Valmark Advisers Inc. Buys 296 Shares of e.l.f. Beauty (NYSE:ELF)

Valmark Advisers Inc. boosted its stake in shares of e.l.f. Beauty (NYSE:ELF) by 5.6% during the first quarter, Holdings Channel.com reports. The firm owned 5,568 shares of the company’s stock after purchasing an additional 296 shares during the quarter. Valmark Advisers Inc.’s holdings in e.l.f. Beauty were worth $350,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. boosted its position in e.l.f. Beauty by 79.3% during the first quarter. Oppenheimer & Co. Inc. now owns 8,047 shares of the company’s stock valued at $505,000 after purchasing an additional 3,558 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in e.l.f. Beauty by 36.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 43,955 shares of the company’s stock valued at $2,760,000 after buying an additional 11,731 shares during the last quarter. Flagship Harbor Advisors LLC raised its stake in e.l.f. Beauty by 17.1% in the first quarter. Flagship Harbor Advisors LLC now owns 3,226 shares of the company’s stock valued at $203,000 after buying an additional 472 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of e.l.f. Beauty during the first quarter worth about $486,000. Finally, Robbins Farley increased its holdings in shares of e.l.f. Beauty by 3.6% during the first quarter. Robbins Farley now owns 35,646 shares of the company’s stock valued at $2,238,000 after acquiring an additional 1,250 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Insider Transactions at e.l.f. Beauty

In other news, insider Scott Milsten sold 1,442 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $114.78, for a total transaction of $165,512.76. Following the sale, the insider now owns 117,394 shares of the company’s stock, valued at $13,474,483.32. This trade represents a 1.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Catherine Hartnett sold 9,506 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $116.52, for a total transaction of $1,107,639.12. Following the sale, the insider now directly owns 53,903 shares in the company, valued at $6,280,777.56. The trade was a 14.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 327,207 shares of company stock valued at $25,252,926 in the last 90 days. 3.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ELF shares. Truist Financial increased their price objective on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, June 6th. Canaccord Genuity Group set a $114.00 price objective on shares of e.l.f. Beauty in a research report on Thursday, May 29th. DA Davidson decreased their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Bank of America increased their price objective on shares of e.l.f. Beauty from $113.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, June 20th. Finally, B. Riley reaffirmed a “buy” rating and issued a $150.00 price objective (up from $110.00) on shares of e.l.f. Beauty in a research report on Friday, June 13th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.88.

e.l.f. Beauty Stock Performance

ELF opened at $125.47 on Thursday. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $219.77. The company has a current ratio of 3.05, a quick ratio of 2.00 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $7.07 billion, a PE ratio of 65.01, a P/E/G ratio of 2.88 and a beta of 1.52. The firm has a 50 day moving average of $90.23 and a two-hundred day moving average of $91.15.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The business had revenue of $332.65 million for the quarter, compared to analysts’ expectations of $327.45 million. e.l.f. Beauty had a net margin of 8.53% and a return on equity of 17.98%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. On average, analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current year.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.