e.l.f. Beauty (NYSE:ELF) Shares Acquired by US Bancorp DE

US Bancorp DE increased its stake in e.l.f. Beauty (NYSE:ELF) by 88.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,095 shares of the company’s stock after purchasing an additional 1,454 shares during the quarter. US Bancorp DE’s holdings in e.l.f. Beauty were worth $194,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Aurora Investment Counsel acquired a new stake in e.l.f. Beauty in the first quarter worth about $294,000. Caas Capital Management LP lifted its holdings in e.l.f. Beauty by 1,466.7% in the first quarter. Caas Capital Management LP now owns 4,700 shares of the company’s stock worth $295,000 after purchasing an additional 4,400 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in e.l.f. Beauty by 42.0% in the first quarter. Harbor Capital Advisors Inc. now owns 103,235 shares of the company’s stock worth $6,482,000 after purchasing an additional 30,530 shares during the period. Granahan Investment Management LLC acquired a new stake in e.l.f. Beauty in the fourth quarter worth about $9,671,000. Finally, Vontobel Holding Ltd. lifted its holdings in e.l.f. Beauty by 165.6% in the first quarter. Vontobel Holding Ltd. now owns 15,181 shares of the company’s stock worth $953,000 after purchasing an additional 9,466 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ELF shares. Truist Financial upped their price objective on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, June 6th. UBS Group cut their price target on shares of e.l.f. Beauty from $120.00 to $112.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Robert W. Baird upped their price target on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, June 6th. Bank of America upped their price target on shares of e.l.f. Beauty from $113.00 to $135.00 and gave the company a “buy” rating in a report on Friday, June 20th. Finally, Piper Sandler reissued an “overweight” rating and issued a $109.00 price target (up from $81.00) on shares of e.l.f. Beauty in a report on Thursday, May 29th. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and a consensus target price of $123.81.

Insider Activity

In other e.l.f. Beauty news, insider Mandy J. Fields sold 1,487 shares of the business’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $117.61, for a total transaction of $174,886.07. Following the sale, the insider owned 119,846 shares in the company, valued at approximately $14,095,088.06. The trade was a 1.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joshua Allen Franks sold 1,496 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $117.61, for a total value of $175,944.56. Following the completion of the transaction, the senior vice president owned 120,471 shares in the company, valued at $14,168,594.31. This represents a 1.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 126,589 shares of company stock worth $14,547,949. 3.90% of the stock is owned by company insiders.

e.l.f. Beauty Price Performance

NYSE ELF opened at $116.58 on Friday. The stock’s 50-day moving average price is $118.82 and its two-hundred day moving average price is $88.56. The company has a current ratio of 3.26, a quick ratio of 2.34 and a debt-to-equity ratio of 0.32. The company has a market cap of $6.92 billion, a PE ratio of 68.58, a PEG ratio of 2.95 and a beta of 1.57. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $172.49.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. The firm had revenue of $353.74 million for the quarter, compared to the consensus estimate of $348.99 million. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 EPS. On average, analysts predict that e.l.f. Beauty will post 2.38 EPS for the current year.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.