Peterson Wealth Services Makes New $251,000 Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

Peterson Wealth Services acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,738 shares of the company’s stock, valued at approximately $251,000.

Other institutional investors have also made changes to their positions in the company. Dark Forest Capital Management LP acquired a new position in shares of e.l.f. Beauty during the first quarter worth $27,000. Point72 Middle East FZE acquired a new position in shares of e.l.f. Beauty during the fourth quarter worth $28,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of e.l.f. Beauty during the third quarter worth $29,000. Armstrong Advisory Group Inc. lifted its position in shares of e.l.f. Beauty by 390.2% during the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock worth $29,000 after purchasing an additional 160 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of e.l.f. Beauty by 8,340.0% during the first quarter. Covestor Ltd now owns 1,266 shares of the company’s stock worth $33,000 after purchasing an additional 1,251 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ELF has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price 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. Raymond James increased their price objective on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. Bank of America increased their price objective on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. StockNews.com downgraded shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Finally, Robert W. Baird started coverage on shares of e.l.f. Beauty in a research note on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $184.33.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock traded up $0.79 during trading hours on Thursday, reaching $167.05. The company’s stock had a trading volume of 768,401 shares, compared to its average volume of 1,529,377. The company’s 50 day simple moving average is $186.70 and its 200 day simple moving average is $148.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. e.l.f. Beauty, Inc. has a one year low of $83.80 and a one year high of $221.83. The stock has a market cap of $9.27 billion, a P/E ratio of 73.57, a price-to-earnings-growth ratio of 1.54 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. The firm had revenue of $270.94 million for the quarter, compared to the consensus estimate of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. As a group, analysts expect that e.l.f. Beauty, Inc. will post 2.5 EPS for the current fiscal year.

Insider Activity at e.l.f. Beauty

In related news, SVP Joshua Allen Franks sold 727 shares of e.l.f. Beauty stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $165.16, for a total value of $120,071.32. Following the sale, the senior vice president now directly owns 83,736 shares in the company, valued at approximately $13,829,837.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were 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 owns 10,889 shares of the company’s stock, valued at approximately $2,165,713.21. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Joshua Allen Franks sold 727 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $165.16, for a total transaction of $120,071.32. Following the transaction, the senior vice president now directly owns 83,736 shares in the company, valued at approximately $13,829,837.76. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

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.