Wealth Enhancement Advisory Services LLC Sells 4,267 Shares of e.l.f. Beauty (NYSE:ELF)

Wealth Enhancement Advisory Services LLC lessened its stake in e.l.f. Beauty (NYSE:ELF - Free Report) by 51.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,080 shares of the company's stock after selling 4,267 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in e.l.f. Beauty were worth $256,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in e.l.f. Beauty by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company's stock valued at $690,174,000 after acquiring an additional 68,103 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in e.l.f. Beauty by 40.9% in the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock valued at $289,437,000 after acquiring an additional 669,321 shares during the last quarter. Champlain Investment Partners LLC lifted its holdings in e.l.f. Beauty by 99.7% in the 4th quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock valued at $279,531,000 after acquiring an additional 1,111,550 shares during the last quarter. Clearbridge Investments LLC lifted its stake in e.l.f. Beauty by 17.5% during the fourth quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company's stock valued at $222,541,000 after buying an additional 264,296 shares in the last quarter. Finally, Congress Asset Management Co. lifted its stake in e.l.f. Beauty by 53.7% during the first 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 in the last quarter. Institutional investors own 92.44% of the company's stock.

Insider Buying and Selling

In other news, insider Mandy J. Fields sold 1,487 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $117.61, for a total value of $174,886.07. Following the completion of the sale, the insider directly owned 119,846 shares of the company's stock, valued at approximately $14,095,088.06. This represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joshua Allen Franks sold 1,496 shares of the stock in a transaction that occurred on 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 senior vice president directly owned 120,471 shares of the company's stock, valued at $14,168,594.31. This represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 327,207 shares of company stock valued at $25,252,926 in the last ninety days. Company insiders own 3.50% of the company's stock.

e.l.f. Beauty Stock Up 0.8%

NYSE:ELF traded up $0.95 during mid-day trading on Wednesday, reaching $117.94. The stock had a trading volume of 1,579,240 shares, compared to its average volume of 2,550,269. The business's 50 day moving average is $102.55 and its 200 day moving average is $90.29. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $219.77. The stock has a market cap of $6.64 billion, a P/E ratio of 61.11, a PEG ratio of 2.90 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 (NYSE:ELF - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, topping 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 the consensus estimate of $327.45 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The firm's revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on ELF. B. Riley reaffirmed a "buy" rating and set a $150.00 price objective (up from $110.00) on shares of e.l.f. Beauty in a research note on Friday, June 13th. Morgan Stanley upped their price objective on shares of e.l.f. Beauty from $70.00 to $105.00 and gave the company an "equal weight" rating in a research note on Thursday, May 29th. UBS Group upped their price objective on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a research note on Wednesday, May 21st. Jefferies Financial Group set a $115.00 price objective on shares of e.l.f. Beauty and gave the company a "buy" rating in a research note on Thursday, May 29th. Finally, Piper Sandler reissued an "overweight" rating and issued a $109.00 price target (up from $81.00) on shares of e.l.f. Beauty in a research report on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, e.l.f. Beauty currently has a consensus rating of "Moderate Buy" and a consensus target price 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.