Sequoia Financial Advisors LLC Lowers Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Sequoia Financial Advisors LLC cut its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 9.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,878 shares of the company’s stock after selling 283 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in e.l.f. Beauty were worth $415,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. 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 valued at $29,000 after buying an additional 160 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its position in shares of e.l.f. Beauty by 66.4% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock valued at $35,000 after buying an additional 97 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of e.l.f. Beauty during the third quarter valued at about $29,000. BluePath Capital Management LLC acquired a new position in shares of e.l.f. Beauty during the third quarter valued at about $34,000. Finally, IFP Advisors Inc acquired a new position in shares of e.l.f. Beauty during the second quarter valued at about $36,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $166.26 on Thursday. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 73.57, a PEG ratio of 1.52 and a beta of 1.57. e.l.f. Beauty, Inc. has a 12 month low of $83.80 and a 12 month high of $221.83. The firm’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 current ratio of 1.50 and a quick ratio of 0.83.

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

Wall Street Analyst Weigh In

ELF has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective 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 upped their price objective 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. Piper Sandler upped their price objective on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. Stifel Nicolaus increased their price target on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Finally, Morgan Stanley increased their price target on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. One equities research 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $184.33.

Insider Activity

In other news, SVP Joshua Allen Franks sold 727 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the transaction, the senior vice president now owns 83,736 shares in the company, valued at approximately $13,829,837.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Tarang Amin sold 23,519 shares of the stock in a transaction that occurred 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 owns 10,889 shares in the company, valued at approximately $2,165,713.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Joshua Allen Franks sold 727 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $165.16, for a total value of $120,071.32. Following the transaction, the senior vice president now owns 83,736 shares in the company, valued at approximately $13,829,837.76. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

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.