Peterson Financial Group Inc. Buys Shares of 409 e.l.f. Beauty, Inc. (NYSE:ELF)

Peterson Financial Group Inc. acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 409 shares of the company’s stock, valued at approximately $45,000.

Other hedge funds have also recently made changes to their positions in the company. Picton Mahoney Asset Management increased its position in e.l.f. Beauty by 3.2% during the 2nd quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock valued at $512,000 after buying an additional 75 shares in the last quarter. Hanseatic Management Services Inc. increased its holdings in shares of e.l.f. Beauty by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock valued at $950,000 after acquiring an additional 77 shares in the last quarter. Portside Wealth Group LLC raised its position in shares of e.l.f. Beauty by 3.2% in the 2nd quarter. Portside Wealth Group LLC now owns 2,982 shares of the company’s stock valued at $628,000 after purchasing an additional 93 shares during the last quarter. GAMMA Investing LLC boosted its stake in e.l.f. Beauty by 27.8% in the 2nd quarter. GAMMA Investing LLC now owns 451 shares of the company’s stock worth $95,000 after purchasing an additional 98 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its position in e.l.f. Beauty by 2.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 4,777 shares of the company’s stock worth $1,007,000 after purchasing an additional 99 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the sale, the chief executive officer now owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. The trade was a 18.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ELF shares. Jefferies Financial Group decreased their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Morgan Stanley reduced their target price on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research note on Monday, September 30th. Robert W. Baird dropped their price target on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Bank of America cut their price objective on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Finally, Stifel Nicolaus decreased their target price on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $173.53.

e.l.f. Beauty Price Performance

NYSE:ELF opened at $121.33 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The company has a 50 day moving average price of $111.39 and a 200-day moving average price of $154.10. e.l.f. Beauty, Inc. has a 1-year low of $98.50 and a 1-year high of $221.83. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 65.58, a price-to-earnings-growth ratio of 2.66 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.43 by $0.34. The company had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The firm’s revenue was up 39.7% on a year-over-year basis. During the same quarter last year, the business earned $0.66 earnings per share. Equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS 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.