Prospera Private Wealth LLC Makes New $102,000 Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

Prospera Private Wealth LLC bought a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 939 shares of the company’s stock, valued at approximately $102,000.

Several other large investors also recently modified their holdings of the stock. Baillie Gifford & Co. lifted its position in e.l.f. Beauty by 39.5% during the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock worth $578,480,000 after purchasing an additional 1,501,151 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of e.l.f. Beauty by 12.5% during the 2nd quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock worth $318,647,000 after acquiring an additional 168,267 shares during the period. Clearbridge Investments LLC boosted its position in shares of 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 worth $265,432,000 after acquiring an additional 576,383 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in 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 valued at $79,633,000 after acquiring an additional 261,707 shares during the last quarter. Finally, Swedbank AB acquired a new position in e.l.f. Beauty during the third quarter valued at approximately $76,321,000. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $122.25 on Friday. The stock’s 50 day moving average is $112.04 and its 200 day moving average is $153.08. e.l.f. Beauty, Inc. has a one year low of $98.50 and a one year high of $221.83. The firm has a market cap of $6.89 billion, a P/E ratio of 66.08, a P/E/G ratio of 2.67 and a beta of 1.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The firm had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. During the same quarter in the previous year, the company earned $0.66 EPS. The company’s revenue for the quarter was up 39.7% on a year-over-year basis. As a group, research analysts expect that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 106,016 shares of the company’s stock, valued at $14,465,883.20. This trade represents a 18.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

ELF has been the topic of several recent analyst reports. Bank of America decreased their price target on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. DA Davidson lowered their price objective on shares of e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Stifel Nicolaus cut their target price on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. TD Cowen dropped their price target on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. reduced their price objective on e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock 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 issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $173.53.

e.l.f. Beauty 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.