Prime Capital Investment Advisors LLC Has $1.36 Million Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Prime Capital Investment Advisors LLC raised its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 7.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,488 shares of the company’s stock after buying an additional 909 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in e.l.f. Beauty were worth $1,362,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ELF. SG Americas Securities LLC increased its stake in shares of e.l.f. Beauty by 55.0% in the first quarter. SG Americas Securities LLC now owns 2,141 shares of the company’s stock worth $420,000 after acquiring an additional 760 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of e.l.f. Beauty by 9.4% during the 1st quarter. Russell Investments Group Ltd. now owns 80,216 shares of the company’s stock worth $15,725,000 after purchasing an additional 6,898 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of e.l.f. Beauty by 22.1% during the 1st quarter. ProShare Advisors LLC now owns 12,411 shares of the company’s stock valued at $2,433,000 after buying an additional 2,250 shares during the last quarter. Prevail Innovative Wealth Advisors LLC bought a new stake in shares of e.l.f. Beauty in the 1st quarter valued at approximately $1,700,000. Finally, Spirepoint Private Client LLC acquired a new position in e.l.f. Beauty in the first quarter worth approximately $338,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Activity at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the sale, the chief executive officer now directly owns 106,016 shares in the company, valued at approximately $14,465,883.20. This represents a 18.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.50% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $123.05 on Friday. The company’s fifty day moving average is $111.68 and its two-hundred day moving average is $154.73. e.l.f. Beauty, Inc. has a 52-week low of $98.50 and a 52-week high of $221.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 66.51, a P/E/G ratio of 2.88 and a beta of 1.44.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. UBS Group decreased 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. Morgan Stanley decreased their price objective on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a report on Monday, September 30th. JPMorgan Chase & Co. cut their target price on 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. Truist Financial decreased their price target on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus cut their price objective on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average price target of $173.53.

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.