US Bancorp DE Cuts Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

US Bancorp DE reduced its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 15.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,059 shares of the company’s stock after selling 197 shares during the quarter. US Bancorp DE’s holdings in e.l.f. Beauty were worth $87,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. CWM LLC raised its position in e.l.f. Beauty by 89.7% in the first quarter. CWM LLC now owns 385 shares of the company’s stock valued at $32,000 after purchasing an additional 182 shares during the period. Point72 Middle East FZE purchased a new position in e.l.f. Beauty in the fourth quarter valued at about $28,000. Exchange Traded Concepts LLC purchased a new position in e.l.f. Beauty in the first quarter valued at about $51,000. Point72 Asset Management L.P. purchased a new position in e.l.f. Beauty in the fourth quarter valued at about $46,000. Finally, Covestor Ltd increased its position in shares of e.l.f. Beauty by 8,340.0% during the first quarter. Covestor Ltd now owns 1,266 shares of the company’s stock worth $33,000 after acquiring an additional 1,251 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Scott Milsten sold 23,659 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $104.81, for a total transaction of $2,479,699.79. Following the sale, the insider now owns 79,104 shares of the company’s stock, valued at $8,290,890.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other e.l.f. Beauty news, insider Scott Milsten sold 23,659 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $104.81, for a total value of $2,479,699.79. Following the transaction, the insider now owns 79,104 shares of the company’s stock, valued at $8,290,890.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard G. Wolford sold 36,773 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $107.15, for a total value of $3,940,226.95. Following the completion of the transaction, the director now directly owns 22,143 shares in the company, valued at approximately $2,372,622.45. The disclosure for this sale can be found here. Insiders have sold a total of 161,682 shares of company stock valued at $18,983,051 over the last quarter. Corporate insiders own 5.20% of the company’s stock.

e.l.f. Beauty Stock Performance

ELF opened at $138.71 on Friday. The business’s 50 day moving average is $119.79 and its 200-day moving average is $98.54. The stock has a market cap of $7.55 billion, a PE ratio of 78.37, a price-to-earnings-growth ratio of 2.95 and a beta of 1.50. The company has a current ratio of 3.38, a quick ratio of 2.48 and a debt-to-equity ratio of 0.13. e.l.f. Beauty, Inc. has a twelve month low of $36.13 and a twelve month high of $139.85.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Tuesday, August 1st. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.49 by $0.51. e.l.f. Beauty had a return on equity of 26.43% and a net margin of 14.87%. The firm had revenue of $216.34 million for the quarter, compared to analysts’ expectations of $184.92 million. On average, analysts predict that e.l.f. Beauty, Inc. will post 1.92 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Truist Financial lifted their target price on e.l.f. Beauty from $110.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Morgan Stanley lifted their target price on e.l.f. Beauty from $118.00 to $162.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. Piper Sandler lifted their target price on e.l.f. Beauty from $105.00 to $114.00 in a research report on Thursday, May 25th. StockNews.com assumed coverage on e.l.f. Beauty in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Bank of America lifted their target price on e.l.f. Beauty from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $124.00.

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.