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

Moran Wealth Management LLC increased its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 36.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,107 shares of the company’s stock after purchasing 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 filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Baillie Gifford & Co. acquired a new stake in shares of e.l.f. Beauty during the second quarter valued at approximately $801,693,000. Swedbank AB purchased a new position in e.l.f. Beauty during the 3rd quarter worth approximately $76,321,000. Clearbridge Investments LLC raised its stake in e.l.f. Beauty by 84.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after purchasing an additional 576,383 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of e.l.f. Beauty by 223.2% in the third quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock valued at $60,543,000 after purchasing an additional 383,478 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of e.l.f. Beauty by 55.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company’s stock worth $79,633,000 after buying an additional 261,707 shares during the period. 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 the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the transaction, the chief executive officer now directly owns 106,016 shares in the company, valued at $14,465,883.20. This represents a 18.16 % decrease in their position. 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 insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Jefferies Financial Group dropped their price target on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Truist Financial reduced their price target on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. DA Davidson lowered their price objective on shares of e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. UBS Group cut their target price 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. Finally, JPMorgan Chase & Co. lowered their price target on shares of e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $173.53.

e.l.f. Beauty Stock Up 3.2 %

Shares of ELF stock opened at $126.42 on Friday. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 68.34, a PEG ratio of 2.67 and a beta of 1.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The stock’s 50 day simple moving average is $112.24 and its 200 day simple moving average is $152.81. e.l.f. Beauty, Inc. has a twelve month low of $98.50 and a twelve month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.34. The business had revenue of $301.10 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 39.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 EPS. As a group, research analysts predict that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

e.l.f. Beauty Company 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.