e.l.f. Beauty, Inc. (NYSE:ELF) Shares Bought by Blue Trust Inc.

Blue Trust Inc. lifted its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 52.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 785 shares of the company’s stock after acquiring an additional 269 shares during the period. Blue Trust Inc.’s holdings in e.l.f. Beauty were worth $99,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ELF. Wilmington Savings Fund Society FSB acquired a new position in shares of e.l.f. Beauty during the third quarter valued at $25,000. Planning Capital Management Corp boosted its stake in e.l.f. Beauty by 1,855.0% during the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after purchasing an additional 371 shares during the period. nVerses Capital LLC acquired a new position in e.l.f. Beauty during the 3rd quarter valued at about $44,000. Peterson Financial Group Inc. bought a new position in e.l.f. Beauty in the 3rd quarter worth about $45,000. Finally, UMB Bank n.a. increased its stake in shares of e.l.f. Beauty by 64.1% in the fourth quarter. UMB Bank n.a. now owns 540 shares of the company’s stock valued at $68,000 after purchasing an additional 211 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ELF. Piper Sandler reduced their price target on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. UBS Group reissued a “neutral” rating and set a $74.00 target price (down previously from $158.00) on shares of e.l.f. Beauty in a research note on Friday. Jefferies Financial Group reduced 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 research note on Wednesday, October 30th. Finally, Raymond James lowered their price objective on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research note on Friday. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $134.00.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock opened at $71.12 on Friday. The firm has a fifty day moving average price of $123.67 and a two-hundred day moving average price of $128.61. The company has a market cap of $4.01 billion, a PE ratio of 38.44, a price-to-earnings-growth ratio of 1.74 and a beta of 1.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. e.l.f. Beauty, Inc. has a fifty-two week low of $63.50 and a fifty-two week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. Analysts expect that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

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

In other news, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now owns 68,853 shares in the company, valued at $9,474,172.80. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Maureen C. Watson sold 785 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the transaction, the director now owns 1,888 shares in the company, valued at $245,440. This represents a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock worth $297,442 over the last three months. Company insiders own 3.50% of the company’s stock.

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.