Wealth Enhancement Advisory Services LLC Acquires 2,505 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Wealth Enhancement Advisory Services LLC boosted its holdings in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 42.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,347 shares of the company's stock after buying an additional 2,505 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in e.l.f. Beauty were worth $1,048,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nemes Rush Group LLC purchased a new position in shares of e.l.f. Beauty during the fourth quarter valued at approximately $27,000. Orion Capital Management LLC purchased a new stake in e.l.f. Beauty during the 4th quarter valued at $30,000. Promus Capital LLC bought a new position in shares of e.l.f. Beauty during the 4th quarter valued at $31,000. Kestra Investment Management LLC purchased a new position in shares of e.l.f. Beauty in the 4th quarter worth $32,000. Finally, Wilmington Savings Fund Society FSB grew its holdings in shares of e.l.f. Beauty by 84.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company's stock worth $54,000 after acquiring an additional 197 shares during the period. Institutional investors own 92.44% of the company's stock.

Wall Street Analyst Weigh In

ELF has been the subject of several research reports. Truist Financial upped their price target on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Friday. Morgan Stanley upped their target price on shares of e.l.f. Beauty from $70.00 to $105.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Piper Sandler reissued an "overweight" rating and set a $109.00 price objective (up previously from $81.00) on shares of e.l.f. Beauty in a research report on Thursday, May 29th. JPMorgan Chase & Co. upped their price objective on 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. Finally, UBS Group lifted their target price on e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $120.71.

e.l.f. Beauty Trading Up 1.8%

Shares of ELF opened at $117.83 on Monday. The firm has a market cap of $6.64 billion, a P/E ratio of 69.72, a price-to-earnings-growth ratio of 6.76 and a beta of 1.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. e.l.f. Beauty, Inc. has a 1 year low of $49.40 and a 1 year high of $219.77. The company has a 50 day simple moving average of $72.37 and a two-hundred day simple moving average of $91.24.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. The business had revenue of $332.65 million for the quarter, compared to analysts' expectations of $327.45 million. During the same quarter in the previous year, the company earned $0.53 EPS. The business's quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities analysts expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 9,921 shares of the business'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 transaction of $1,146,470.76. Following the sale, the insider now directly owns 63,409 shares of the company's stock, valued at $7,327,544.04. The trade was a 13.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tarang Amin sold 97,915 shares of the company's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $5,224,744.40. Following the sale, the chief executive officer now owns 181,289 shares in the company, valued at approximately $9,673,581.04. This trade represents a 35.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 309,375 shares of company stock valued at $23,170,147 in the last quarter. 3.50% of the stock is currently owned by insiders.

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.

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