DekaBank Deutsche Girozentrale Has $744,000 Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

DekaBank Deutsche Girozentrale trimmed its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 44.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,464 shares of the company’s stock after selling 2,826 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in e.l.f. Beauty were worth $744,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in e.l.f. Beauty during the 2nd quarter valued at $26,000. Matrix Trust Co bought a new stake in shares of e.l.f. Beauty during the second quarter worth $27,000. Innealta Capital LLC bought a new stake in shares of e.l.f. Beauty during the second quarter worth $30,000. Harbor Investment Advisory LLC bought a new position in shares of e.l.f. Beauty in the first quarter valued at about $31,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in e.l.f. Beauty by 405.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after buying an additional 138 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ELF shares. Canaccord Genuity Group raised their price objective on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Bank of America dropped their price objective on shares of e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, September 9th. TD Cowen decreased their price objective on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Canaccord Genuity Group upped their price target on e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Finally, B. Riley began coverage on e.l.f. Beauty in a report on Tuesday, September 10th. They issued a “buy” rating and a $175.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $198.80.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the transaction, the chief executive officer now owns 214,507 shares of the company’s stock, valued at $37,538,725. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of e.l.f. Beauty stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $175.00, for a total value of $95,900.00. Following the sale, the chief executive officer now owns 214,507 shares of the company’s stock, valued at approximately $37,538,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the transaction, the senior vice president now directly owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The disclosure for this sale can be found here. In the last three months, insiders sold 19,304 shares of company stock valued at $3,864,492. 5.20% of the stock is owned by corporate insiders.

e.l.f. Beauty Trading Down 0.0 %

ELF opened at $114.62 on Friday. The firm’s fifty day moving average is $155.66 and its two-hundred day moving average is $175.25. The firm has a market cap of $6.41 billion, a PE ratio of 51.63, a price-to-earnings-growth ratio of 2.37 and a beta of 1.45. e.l.f. Beauty, Inc. has a twelve month low of $88.47 and a twelve month high of $221.83. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.20. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. The firm had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. Equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.88 EPS for the current year.

e.l.f. Beauty Company Profile

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.