520 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Acquired by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC purchased a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 520 shares of the company’s stock, valued at approximately $65,000.

Several other hedge funds also recently modified their holdings of ELF. Baillie Gifford & Co. boosted its stake in e.l.f. Beauty by 39.5% during the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after buying an additional 1,501,151 shares in the last quarter. State Street Corp lifted its holdings in e.l.f. Beauty by 3.7% in the 3rd quarter. State Street Corp now owns 1,665,203 shares of the company’s stock valued at $181,557,000 after acquiring an additional 59,248 shares during the last quarter. FMR LLC boosted its position in shares of e.l.f. Beauty by 5.5% during the 3rd quarter. FMR LLC now owns 1,186,766 shares of the company’s stock valued at $129,393,000 after purchasing an additional 61,524 shares in the last quarter. Champlain Investment Partners LLC acquired a new position in shares of e.l.f. Beauty in the 3rd quarter worth approximately $121,558,000. Finally, Geode Capital Management LLC raised its holdings in shares of e.l.f. Beauty by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 955,064 shares of the company’s stock worth $104,158,000 after purchasing an additional 24,778 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 785 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now owns 1,888 shares of the company’s stock, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tarang Amin sold 890 shares of the business’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 sale, the chief executive officer now owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ELF. Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a report on Thursday, December 12th. They set a “hold” rating and a $133.00 target price for the company. JPMorgan Chase & Co. lifted their target price on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Jefferies Financial Group reduced their target price on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Stifel Nicolaus dropped their price target on 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. Finally, B. Riley reduced their price objective on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $169.06.

e.l.f. Beauty Trading Down 6.5 %

e.l.f. Beauty stock opened at $100.07 on Friday. e.l.f. Beauty, Inc. has a 12 month low of $98.50 and a 12 month high of $221.83. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The stock has a market cap of $5.64 billion, a P/E ratio of 54.09, a P/E/G ratio of 1.84 and a beta of 1.50. The company’s fifty day simple moving average is $127.22 and its 200-day simple moving average is $131.70.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, November 6th. The company reported $0.77 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 firm had revenue of $301.10 million for 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 business’s quarterly revenue was up 39.7% compared to the same quarter last year. As a group, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

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.