Beacon Harbor Wealth Advisors Inc. Takes Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Beacon Harbor Wealth Advisors Inc. acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 45,676 shares of the company’s stock, valued at approximately $6,593,000. e.l.f. Beauty comprises approximately 1.9% of Beacon Harbor Wealth Advisors Inc.’s investment portfolio, making the stock its 13th biggest position. Beacon Harbor Wealth Advisors Inc. owned 0.08% of e.l.f. Beauty at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its stake in e.l.f. Beauty by 40.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 16,467 shares of the company’s stock worth $1,809,000 after purchasing an additional 4,731 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in e.l.f. Beauty by 18.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,194 shares of the company’s stock worth $1,888,000 after buying an additional 2,707 shares in the last quarter. Xponance Inc. boosted its position in e.l.f. Beauty by 6.3% in the 3rd quarter. Xponance Inc. now owns 3,135 shares of the company’s stock valued at $344,000 after buying an additional 185 shares during the period. Maryland State Retirement & Pension System grew its stake in shares of e.l.f. Beauty by 1.7% in the third quarter. Maryland State Retirement & Pension System now owns 20,058 shares of the company’s stock worth $2,203,000 after acquiring an additional 332 shares in the last quarter. Finally, Dakota Wealth Management increased its position in shares of e.l.f. Beauty by 43.8% during the third quarter. Dakota Wealth Management now owns 4,547 shares of the company’s stock worth $499,000 after acquiring an additional 1,384 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,519 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the completion of the sale, the chief executive officer now directly owns 10,889 shares in the company, valued at approximately $2,165,713.21. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the completion of the sale, the chief executive officer now directly owns 10,889 shares in the company, valued at $2,165,713.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joshua Allen Franks sold 727 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now owns 83,736 shares in the company, valued at $13,829,837.76. The disclosure for this sale can be found here. Insiders have sold a total of 178,081 shares of company stock worth $30,457,064 in the last three months. Company insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

ELF has been the topic of a number of recent research reports. Robert W. Baird began coverage on shares of e.l.f. Beauty in a research note on Tuesday, January 30th. They set a “neutral” rating and a $185.00 target price on the stock. Morgan Stanley raised their price objective on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Stifel Nicolaus boosted their target price on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. TD Cowen upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and cut their price target for the company from $220.00 to $190.00 in a research note on Wednesday, April 17th. Finally, Truist Financial lifted their price target on e.l.f. Beauty from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $184.33.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock traded up $1.50 during midday trading on Thursday, reaching $160.02. 669,976 shares of the company were exchanged, compared to its average volume of 1,581,806. The firm’s 50-day simple moving average is $186.08 and its 200-day simple moving average is $153.16. e.l.f. Beauty, Inc. has a 1 year low of $83.80 and a 1 year high of $221.83. The company has a market capitalization of $8.88 billion, a price-to-earnings ratio of 70.01, a P/E/G ratio of 1.53 and a beta of 1.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. The business had revenue of $270.94 million during the quarter, compared to the consensus estimate of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. On average, analysts anticipate that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

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.