US Bancorp DE Sells 976 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

US Bancorp DE decreased its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 38.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,542 shares of the company’s stock after selling 976 shares during the period. US Bancorp DE’s holdings in e.l.f. Beauty were worth $168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ELF. Baillie Gifford & Co. acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at $801,693,000. Swedbank AB acquired a new stake in e.l.f. Beauty in the third quarter valued at about $76,321,000. Clearbridge Investments LLC bought a new position in e.l.f. Beauty in the first quarter valued at about $133,940,000. 1832 Asset Management L.P. acquired a new position in e.l.f. Beauty during the first quarter worth about $61,299,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of e.l.f. Beauty by 55.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company’s stock worth $79,633,000 after acquiring an additional 261,707 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Stock Up 0.1 %

e.l.f. Beauty stock opened at $123.05 on Friday. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 66.39, a PEG ratio of 2.88 and a beta of 1.44. e.l.f. Beauty, Inc. has a 52-week low of $98.50 and a 52-week high of $221.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The firm has a 50 day moving average price of $111.68 and a two-hundred day moving average price of $154.73.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ELF shares. DA Davidson decreased their price target on shares of e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group decreased their target price on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Raymond James reiterated a “strong-buy” rating and set a $235.00 price target on shares of e.l.f. Beauty in a report on Monday, July 22nd. Piper Sandler reissued an “overweight” rating and set a $165.00 price objective (up previously from $162.00) on shares of e.l.f. Beauty in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. reduced their price objective on e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $173.53.

Insider Activity at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty 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 in the company, valued at $14,465,883.20. The trade was a 18.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.50% 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.