Alliance Wealth Advisors LLC UT Has $925,000 Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Alliance Wealth Advisors LLC UT lowered its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 10.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,409 shares of the company’s stock after selling 751 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in e.l.f. Beauty were worth $925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Armstrong Advisory Group Inc. increased its position in e.l.f. Beauty by 390.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock valued at $29,000 after purchasing an additional 160 shares during the period. GPS Wealth Strategies Group LLC increased its position in e.l.f. Beauty by 66.4% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock valued at $35,000 after purchasing an additional 97 shares during the period. GAMMA Investing LLC acquired a new stake in e.l.f. Beauty during the 4th quarter valued at approximately $42,000. BluePath Capital Management LLC acquired a new stake in e.l.f. Beauty during the 3rd quarter valued at approximately $34,000. Finally, Avior Wealth Management LLC increased its position in e.l.f. Beauty by 3,600.0% during the 4th quarter. Avior Wealth Management LLC now owns 370 shares of the company’s stock valued at $53,000 after purchasing an additional 360 shares during the period. Institutional investors and hedge funds 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 23,519 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the transaction, the chief executive officer now directly owns 10,889 shares in the company, valued at approximately $2,165,713.21. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Kory Marchisotto sold 29,408 shares of e.l.f. Beauty stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $166.40, for a total transaction of $4,893,491.20. Following the sale, the insider now directly owns 156,969 shares in the company, valued at approximately $26,119,641.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the sale, the chief executive officer now owns 10,889 shares in the company, valued at $2,165,713.21. The disclosure for this sale can be found here. In the last three months, insiders have sold 178,081 shares of company stock worth $30,457,064. Corporate insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

ELF has been the subject of a number of recent analyst reports. Piper Sandler increased their target price on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Stifel Nicolaus raised their price objective on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. raised their price objective on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. DA Davidson reaffirmed a “buy” rating and set a $220.00 price objective on shares of e.l.f. Beauty in a research report on Monday, April 8th. Finally, StockNews.com downgraded shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.33.

e.l.f. Beauty Stock Up 2.0 %

NYSE:ELF traded up $3.60 during trading hours on Friday, hitting $179.63. 1,512,347 shares of the company traded hands, compared to its average volume of 1,870,720. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27. The firm’s 50-day simple moving average is $186.57 and its 200-day simple moving average is $151.51. e.l.f. Beauty, Inc. has a one year low of $83.80 and a one year high of $221.83. The company has a market cap of $9.97 billion, a PE ratio of 79.48, a PEG ratio of 1.65 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. The business had revenue of $270.94 million for the quarter, compared to analysts’ expectations of $239.66 million. Equities analysts predict that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current year.

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.