Texas Capital Bank Wealth Management Services Inc Buys Shares of 5,008 e.l.f. Beauty, Inc. (NYSE:ELF)

Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,008 shares of the company's stock, valued at approximately $546,000.

Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $26,000. Innealta Capital LLC purchased a new position in shares of e.l.f. Beauty in the second quarter worth $30,000. Whittier Trust Co. of Nevada Inc. increased its holdings in e.l.f. Beauty by 405.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company's stock valued at $36,000 after purchasing an additional 138 shares during the period. Crewe Advisors LLC lifted its position in shares of e.l.f. Beauty by 456.3% in the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company's stock worth $38,000 after purchasing an additional 146 shares during the period. Finally, Planning Capital Management Corp lifted its holdings in e.l.f. Beauty by 1,855.0% in the third quarter. Planning Capital Management Corp now owns 391 shares of the company's stock worth $43,000 after buying an additional 371 shares during the period. 92.44% of the stock is owned by institutional investors.

Insider Transactions at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 785 shares of the business's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.50% of the company's stock.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF traded up $6.40 during mid-day trading on Friday, hitting $137.63. The stock had a trading volume of 1,610,135 shares, compared to its average volume of 1,967,090. The firm has a market cap of $7.75 billion, a PE ratio of 77.23, a PEG ratio of 2.79 and a beta of 1.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The company has a 50 day moving average of $115.29 and a two-hundred day moving average of $150.67. e.l.f. Beauty, Inc. has a twelve month low of $98.50 and a twelve month high of $221.83.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping 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 firm had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company's revenue was up 39.7% compared to the same quarter last year. Research analysts predict that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Piper Sandler reaffirmed an "overweight" rating and set a $165.00 target price (up previously from $162.00) on shares of e.l.f. Beauty in a research note on Thursday, November 7th. Morgan Stanley dropped their price target on e.l.f. Beauty from $184.00 to $139.00 and set an "equal weight" rating on the stock in a research note on Monday, September 30th. JPMorgan Chase & Co. reduced their target price on shares of e.l.f. Beauty from $167.00 to $154.00 and set an "overweight" rating for the company in a report on Thursday, November 7th. Robert W. Baird decreased their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating on the stock in a research note on Monday, October 21st. Finally, Truist Financial dropped their target price on shares of e.l.f. Beauty from $210.00 to $130.00 and set a "buy" rating for the company in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $173.53.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.