Captrust Financial Advisors Sells 571 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Captrust Financial Advisors lessened its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 10.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 5,157 shares of the company’s stock after selling 571 shares during the quarter. Captrust Financial Advisors’ holdings in e.l.f. Beauty were worth $562,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new position in e.l.f. Beauty during the 2nd quarter valued at $26,000. Innealta Capital LLC bought a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of e.l.f. Beauty by 405.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after acquiring an additional 138 shares during the last quarter. Crewe Advisors LLC lifted 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 worth $38,000 after buying an additional 146 shares during the last quarter. Finally, Planning Capital Management Corp increased its stake in e.l.f. Beauty by 1,855.0% in the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after purchasing an additional 371 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ELF. DA Davidson reaffirmed a “buy” rating and issued a $170.00 price target on shares of e.l.f. Beauty in a research note on Wednesday. Robert W. Baird dropped their target price on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Truist Financial lowered their price target on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Canaccord Genuity Group reduced their price target on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. cut their target price on e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have given 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $173.53.

e.l.f. Beauty Price Performance

NYSE:ELF opened at $138.58 on Thursday. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 74.91, a PEG ratio of 3.06 and a beta of 1.49. The business has a 50 day simple moving average of $117.75 and a 200-day simple moving average of $149.71.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping the consensus estimate 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%. e.l.f. Beauty’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period last year, the business posted $0.66 EPS. Equities analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Insider Activity

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

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.