e.l.f. Beauty, Inc. (NYSE:ELF) Stake Boosted by Blue Trust Inc.

Blue Trust Inc. raised its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 2,357.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 516 shares of the company’s stock after purchasing an additional 495 shares during the period. Blue Trust Inc.’s holdings in e.l.f. Beauty were worth $56,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at about $26,000. Matrix Trust Co bought a new position in shares of e.l.f. Beauty during the second quarter valued at approximately $27,000. Innealta Capital LLC bought a new position in shares of e.l.f. Beauty during the second quarter valued at approximately $30,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of 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 purchasing an additional 138 shares during the period. Finally, Crewe Advisors LLC lifted its holdings in shares of e.l.f. Beauty by 456.3% in the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock worth $38,000 after purchasing an additional 146 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on ELF shares. TD Cowen lowered their price objective on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Robert W. Baird reduced their price target on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Baird R W raised shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 18th. Piper Sandler cut their price objective on shares of e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Finally, Bank of America decreased their target price on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.80.

e.l.f. Beauty Stock Performance

ELF opened at $105.30 on Friday. The business has a 50 day moving average price of $118.00 and a two-hundred day moving average price of $158.16. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 47.43, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. e.l.f. Beauty, Inc. has a 1-year low of $88.47 and a 1-year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $324.48 million for the quarter, compared to the consensus estimate of $303.60 million. Research analysts predict that e.l.f. Beauty, Inc. will post 2.88 EPS for the current fiscal year.

Insider Buying and Selling at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty stock in a transaction that occurred 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 transaction, the chief executive officer now owns 106,016 shares of the company’s stock, valued at $14,465,883.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 5.20% of the stock is owned by corporate insiders.

e.l.f. Beauty 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.