Ibex Wealth Advisors Acquires Shares of 43,962 e.l.f. Beauty, Inc. (NYSE:ELF)

Ibex Wealth Advisors bought a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 43,962 shares of the company's stock, valued at approximately $5,519,000. Ibex Wealth Advisors owned about 0.08% of e.l.f. Beauty as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of e.l.f. Beauty by 1,380.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company's stock worth $1,775,000 after purchasing an additional 15,184 shares during the last quarter. Cetera Investment Advisers boosted its holdings in e.l.f. Beauty by 33.8% in the second quarter. Cetera Investment Advisers now owns 39,319 shares of the company's stock valued at $8,285,000 after acquiring an additional 9,939 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in 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 acquiring an additional 576,383 shares during the last quarter. Capricorn Fund Managers Ltd bought a new position in e.l.f. Beauty in the fourth quarter valued at about $7,118,000. Finally, Congress Asset Management Co. boosted its holdings in e.l.f. Beauty by 14.2% in the third quarter. Congress Asset Management Co. now owns 503,577 shares of the company's stock valued at $54,905,000 after acquiring an additional 62,480 shares during the last quarter. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Stock Up 1.1 %

e.l.f. Beauty stock traded up $1.11 during midday trading on Thursday, reaching $107.07. The stock had a trading volume of 1,564,320 shares, compared to its average volume of 1,676,480. The firm's fifty day simple moving average is $127.52 and its 200-day simple moving average is $131.87. e.l.f. Beauty, Inc. has a 1-year low of $98.50 and a 1-year high of $221.83. The stock has a market capitalization of $6.03 billion, a P/E ratio of 57.88, a price-to-earnings-growth ratio of 2.03 and a beta of 1.50. 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 - Get Free Report) last announced 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. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. During the same quarter last year, the firm earned $0.66 EPS. e.l.f. Beauty's revenue for the quarter was up 39.7% compared to the same quarter last year. As a group, analysts expect that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the transaction, the chief executive officer now directly 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, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the transaction, the insider now owns 68,853 shares of the company's stock, valued at $9,474,172.80. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock worth $297,442 over the last ninety days. 3.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Jefferies Financial Group decreased their price target on e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Stifel Nicolaus decreased their price target on e.l.f. Beauty from $131.00 to $115.00 and set a "hold" rating on the stock in a report on Thursday, November 7th. The Goldman Sachs Group assumed coverage on e.l.f. Beauty in a report on Friday, December 13th. They issued a "buy" rating and a $165.00 price target on the stock. Morgan Stanley raised e.l.f. Beauty from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $139.00 to $153.00 in a research note on Monday, January 13th. Finally, UBS Group increased their target price on e.l.f. Beauty from $156.00 to $158.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and two have assigned 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 $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.