Cynosure Group LLC Grows Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Cynosure Group LLC lifted its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 159.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,663 shares of the company’s stock after acquiring an additional 5,945 shares during the quarter. Cynosure Group LLC’s holdings in e.l.f. Beauty were worth $1,054,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Ashton Thomas Private Wealth LLC purchased a new position in e.l.f. Beauty in the 2nd quarter worth approximately $26,000. Matrix Trust Co purchased a new position in shares of e.l.f. Beauty in the second quarter valued at $27,000. Innealta Capital LLC acquired a new stake in e.l.f. Beauty during the 2nd quarter valued at $30,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in 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 worth $36,000 after buying an additional 138 shares in the last quarter. Finally, Crewe Advisors LLC boosted its position in e.l.f. Beauty by 456.3% in the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock valued at $38,000 after buying an additional 146 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Buying and Selling

In related news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the transaction, the chief executive officer now owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. This trade represents a 18.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Stifel Nicolaus cut 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. B. Riley cut their target price on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. UBS Group decreased their price target on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. reduced their price objective on shares of e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Finally, Truist Financial cut their target price on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.53.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF opened at $124.34 on Wednesday. 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 current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The company has a market cap of $7.00 billion, a PE ratio of 67.21, a P/E/G ratio of 2.85 and a beta of 1.44. The stock has a 50 day simple moving average of $112.82 and a 200-day simple moving average of $152.11.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.43 by $0.34. The firm had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. e.l.f. Beauty’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 earnings per share. On average, equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

e.l.f. Beauty 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.