603 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Bought by Avalon Trust Co

Avalon Trust Co purchased a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 603 shares of the company’s stock, valued at approximately $87,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ELF. FMR LLC raised its stake in e.l.f. Beauty by 641.2% during the 3rd quarter. FMR LLC now owns 832,404 shares of the company’s stock valued at $91,423,000 after purchasing an additional 720,098 shares during the period. State of Alaska Department of Revenue boosted its position in shares of e.l.f. Beauty by 0.3% during the fourth quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock worth $4,906,000 after acquiring an additional 85 shares during the last quarter. First Dallas Securities Inc. purchased a new position in e.l.f. Beauty during the third quarter valued at $3,569,000. Roman Butler Fullerton & Co. purchased a new position in e.l.f. Beauty during the fourth quarter valued at $1,294,000. Finally, William Blair Investment Management LLC increased its holdings in e.l.f. Beauty by 58.2% in the 3rd quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock valued at $156,427,000 after acquiring an additional 523,903 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ELF. Raymond James boosted their target price on e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. Morgan Stanley raised their target price 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. Bank of America raised their price objective on e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. lifted their price target on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, January 18th. Finally, Piper Sandler upped their price objective on e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $184.33.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 6,832 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $162.63, for a total value of $1,111,088.16. Following the transaction, the chief executive officer now owns 228,175 shares of the company’s stock, valued at approximately $37,108,100.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other e.l.f. Beauty news, insider Mandy J. Fields sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $174.90, for a total value of $218,625.00. Following the completion of the sale, the insider now owns 77,146 shares of the company’s stock, valued at $13,492,835.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Tarang Amin sold 6,832 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $162.63, for a total transaction of $1,111,088.16. Following the transaction, the chief executive officer now owns 228,175 shares in the company, valued at approximately $37,108,100.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 178,081 shares of company stock worth $30,457,064. 5.20% of the stock is owned by corporate insiders.

e.l.f. Beauty Stock Down 0.3 %

Shares of NYSE ELF traded down $0.41 during midday trading on Friday, reaching $160.12. 1,024,844 shares of the company’s stock traded hands, compared to its average volume of 1,752,337. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 70.85, a P/E/G ratio of 1.50 and a beta of 1.60. The stock’s 50 day simple moving average is $185.12 and its 200-day simple moving average is $154.25. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27. e.l.f. Beauty, Inc. has a one year low of $83.80 and a one year high of $221.83.

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%. On average, analysts predict that e.l.f. Beauty, Inc. will post 2.5 EPS for the current fiscal 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.