Alliance Wealth Advisors LLC UT Raises Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Alliance Wealth Advisors LLC UT increased its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 6.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,717 shares of the company’s stock after purchasing an additional 420 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in e.l.f. Beauty were worth $843,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ELF. Financial Life Planners acquired a new position in shares of e.l.f. Beauty during the fourth quarter worth about $46,000. Jennison Associates LLC grew its position in e.l.f. Beauty by 12.8% in the fourth quarter. Jennison Associates LLC now owns 615,799 shares of the company’s stock valued at $77,314,000 after acquiring an additional 70,020 shares in the last quarter. Independence Bank of Kentucky purchased a new stake in shares of e.l.f. Beauty during the fourth quarter valued at approximately $429,000. New Wave Wealth Advisors LLC acquired a new position in shares of e.l.f. Beauty during the fourth quarter worth $65,000. Finally, OLD National Bancorp IN purchased a new position in shares of e.l.f. Beauty in the fourth quarter valued at $276,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Performance

ELF stock opened at $93.41 on Tuesday. e.l.f. Beauty, Inc. has a 1 year low of $92.20 and a 1 year high of $221.83. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 50.49, a PEG ratio of 1.74 and a beta of 1.47. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The stock’s fifty day moving average is $126.69 and its two-hundred day moving average is $130.36.

e.l.f. Beauty (NYSE:ELF) last posted its 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 firm had revenue of $301.10 million during the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. e.l.f. Beauty’s revenue was up 39.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 EPS. On average, research analysts predict that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ELF. Morgan Stanley upgraded shares of e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $139.00 to $153.00 in a report on Monday, January 13th. Bank of America cut their price target on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Stifel Nicolaus dropped their price objective on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday. Piper Sandler increased their target price on e.l.f. Beauty from $165.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $168.47.

Insiders Place Their Bets

In other news, insider Scott Milsten sold 530 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maureen C. Watson sold 785 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now owns 1,888 shares in the company, valued at $245,440. This represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is owned by company insiders.

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.