Valmark Advisers Inc. Raises Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Valmark Advisers Inc. lifted its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 97.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,329 shares of the company's stock after acquiring an additional 4,615 shares during the period. Valmark Advisers Inc.'s holdings in e.l.f. Beauty were worth $1,347,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. IFP Advisors Inc boosted its holdings in e.l.f. Beauty by 98.1% during the third quarter. IFP Advisors Inc now owns 626 shares of the company's stock worth $69,000 after purchasing an additional 310 shares during the last quarter. Private Trust Co. NA boosted its holdings in e.l.f. Beauty by 75.5% during the third quarter. Private Trust Co. NA now owns 437 shares of the company's stock worth $48,000 after purchasing an additional 188 shares during the last quarter. Cavalier Investments LLC boosted its holdings in e.l.f. Beauty by 3.6% during the third quarter. Cavalier Investments LLC now owns 9,840 shares of the company's stock worth $1,081,000 after purchasing an additional 345 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in e.l.f. Beauty by 40.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 16,467 shares of the company's stock worth $1,809,000 after purchasing an additional 4,731 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in e.l.f. Beauty by 18.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 17,194 shares of the company's stock worth $1,888,000 after purchasing an additional 2,707 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Stock Up 2.0 %

NYSE ELF traded up $3.60 during trading hours on Friday, reaching $179.63. 1,512,347 shares of the company's stock traded hands, compared to its average volume of 1,870,720. e.l.f. Beauty, Inc. has a 52-week low of $83.80 and a 52-week high of $221.83. The firm has a market cap of $9.97 billion, a PE ratio of 79.48, a PEG ratio of 1.69 and a beta of 1.57. The firm has a 50-day simple moving average of $186.57 and a 200 day simple moving average of $152.19. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on ELF. StockNews.com cut shares of e.l.f. Beauty from a "hold" rating to a "sell" rating in a research note on Wednesday, February 7th. Morgan Stanley boosted their target price on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 7th. Raymond James boosted their target price on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the company a "strong-buy" rating in a research note on Monday, January 22nd. Truist Financial boosted their price target on shares of e.l.f. Beauty from $150.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, February 7th. Finally, DA Davidson reissued a "buy" rating and issued a $220.00 price target on shares of e.l.f. Beauty in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $184.33.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 6,832 shares of e.l.f. Beauty stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $162.63, for a total value 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 $37,108,100.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Tarang Amin sold 6,832 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $162.63, for a total value of $1,111,088.16. Following the completion of the sale, the chief executive officer now directly owns 228,175 shares in the company, valued at $37,108,100.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joshua Allen Franks sold 727 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the completion of the sale, the senior vice president now owns 83,736 shares of the company's stock, valued at $13,829,837.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 178,081 shares of company stock valued at $30,457,064. Insiders own 5.20% of the company's stock.

e.l.f. Beauty Company 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.