Moody Aldrich Partners LLC Purchases New Shares in e.l.f. Beauty, Inc. (NYSE:ELF)

Moody Aldrich Partners LLC acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,037 shares of the company’s stock, valued at approximately $256,000.

A number of other institutional investors also recently bought and sold shares of the business. Mackenzie Financial Corp boosted its stake in shares of e.l.f. Beauty by 6.7% during the second quarter. Mackenzie Financial Corp now owns 4,184 shares of the company’s stock worth $882,000 after buying an additional 263 shares during the period. Creative Planning lifted its position in e.l.f. Beauty by 18.9% during the 2nd quarter. Creative Planning now owns 21,489 shares of the company’s stock worth $4,528,000 after acquiring an additional 3,421 shares during the period. Truist Financial Corp lifted its position in e.l.f. Beauty by 60.6% during the 2nd quarter. Truist Financial Corp now owns 6,824 shares of the company’s stock worth $1,438,000 after acquiring an additional 2,576 shares during the period. Cetera Investment Advisers grew its stake in shares of e.l.f. Beauty by 33.8% in the 2nd quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock valued at $8,285,000 after purchasing an additional 9,939 shares during the last quarter. Finally, Clearbridge Investments LLC increased its holdings in shares of e.l.f. Beauty by 84.4% in the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after purchasing an additional 576,383 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Trading Up 0.1 %

Shares of ELF opened at $106.28 on Thursday. 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 current ratio of 1.78 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $127.78 and a 200-day simple moving average of $132.05. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 57.45, a price-to-earnings-growth ratio of 2.03 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 19.34% and a net margin of 8.87%. The business’s revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 earnings per share. Equities analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 890 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the sale, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the transaction, the director now owns 1,888 shares of the company’s stock, valued at $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock valued at $297,442 in the last ninety days. Insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ELF shares. 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 report on Wednesday, December 18th. Stifel Nicolaus dropped their price target on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. Morgan Stanley upgraded shares of e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $139.00 to $153.00 in a research report on Monday, January 13th. Canaccord Genuity Group cut their target price on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, Bank of America decreased 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $169.06.

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.