e.l.f. Beauty, Inc. (NYSE:ELF) Stock Holdings Boosted by Moran Wealth Management LLC

Moran Wealth Management LLC boosted its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 11.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,567 shares of the company’s stock after purchasing an additional 460 shares during the quarter. Moran Wealth Management LLC’s holdings in e.l.f. Beauty were worth $573,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ELF. Nisa Investment Advisors LLC raised its holdings in shares of e.l.f. Beauty by 3.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock valued at $361,000 after buying an additional 91 shares during the last quarter. Truist Financial Corp raised its stake in e.l.f. Beauty by 1.3% during the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock valued at $990,000 after acquiring an additional 102 shares in the last quarter. Arizona State Retirement System raised its stake in e.l.f. Beauty by 0.8% during the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock valued at $2,055,000 after acquiring an additional 128 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in e.l.f. Beauty by 7.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock worth $262,000 after acquiring an additional 150 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its stake 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 purchasing an additional 197 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Maureen C. Watson sold 4,000 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the transaction, the director now owns 1,888 shares in the company, valued at $127,232.32. This represents a 67.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

ELF has been the topic of a number of recent analyst reports. Truist Financial lifted their price objective on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. UBS Group reaffirmed a “neutral” rating and issued a $74.00 price target (down from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. B. Riley reiterated a “buy” rating and set a $90.00 price objective (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. DA Davidson restated a “neutral” rating and issued a $80.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, February 18th. Finally, Piper Sandler lowered their price target on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $132.94.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock opened at $67.99 on Thursday. e.l.f. Beauty, Inc. has a fifty-two week low of $61.90 and a fifty-two week high of $219.77. The firm’s 50 day simple moving average is $94.36 and its 200-day simple moving average is $112.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The company has a market cap of $3.83 billion, a P/E ratio of 40.23, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. As a group, equities research analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

e.l.f. Beauty Company 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.