Valmark Advisers Inc. Grows Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Valmark Advisers Inc. lifted its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 97.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,329 shares of the company’s stock after buying an additional 4,615 shares during the quarter. Valmark Advisers Inc.’s holdings in e.l.f. Beauty were worth $1,347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. IFP Advisors Inc grew its position in e.l.f. Beauty by 98.1% during the 3rd quarter. IFP Advisors Inc now owns 626 shares of the company’s stock valued at $69,000 after purchasing an additional 310 shares during the last quarter. Private Trust Co. NA grew its position in e.l.f. Beauty by 75.5% during the 3rd quarter. Private Trust Co. NA now owns 437 shares of the company’s stock valued at $48,000 after purchasing an additional 188 shares during the last quarter. Cavalier Investments LLC grew its position in e.l.f. Beauty by 3.6% during the 3rd quarter. Cavalier Investments LLC now owns 9,840 shares of the company’s stock valued at $1,081,000 after purchasing an additional 345 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in e.l.f. Beauty by 40.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 16,467 shares of the company’s stock valued at $1,809,000 after purchasing an additional 4,731 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position 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 valued at $1,888,000 after purchasing an additional 2,707 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 12,506 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $172.50, for a total transaction of $2,157,285.00. Following the completion of the sale, the senior vice president now directly owns 86,237 shares of the company’s stock, valued at approximately $14,875,882.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total value of $4,677,693.91. Following the completion of the transaction, the chief executive officer now directly owns 10,889 shares of the company’s stock, valued at $2,165,713.21. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Joshua Allen Franks sold 12,506 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $172.50, for a total transaction of $2,157,285.00. Following the completion of the transaction, the senior vice president now directly owns 86,237 shares of the company’s stock, valued at $14,875,882.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 178,081 shares of company stock valued at $30,457,064. 5.20% of the stock is owned by corporate insiders.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded up $3.60 during midday trading on Friday, hitting $179.63. The stock had a trading volume of 1,512,347 shares, compared to its average volume of 1,870,720. The firm’s fifty day moving average is $186.57 and its two-hundred day moving average is $151.86. The company has a market capitalization of $9.97 billion, a PE ratio of 79.48, a P/E/G ratio of 1.69 and a beta of 1.57. 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 current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.11. The company had revenue of $270.94 million during the quarter, compared to analyst estimates 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, research analysts forecast that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

Analysts Set New Price Targets

ELF has been the topic of several research analyst reports. StockNews.com cut shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. TD Cowen upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and lowered their target price for the company from $220.00 to $190.00 in a research note on Wednesday, April 17th. Bank of America upped their target price on shares of 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. upped their target price on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, January 18th. Finally, Piper Sandler upped their target price on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.33.

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.