Sheaff Brock Investment Advisors LLC Acquires 400 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Sheaff Brock Investment Advisors LLC increased its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,149 shares of the company’s stock after acquiring an additional 400 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in e.l.f. Beauty were worth $521,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in e.l.f. Beauty during the third quarter worth $25,000. Planning Capital Management Corp lifted its holdings in e.l.f. Beauty by 1,855.0% during the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after acquiring an additional 371 shares during the period. nVerses Capital LLC bought a new stake in e.l.f. Beauty during the third quarter worth $44,000. Peterson Financial Group Inc. bought a new stake in shares of e.l.f. Beauty in the third quarter valued at $45,000. Finally, Financial Life Planners bought a new stake in shares of e.l.f. Beauty in the fourth quarter valued at $46,000. 92.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on ELF. Morgan Stanley restated an “equal weight” rating and issued a $70.00 target price (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. UBS Group restated a “neutral” rating and issued a $74.00 target price (down from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. JPMorgan Chase & Co. boosted their target price on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Raymond James decreased their price objective on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research note on Friday, February 7th. Finally, B. Riley reiterated a “buy” rating and set a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.00.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $72.97 on Monday. The business has a 50-day simple moving average of $116.66 and a 200 day simple moving average of $124.10. e.l.f. Beauty, Inc. has a 52 week low of $63.50 and a 52 week high of $221.83. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 43.18, a PEG ratio of 1.54 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 17.35% and a net margin of 7.55%. On average, research analysts forecast that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, insider Scott Milsten sold 530 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares in the company, valued at $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 available through this link. Also, CEO Tarang Amin sold 890 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the sale, the chief executive officer now owns 99,699 shares of the company’s stock, valued at $13,718,582.40. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is currently owned by corporate insiders.

About e.l.f. Beauty

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.