Sheaff Brock Investment Advisors LLC Raises Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Sheaff Brock Investment Advisors LLC raised its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 9.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,749 shares of the company’s stock after buying an additional 322 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in e.l.f. Beauty were worth $409,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ELF. SG Americas Securities LLC grew its position in shares of e.l.f. Beauty by 55.0% in the first quarter. SG Americas Securities LLC now owns 2,141 shares of the company’s stock valued at $420,000 after purchasing an additional 760 shares during the period. ProShare Advisors LLC grew its position in shares of e.l.f. Beauty by 22.1% in the first quarter. ProShare Advisors LLC now owns 12,411 shares of the company’s stock valued at $2,433,000 after purchasing an additional 2,250 shares during the period. Spirepoint Private Client LLC acquired a new stake in shares of e.l.f. Beauty in the first quarter valued at about $338,000. Cercano Management LLC grew its position in shares of e.l.f. Beauty by 2.9% in the first quarter. Cercano Management LLC now owns 171,012 shares of the company’s stock valued at $33,523,000 after purchasing an additional 4,741 shares during the period. Finally, Cynosure Group LLC acquired a new stake in shares of e.l.f. Beauty in the first quarter valued at about $596,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Buying and Selling

In related news, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the sale, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at $14,465,883.20. This represents a 18.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ELF shares. Truist Financial lowered their price target on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Piper Sandler restated an “overweight” rating and set a $165.00 price target (up from $162.00) on shares of e.l.f. Beauty in a research report on Thursday, November 7th. Raymond James restated a “strong-buy” rating and set a $235.00 price target on shares of e.l.f. Beauty in a research report on Monday, July 22nd. JPMorgan Chase & Co. lowered their price target on shares of e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Finally, B. Riley lowered their price target on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $173.53.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $121.27 on Friday. The company’s 50 day simple moving average is $111.39 and its 200-day simple moving average is $154.16. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 65.55, a price-to-earnings-growth ratio of 2.69 and a beta of 1.44. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The business had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The business’s revenue was up 39.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 EPS. As a group, equities research analysts expect that e.l.f. Beauty, Inc. will post 2.8 earnings per share 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.