Proficio Capital Partners LLC Acquires New Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Proficio Capital Partners LLC bought a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,586 shares of the company's stock, valued at approximately $2,459,000.

A number of other institutional investors have also recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new stake in e.l.f. Beauty in the 3rd quarter worth about $25,000. Kestra Investment Management LLC acquired a new stake in e.l.f. Beauty in the 4th quarter worth about $32,000. Financial Life Planners acquired a new stake in e.l.f. Beauty in the 4th quarter worth about $46,000. New Wave Wealth Advisors LLC acquired a new stake in e.l.f. Beauty in the 4th quarter worth about $65,000. Finally, UMB Bank n.a. boosted its holdings in shares of e.l.f. Beauty by 64.1% during the 4th quarter. UMB Bank n.a. now owns 540 shares of the company's stock worth $68,000 after purchasing an additional 211 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Up 0.8 %

NYSE:ELF traded up $0.50 during trading hours on Friday, hitting $62.91. The company's stock had a trading volume of 2,290,203 shares, compared to its average volume of 2,219,607. The stock has a market capitalization of $3.55 billion, a P/E ratio of 37.22, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60. The stock has a fifty day moving average of $85.71 and a 200-day moving average of $108.11. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 52-week low of $60.35 and a 52-week high of $219.77.

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e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. On average, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Maureen C. Watson sold 4,000 shares of the firm'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 owns 1,888 shares of the company's stock, valued at $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.50% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ELF shares. Morgan Stanley restated an "equal weight" rating and issued a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. B. Riley reiterated a "buy" rating and issued a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. UBS Group reiterated a "neutral" rating and issued a $74.00 price objective (down from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Stifel Nicolaus decreased 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, February 3rd. Finally, The Goldman Sachs Group decreased their price objective on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Five 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $132.65.

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.