Integrity Wealth Solutions LLC Takes Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Integrity Wealth Solutions LLC acquired a new position in e.l.f. Beauty, Inc. (NYSE:ELF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,359 shares of the company’s stock, valued at approximately $296,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. raised its holdings in shares of e.l.f. Beauty by 39.5% during the 3rd quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after purchasing an additional 1,501,151 shares in the last quarter. State Street Corp increased its position in e.l.f. Beauty by 3.7% during the third quarter. State Street Corp now owns 1,665,203 shares of the company’s stock worth $181,557,000 after buying an additional 59,248 shares during the last quarter. Clearbridge Investments LLC raised its holdings in e.l.f. Beauty by 84.4% during the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after buying an additional 576,383 shares in the last quarter. FMR LLC lifted its position in shares of e.l.f. Beauty by 5.5% in the third quarter. FMR LLC now owns 1,186,766 shares of the company’s stock worth $129,393,000 after buying an additional 61,524 shares during the last quarter. Finally, Champlain Investment Partners LLC bought a new stake in shares of e.l.f. Beauty during the 3rd quarter worth about $121,558,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock opened at $104.26 on Tuesday. The firm has a market cap of $5.87 billion, a P/E ratio of 56.35, a price-to-earnings-growth ratio of 2.03 and a beta of 1.50. The firm’s 50-day simple moving average is $128.46 and its 200-day simple moving average is $133.52. e.l.f. Beauty, Inc. has a twelve month low of $98.50 and a twelve month high of $221.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The company had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 earnings per share. As a group, research analysts expect that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on ELF. DA Davidson reiterated a “buy” rating and set a $170.00 price target on shares of e.l.f. Beauty in a report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their target price on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. The Goldman Sachs Group assumed coverage on shares of e.l.f. Beauty in a report on Friday, December 13th. They set a “buy” rating and a $165.00 price target for the company. Robert W. Baird dropped 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, Stifel Nicolaus decreased their target price on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $169.06.

Insider Buying and Selling

In related news, Director Maureen C. Watson sold 785 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at $245,440. This represents a 29.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the transaction, the chief executive officer now owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock worth $297,442 in the last quarter. 3.50% of the stock is owned by corporate insiders.

About e.l.f. Beauty

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.