RFG Advisory LLC Acquires Shares of 14,158 e.l.f. Beauty $ELF

RFG Advisory LLC acquired a new stake in shares of e.l.f. Beauty (NYSE:ELF) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,158 shares of the company’s stock, valued at approximately $1,077,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of e.l.f. Beauty by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock valued at $417,255,000 after acquiring an additional 140,258 shares during the last quarter. Swedbank AB boosted its holdings in shares of e.l.f. Beauty by 97.0% during the 4th quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after acquiring an additional 672,071 shares during the last quarter. Capital International Investors boosted its holdings in shares of e.l.f. Beauty by 11.9% during the 3rd quarter. Capital International Investors now owns 936,831 shares of the company’s stock valued at $124,111,000 after acquiring an additional 99,594 shares during the last quarter. Capital World Investors boosted its holdings in shares of e.l.f. Beauty by 2.1% during the 3rd quarter. Capital World Investors now owns 661,936 shares of the company’s stock valued at $87,693,000 after acquiring an additional 13,880 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of e.l.f. Beauty by 22.7% during the 2nd quarter. Bank of America Corp DE now owns 567,582 shares of the company’s stock valued at $70,630,000 after acquiring an additional 105,031 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Transactions at e.l.f. Beauty

In other news, insider Kory Marchisotto sold 23,796 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $63.66, for a total value of $1,514,853.36. Following the transaction, the insider owned 152,417 shares in the company, valued at $9,702,866.22. This represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tarang Amin sold 52,880 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $62.64, for a total transaction of $3,312,403.20. Following the completion of the transaction, the chief executive officer owned 98,416 shares in the company, valued at $6,164,778.24. This trade represents a 34.95% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 210,013 shares of company stock worth $13,315,490. 3.90% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $60.68 on Friday. The firm’s 50 day moving average price is $70.01 and its 200-day moving average price is $80.94. e.l.f. Beauty has a twelve month low of $58.05 and a twelve month high of $150.99. The company has a quick ratio of 1.89, a current ratio of 2.76 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $3.58 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 3.28 and a beta of 1.71.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.52. e.l.f. Beauty had a net margin of 6.84% and a return on equity of 15.08%. The firm had revenue of $489.51 million for the quarter, compared to analysts’ expectations of $461.78 million. During the same quarter in the prior year, the business earned $0.74 EPS. The business’s quarterly revenue was up 37.8% on a year-over-year basis. Equities research analysts expect that e.l.f. Beauty will post 1.88 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ELF shares. Bank of America dropped their price target on shares of e.l.f. Beauty from $115.00 to $93.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Weiss Ratings downgraded shares of e.l.f. Beauty from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Robert W. Baird dropped their price target on shares of e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. TD Cowen dropped their price target on shares of e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Finally, Evercore started coverage on shares of e.l.f. Beauty in a report on Thursday, April 2nd. They set an “inline” rating and a $68.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average price target of $103.06.

e.l.f. Beauty Profile

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.