Telemus Capital LLC Takes Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Telemus Capital LLC bought a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,748 shares of the company's stock, valued at approximately $974,000.

Other institutional investors also recently bought and sold shares of the company. Armstrong Advisory Group Inc. raised its holdings in e.l.f. Beauty by 390.2% during the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company's stock valued at $29,000 after buying an additional 160 shares in the last quarter. GPS Wealth Strategies Group LLC raised its holdings in e.l.f. Beauty by 66.4% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company's stock valued at $35,000 after buying an additional 97 shares in the last quarter. BluePath Capital Management LLC bought a new position in e.l.f. Beauty during the third quarter valued at about $34,000. Avior Wealth Management LLC raised its holdings in e.l.f. Beauty by 3,600.0% during the fourth quarter. Avior Wealth Management LLC now owns 370 shares of the company's stock valued at $53,000 after buying an additional 360 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new position in e.l.f. Beauty during the fourth quarter valued at about $56,000. 92.44% of the stock is currently owned by institutional investors.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 6,832 shares of the business's stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $162.63, for a total value of $1,111,088.16. Following the transaction, the chief executive officer now directly owns 228,175 shares of the company's stock, valued at approximately $37,108,100.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Joshua Allen Franks sold 727 shares of the business's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $165.16, for a total value of $120,071.32. Following the completion of the transaction, the senior vice president now owns 83,736 shares of the company's stock, valued at approximately $13,829,837.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tarang Amin sold 6,832 shares of the business's stock in a transaction on Friday, April 5th. The shares were sold at an average price of $162.63, for a total transaction of $1,111,088.16. Following the completion of the transaction, the chief executive officer now directly owns 228,175 shares of the company's stock, valued at approximately $37,108,100.25. The disclosure for this sale can be found here. Insiders have sold 164,325 shares of company stock valued at $28,081,154 in the last three months. 5.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ELF shares. Piper Sandler raised their target price on e.l.f. Beauty from $225.00 to $228.00 and gave the company an "overweight" rating in a report on Tuesday, April 9th. Truist Financial lifted their price objective on e.l.f. Beauty from $150.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, February 7th. Bank of America lifted their price objective on e.l.f. Beauty from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Morgan Stanley lifted their price objective on e.l.f. Beauty from $168.00 to $184.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 7th. Finally, Raymond James lifted their price objective on e.l.f. Beauty from $140.00 to $180.00 and gave the stock a "strong-buy" rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, e.l.f. Beauty has a consensus rating of "Moderate Buy" and an average price target of $184.33.

e.l.f. Beauty Price Performance

NYSE ELF traded up $4.77 during trading on Monday, reaching $161.50. 1,559,603 shares of the company traded hands, compared to its average volume of 1,564,051. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. The stock's 50 day moving average price is $186.06 and its two-hundred day moving average price is $150.06. The company has a market cap of $8.96 billion, a price-to-earnings ratio of 71.46, a P/E/G ratio of 1.47 and a beta of 1.57. e.l.f. Beauty, Inc. has a 1-year low of $83.80 and a 1-year high of $221.83.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.11. The company had revenue of $270.94 million for the quarter, compared to the consensus estimate of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. As a group, analysts anticipate that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.