Moran Wealth Management LLC Has $448,000 Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Moran Wealth Management LLC raised its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 36.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,107 shares of the company’s stock after buying an additional 1,092 shares during the quarter. Moran Wealth Management LLC’s holdings in e.l.f. Beauty were worth $448,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new position in e.l.f. Beauty in the second quarter worth about $26,000. Matrix Trust Co bought a new stake in e.l.f. Beauty in the second quarter valued at $27,000. Innealta Capital LLC bought a new position in shares of e.l.f. Beauty during the second quarter valued at $30,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of e.l.f. Beauty by 405.9% in 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 in the last quarter. Finally, Crewe Advisors LLC increased its position in shares of e.l.f. Beauty by 456.3% during the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock worth $38,000 after purchasing an additional 146 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Price Performance

Shares of ELF stock opened at $126.42 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 firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 68.34, a price-to-earnings-growth ratio of 2.67 and a beta of 1.44. The firm has a fifty day moving average of $112.24 and a 200-day moving average of $152.81.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $301.10 million during the quarter, compared to analyst estimates of $289.43 million. During the same period in the previous year, the firm earned $0.66 EPS. e.l.f. Beauty’s quarterly revenue was up 39.7% compared to the same quarter last year. On average, equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Insider Activity

In other news, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the sale, the chief executive officer now owns 106,016 shares of the company’s stock, valued at $14,465,883.20. The trade was a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on ELF shares. B. Riley decreased their price objective on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Piper Sandler reiterated an “overweight” rating and issued a $165.00 price objective (up previously from $162.00) on shares of e.l.f. Beauty in a research report on Thursday, November 7th. TD Cowen decreased their target price on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Jefferies Financial Group cut their price target 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. Finally, Stifel Nicolaus decreased their price objective on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $173.53.

About e.l.f. Beauty

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.