Regal Investment Advisors LLC Acquires 3,808 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Regal Investment Advisors LLC lifted its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 84.2% during the 2nd quarter, Holdings Channel reports. The firm owned 8,328 shares of the company’s stock after purchasing an additional 3,808 shares during the quarter. Regal Investment Advisors LLC’s holdings in e.l.f. Beauty were worth $1,755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ELF. Vanguard Group Inc. raised its stake in e.l.f. Beauty by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock worth $873,351,000 after buying an additional 79,701 shares during the period. Baillie Gifford & Co. acquired a new position in e.l.f. Beauty during the 2nd quarter worth approximately $801,693,000. Wellington Management Group LLP raised its stake in e.l.f. Beauty by 5.2% during the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after buying an additional 126,231 shares during the period. William Blair Investment Management LLC raised its stake in 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 buying an additional 168,267 shares during the period. Finally, Clearbridge Investments LLC acquired a new position in e.l.f. Beauty during the 1st quarter worth approximately $133,940,000. Institutional investors own 92.44% of the company’s stock.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 15,386 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the completion of the transaction, the chief executive officer now directly owns 171,329 shares of the company’s stock, valued at $34,411,429.65. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 15,386 shares of the stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the completion of the transaction, the chief executive officer now directly owns 171,329 shares of the company’s stock, valued at $34,411,429.65. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the transaction, the senior vice president now directly owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,832 shares of company stock valued at $7,074,887. Company insiders own 5.20% of the company’s stock.

e.l.f. Beauty Stock Performance

ELF stock opened at $108.95 on Tuesday. The firm has a market cap of $6.09 billion, a PE ratio of 49.08, a P/E/G ratio of 2.33 and a beta of 1.44. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average of $145.58 and a 200-day moving average of $170.28. e.l.f. Beauty, Inc. has a 12-month low of $88.47 and a 12-month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.20. The company had revenue of $324.48 million during the quarter, compared to analyst estimates of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. As a group, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

ELF has been the topic of a number of research reports. UBS Group dropped their price target on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. DA Davidson reissued a “buy” rating and issued a $223.00 price objective on shares of e.l.f. Beauty in a research note on Wednesday, September 18th. Robert W. Baird increased their price objective on e.l.f. Beauty from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered their price objective on e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Finally, Stifel Nicolaus increased their price objective on e.l.f. Beauty from $151.00 to $161.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. 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 given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $195.80.

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.