Advisory Services Network LLC Acquires 8,377 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Advisory Services Network LLC raised its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 830.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,386 shares of the company's stock after buying an additional 8,377 shares during the period. Advisory Services Network LLC's holdings in e.l.f. Beauty were worth $1,178,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ELF. Nisa Investment Advisors LLC raised its holdings in e.l.f. Beauty by 3.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company's stock worth $361,000 after buying an additional 91 shares during the period. Truist Financial Corp grew its position 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 worth $990,000 after purchasing 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 purchasing an additional 128 shares during the period. Atria Wealth Solutions Inc. boosted its position in shares of e.l.f. Beauty by 7.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company's stock worth $262,000 after buying an additional 150 shares during the period. Finally, Horizon Investments LLC grew its holdings in shares of e.l.f. Beauty by 29.0% during the fourth quarter. Horizon Investments LLC now owns 742 shares of the company's stock valued at $93,000 after buying an additional 167 shares in the last quarter. Institutional investors own 92.44% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ELF shares. DA Davidson reduced their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. UBS Group lowered their price objective on shares of e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating on the stock in a research report on Thursday. Canaccord Genuity Group cut their target price on shares of e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Raymond James dropped their price target on shares of e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus dropped their target price on e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $121.82.

e.l.f. Beauty Stock Performance

Shares of NYSE:ELF traded up $2.65 during midday trading on Friday, hitting $52.60. The company's stock had a trading volume of 2,237,084 shares, compared to its average volume of 2,345,312. e.l.f. Beauty, Inc. has a fifty-two week low of $49.40 and a fifty-two week high of $219.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 6.76 and a beta of 1.41. The stock's 50 day simple moving average is $64.51 and its 200 day simple moving average is $99.59.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates 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, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.50% of the company's stock.

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.