Sanctuary Advisors LLC Boosts Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Sanctuary Advisors LLC lifted its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 33.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,981 shares of the company’s stock after acquiring an additional 1,753 shares during the period. Sanctuary Advisors LLC’s holdings in e.l.f. Beauty were worth $761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ELF. WealthShield Partners LLC purchased a new position in e.l.f. Beauty in the 2nd quarter valued at $308,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of e.l.f. Beauty by 405.9% in 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 in the last quarter. Burney Co. purchased a new position in shares of e.l.f. Beauty in the second quarter worth about $1,445,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of e.l.f. Beauty by 11.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,827 shares of the company’s stock worth $2,703,000 after purchasing an additional 1,364 shares during the last quarter. Finally, Tobam acquired a new position in e.l.f. Beauty during the second quarter worth $113,000. 92.44% of the stock is owned by institutional investors and hedge funds.

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

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the transaction, the chief executive officer now directly owns 99,699 shares in the company, valued at $13,718,582.40. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott Milsten sold 530 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the sale, the insider now owns 68,853 shares of the company’s stock, valued at $9,474,172.80. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,205 shares of company stock valued at $297,442. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $128.95 on Tuesday. e.l.f. Beauty, Inc. has a 52-week low of $98.50 and a 52-week high of $221.83. The company’s 50 day moving average is $121.61 and its two-hundred day moving average is $146.71. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The firm has a market cap of $7.26 billion, a PE ratio of 69.70, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.34. The company had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. e.l.f. Beauty’s revenue was up 39.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 EPS. On average, research analysts expect that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ELF shares. Deutsche Bank Aktiengesellschaft initiated coverage on e.l.f. Beauty in a research note on Thursday, December 12th. They issued a “hold” rating and a $133.00 target price for the company. The Goldman Sachs Group began coverage on shares of e.l.f. Beauty in a report on Friday, December 13th. They issued a “buy” rating and a $165.00 target price on the stock. TD Cowen dropped their price target on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Morgan Stanley reduced their price target on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. cut their target price on e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $171.82.

About e.l.f. Beauty

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.