Moors & Cabot Inc. Makes New Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

Moors & Cabot Inc. acquired a new position in e.l.f. Beauty, Inc. (NYSE:ELF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,141 shares of the company’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new stake in e.l.f. Beauty in the 2nd quarter worth approximately $26,000. Matrix Trust Co purchased a new stake in e.l.f. Beauty in the 2nd quarter worth approximately $27,000. Innealta Capital LLC bought a new position in shares of e.l.f. Beauty in the 2nd quarter worth approximately $30,000. Harbor Investment Advisory LLC bought a new position in shares of e.l.f. Beauty in the 1st quarter worth approximately $31,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of e.l.f. Beauty by 405.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after acquiring an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. B. Riley assumed coverage on e.l.f. Beauty in a research report on Tuesday, September 10th. They issued a “buy” rating and a $175.00 target price for the company. Bank of America decreased their target price on e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, September 9th. Robert W. Baird increased their target price on e.l.f. Beauty from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Truist Financial increased their target price on e.l.f. Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, Piper Sandler reduced their price objective on e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $198.80.

e.l.f. Beauty Stock Down 1.5 %

e.l.f. Beauty stock opened at $112.89 on Friday. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 50.85, a PEG ratio of 2.37 and a beta of 1.45. The stock has a fifty day simple moving average of $153.71 and a two-hundred day simple moving average of $174.58. e.l.f. Beauty, Inc. has a 12 month low of $88.47 and a 12 month high of $221.83. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. The business 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%. Equities analysts predict that e.l.f. Beauty, Inc. will post 2.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 548 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $175.00, for a total value of $95,900.00. Following the transaction, the chief executive officer now directly owns 214,507 shares in the company, valued at approximately $37,538,725. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, SVP Joshua Allen Franks sold 3,370 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was 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 in the company, valued at approximately $14,489,342.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Tarang Amin sold 548 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the transaction, the chief executive officer now owns 214,507 shares in the company, valued at $37,538,725. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,304 shares of company stock valued at $3,864,492. Corporate insiders own 5.20% of the company’s stock.

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.