Level Four Advisory Services LLC Buys 694 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Level Four Advisory Services LLC raised its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 10.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,266 shares of the company’s stock after acquiring an additional 694 shares during the quarter. Level Four Advisory Services LLC’s holdings in e.l.f. Beauty were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in e.l.f. Beauty in the 3rd quarter worth approximately $25,000. Promus Capital LLC bought a new stake in shares of e.l.f. Beauty during the fourth quarter worth $31,000. Kestra Investment Management LLC acquired a new position in shares of e.l.f. Beauty during the fourth quarter valued at $32,000. Financial Life Planners acquired a new position in shares of e.l.f. Beauty during the fourth quarter valued at $46,000. Finally, New Wave Wealth Advisors LLC acquired a new stake in e.l.f. Beauty in the fourth quarter worth about $65,000. 92.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on ELF. JPMorgan Chase & Co. upped their target price on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. The Goldman Sachs Group reduced their price objective on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Canaccord Genuity Group dropped 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. Deutsche Bank Aktiengesellschaft began coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price target on the stock. Finally, DA Davidson dropped their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.65.

e.l.f. Beauty Trading Down 0.4 %

ELF opened at $64.87 on Monday. The firm’s fifty day simple moving average is $79.12 and its 200 day simple moving average is $105.76. The stock has a market capitalization of $3.66 billion, a P/E ratio of 38.38, a P/E/G ratio of 6.76 and a beta of 1.60. 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 12 month low of $60.35 and a 12 month high of $219.77.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate 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 EPS for the current fiscal year.

Insider Activity

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the transaction, the director now directly owns 1,888 shares in the company, valued at $127,232.32. This trade represents a 67.93 % 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. 3.50% of the stock is owned by corporate insiders.

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.