Alliance Wealth Advisors LLC UT Grows Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Alliance Wealth Advisors LLC UT raised its stake in e.l.f. Beauty, Inc. (NYSE:ELFFree Report) by 8.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,160 shares of the company’s stock after buying an additional 576 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in e.l.f. Beauty were worth $786,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. ST Germain D J Co. Inc. bought a new position in shares of e.l.f. Beauty in the 2nd quarter worth $26,000. Hollencrest Capital Management bought a new position in shares of e.l.f. Beauty in the 2nd quarter worth $27,000. Dark Forest Capital Management LP bought a new position in shares of e.l.f. Beauty in the 1st quarter worth $27,000. Point72 Middle East FZE bought a new position in shares of e.l.f. Beauty in the 4th quarter worth $28,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new position in shares of e.l.f. Beauty in the 3rd quarter worth $29,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Trading Up 0.7 %

NYSE:ELF opened at $175.80 on Monday. The company has a 50-day moving average price of $149.76 and a 200-day moving average price of $127.41. e.l.f. Beauty, Inc. has a 12 month low of $67.59 and a 12 month high of $177.00. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The stock has a market cap of $9.76 billion, a price-to-earnings ratio of 77.22, a P/E/G ratio of 2.21 and a beta of 1.54.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, January 18th. Truist Financial increased their target price on shares of e.l.f. Beauty from $150.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. DA Davidson increased their target price on shares of e.l.f. Beauty from $178.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Stifel Nicolaus increased their target price on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. Finally, Raymond James increased their target price on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $162.58.

View Our Latest Report on ELF

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,142 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $139.44, for a total value of $3,226,920.48. Following the completion of the sale, the chief executive officer now directly owns 44,263 shares of the company’s stock, valued at approximately $6,172,032.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Tarang Amin sold 23,142 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $139.44, for a total value of $3,226,920.48. Following the completion of the sale, the chief executive officer now directly owns 44,263 shares of the company’s stock, valued at approximately $6,172,032.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Joshua Allen Franks sold 1,023 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $152.50, for a total transaction of $156,007.50. Following the completion of the sale, the senior vice president now directly owns 91,003 shares of the company’s stock, valued at $13,877,957.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,092 shares of company stock valued at $10,082,191. Company insiders own 5.20% of the company’s stock.

e.l.f. Beauty Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

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