MRA Advisory Group Invests $204,000 in e.l.f. Beauty, Inc. (NYSE:ELF)

MRA Advisory Group acquired a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,622 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors have also recently bought and sold shares of the company. Evergreen Capital Management LLC raised its stake in shares of e.l.f. Beauty by 2.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 4,777 shares of the company’s stock worth $1,007,000 after purchasing an additional 99 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in e.l.f. Beauty during the second quarter valued at approximately $26,000. Cetera Trust Company N.A lifted its stake in e.l.f. Beauty by 14.4% in the third quarter. Cetera Trust Company N.A now owns 1,030 shares of the company’s stock valued at $112,000 after acquiring an additional 130 shares during the last quarter. Fulton Bank N.A. grew its position in e.l.f. Beauty by 1.7% in the third quarter. Fulton Bank N.A. now owns 8,222 shares of the company’s stock worth $896,000 after acquiring an additional 139 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of e.l.f. Beauty by 6.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,609 shares of the company’s stock worth $284,000 after purchasing an additional 159 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ELF. Canaccord Genuity Group reduced their price objective on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Piper Sandler boosted their price target on e.l.f. Beauty from $165.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. DA Davidson reissued a “buy” rating and set a $170.00 price objective on shares of e.l.f. Beauty in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft assumed coverage on e.l.f. Beauty in a report on Thursday, December 12th. They issued a “hold” rating and a $133.00 target price for the company. Finally, The Goldman Sachs Group initiated coverage on e.l.f. Beauty in a research report on Friday, December 13th. They set a “buy” rating and a $165.00 target price for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $172.76.

Insider Transactions at e.l.f. Beauty

In related news, insider Scott Milsten sold 530 shares of the firm’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 completion of the transaction, the insider now owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 99,699 shares in the company, valued at approximately $13,718,582.40. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,205 shares of company stock valued at $297,442. Company insiders own 3.50% of the company’s stock.

e.l.f. Beauty Trading Up 5.9 %

Shares of ELF opened at $132.23 on Tuesday. The stock’s 50-day moving average price is $127.78 and its 200 day moving average price is $138.59. 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 capitalization of $7.45 billion, a price-to-earnings ratio of 71.48, a P/E/G ratio of 3.08 and a beta of 1.50. e.l.f. Beauty, Inc. has a 12-month low of $98.50 and a 12-month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The business had revenue of $301.10 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 39.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 earnings per share. As a group, research analysts predict that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

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.