Axxcess Wealth Management LLC Acquires New Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Axxcess Wealth Management LLC bought a new position in e.l.f. Beauty, Inc. (NYSE:ELF) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,737 shares of the company’s stock, valued at approximately $929,000.

Several other large investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in e.l.f. Beauty by 7.2% in the third quarter. Public Employees Retirement System of Ohio now owns 2,573 shares of the company’s stock worth $283,000 after purchasing an additional 172 shares during the period. SG Americas Securities LLC acquired a new position in shares of e.l.f. Beauty during the fourth quarter valued at approximately $199,000. Raymond James & Associates increased its stake in shares of e.l.f. Beauty by 120.8% during the fourth quarter. Raymond James & Associates now owns 69,251 shares of the company’s stock valued at $9,996,000 after acquiring an additional 37,881 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in e.l.f. Beauty by 954.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 35,161 shares of the company’s stock worth $5,075,000 after purchasing an additional 31,825 shares in the last quarter. Finally, PFG Investments LLC acquired a new stake in e.l.f. Beauty in the fourth quarter worth approximately $305,000. 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, SVP Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the sale, the senior vice president now owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 42,953 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total value of $7,944,586.88. Following the sale, the chief executive officer now owns 258,667 shares of the company’s stock, valued at approximately $47,843,048.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joshua Allen Franks sold 3,370 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the sale, the senior vice president now owns 71,986 shares in the company, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. Insiders have sold a total of 120,361 shares of company stock worth $22,019,033 over the last three months. Corporate insiders own 5.20% of the company’s stock.

e.l.f. Beauty Stock Up 7.3 %

Shares of ELF traded up $12.47 during midday trading on Friday, reaching $182.82. 1,520,096 shares of the stock were exchanged, compared to its average volume of 1,586,248. The company has a market cap of $10.31 billion, a price-to-earnings ratio of 80.80, a P/E/G ratio of 3.83 and a beta of 1.46. The firm has a 50 day simple moving average of $191.12 and a 200-day simple moving average of $180.91. e.l.f. Beauty, Inc. has a 12-month low of $88.47 and a 12-month high of $221.83. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.25.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, May 22nd. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.21 by $0.16. The company had revenue of $321.14 million during the quarter, compared to the consensus estimate of $292.47 million. e.l.f. Beauty had a net margin of 12.47% and a return on equity of 26.64%. Research analysts forecast that e.l.f. Beauty, Inc. will post 2.83 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ELF. Baird R W upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 18th. TD Cowen raised their price objective on shares of e.l.f. Beauty from $190.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Truist Financial raised their target price on shares of e.l.f. Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Robert W. Baird raised e.l.f. Beauty from a “neutral” rating to an “outperform” rating and upped their price target for the company from $210.00 to $230.00 in a report on Thursday, July 18th. Finally, Canaccord Genuity Group raised their price objective on e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $210.00.

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.