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

Prospera Private Wealth LLC bought a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 939 shares of the company’s stock, valued at approximately $102,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC bought a new stake in e.l.f. Beauty during the second quarter worth $26,000. Matrix Trust Co purchased a new position in shares of e.l.f. Beauty in the 2nd quarter worth about $27,000. Innealta Capital LLC bought a new position in e.l.f. Beauty during the second quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. increased its holdings in e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after buying an additional 138 shares during the last quarter. Finally, Crewe Advisors LLC raised its position in e.l.f. Beauty by 456.3% in the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock worth $38,000 after acquiring an additional 146 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the transaction, the chief executive officer now owns 106,016 shares in the company, valued at $14,465,883.20. This trade represents a 18.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. UBS Group decreased their price target on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Robert W. Baird decreased their target price on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Canaccord Genuity Group dropped their price target on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Bank of America decreased their price objective on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of 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. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $173.53.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $122.25 on Friday. 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 fifty day moving average of $112.04 and a 200-day moving average of $153.08. The company has a market capitalization 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 quick ratio of 1.01 and a current ratio of 1.78.

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 the consensus estimate of $0.43 by $0.34. The firm had revenue of $301.10 million during the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company’s revenue was up 39.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. As a group, equities research analysts predict that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

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.