First Horizon Advisors Inc. Raises Position in e.l.f. Beauty, Inc. (NYSE:ELF)

First Horizon Advisors Inc. lifted its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 38.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 338 shares of the company’s stock after purchasing an additional 93 shares during the quarter. First Horizon Advisors Inc.’s holdings in e.l.f. Beauty were worth $49,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ELF. First Trust Direct Indexing L.P. boosted its stake in e.l.f. Beauty by 3.2% during the fourth quarter. First Trust Direct Indexing L.P. now owns 2,106 shares of the company’s stock worth $304,000 after buying an additional 65 shares during the period. Orion Capital Management LLC grew its holdings in e.l.f. Beauty by 490.0% during the 4th quarter. Orion Capital Management LLC now owns 590 shares of the company’s stock valued at $85,000 after purchasing an additional 490 shares during the last quarter. Victory Capital Management Inc. raised its position in e.l.f. Beauty by 94.4% in the 4th quarter. Victory Capital Management Inc. now owns 95,329 shares of the company’s stock worth $13,760,000 after purchasing an additional 46,279 shares during the period. Norden Group LLC lifted its stake in e.l.f. Beauty by 27.3% in the fourth quarter. Norden Group LLC now owns 5,467 shares of the company’s stock worth $789,000 after purchasing an additional 1,171 shares during the last quarter. Finally, Van ECK Associates Corp purchased a new position in shares of e.l.f. Beauty during the fourth quarter valued at approximately $2,212,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

NYSE ELF opened at $163.60 on Wednesday. The company has a market cap of $9.08 billion, a PE ratio of 72.39, a P/E/G ratio of 1.50 and a beta of 1.60. e.l.f. Beauty, Inc. has a 52-week low of $83.80 and a 52-week high of $221.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. The firm’s 50 day moving average price is $183.66 and its 200-day moving average price is $155.11.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.11. The business had revenue of $270.94 million for the quarter, compared to analysts’ expectations of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. Sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on ELF. Stifel Nicolaus increased their price target on e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Bank of America lifted their target price on e.l.f. Beauty from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Piper Sandler upped their price target on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. StockNews.com lowered shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Finally, DA Davidson reaffirmed a “buy” rating and set a $220.00 target price on shares of e.l.f. Beauty in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.33.

Insider Buying and Selling

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 727 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $165.16, for a total value of $120,071.32. Following the completion of the transaction, the senior vice president now directly owns 83,736 shares in the company, valued at $13,829,837.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Tarang Amin sold 74,451 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $166.40, for a total transaction of $12,388,646.40. Following the completion of the sale, the chief executive officer now owns 316,161 shares in the company, valued at approximately $52,609,190.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Joshua Allen Franks sold 727 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $165.16, for a total value of $120,071.32. Following the completion of the sale, the senior vice president now directly owns 83,736 shares of the company’s stock, valued at approximately $13,829,837.76. The disclosure for this sale can be found here. Insiders sold 178,081 shares of company stock worth $30,457,064 in the last three months. 5.20% of the stock is owned by 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.