (NYSE:ELF)

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

Several other institutional investors also recently added to or reduced their stakes in ELF. Nemes Rush Group LLC purchased a new position in shares of e.l.f. Beauty in the 4th quarter valued at approximately $27,000. Orion Capital Management LLC purchased a new position in shares of e.l.f. Beauty during the 4th quarter worth approximately $30,000. Golden State Wealth Management LLC acquired a new position in shares of e.l.f. Beauty in the first quarter worth $33,000. Horizon Investments LLC raised its stake in e.l.f. Beauty by 29.0% in the 4th quarter. Horizon Investments LLC now owns 742 shares of the company's stock valued at $93,000 after purchasing an additional 167 shares during the last quarter. Finally, Covestor Ltd lifted its stake in shares of e.l.f. Beauty by 55.7% during the fourth quarter. Covestor Ltd now owns 928 shares of the company's stock valued at $117,000 after buying an additional 332 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

Wall Street Analysts Forecast Growth

ELF has been the topic of a number of research analyst reports. Canaccord Genuity Group raised their price target on e.l.f. Beauty from $114.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Jefferies Financial Group set a $115.00 price target on shares of e.l.f. Beauty and gave the company a "buy" rating in a report on Thursday, May 29th. Robert W. Baird lifted their price objective on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Bank of America lifted their price objective on shares of 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of e.l.f. Beauty from $70.00 to $123.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $121.13.

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 dated Thursday, June 5th. The shares were sold at an average price of $117.61, for a total value of $175,944.56. Following the completion of the sale, the insider directly owned 158,303 shares of the company's stock, valued at approximately $18,618,015.83. This represents a 0.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott Milsten sold 1,442 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $114.78, for a total transaction of $165,512.76. Following the completion of the sale, the insider directly owned 117,394 shares of the company's stock, valued at $13,474,483.32. The trade was a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 327,207 shares of company stock valued at $25,252,926. Corporate insiders own 3.90% of the company's stock.

e.l.f. Beauty Stock Performance

Shares of ELF traded up $0.94 during midday trading on Tuesday, hitting $106.96. 2,118,522 shares of the stock traded hands, compared to its average volume of 2,563,734. e.l.f. Beauty has a 1-year low of $49.40 and a 1-year high of $210.88. The firm has a market capitalization of $6.07 billion, a PE ratio of 55.42, a price-to-earnings-growth ratio of 2.60 and a beta of 1.52. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.00 and a current ratio of 3.05. The business's 50 day moving average price is $106.34 and its two-hundred day moving average price is $89.51.

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

e.l.f. Beauty Company 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.