Northern Trust Corp Lowers Holdings in e.l.f. Beauty $ELF

Northern Trust Corp decreased its holdings in e.l.f. Beauty (NYSE:ELF) by 0.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 465,080 shares of the company’s stock after selling 706 shares during the period. Northern Trust Corp owned about 0.82% of e.l.f. Beauty worth $29,202,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in e.l.f. Beauty in the fourth quarter worth approximately $30,000. Golden State Wealth Management LLC bought a new position in e.l.f. Beauty in the first quarter worth approximately $33,000. Larson Financial Group LLC raised its stake in e.l.f. Beauty by 56.5% in the first quarter. Larson Financial Group LLC now owns 676 shares of the company’s stock worth $42,000 after buying an additional 244 shares in the last quarter. Signaturefd LLC raised its stake in e.l.f. Beauty by 27.9% in the first quarter. Signaturefd LLC now owns 858 shares of the company’s stock worth $54,000 after buying an additional 187 shares in the last quarter. Finally, Brooklyn Investment Group raised its stake in e.l.f. Beauty by 6,242.9% in the first quarter. Brooklyn Investment Group now owns 888 shares of the company’s stock worth $56,000 after buying an additional 874 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Insider Activity

In related news, SVP Joshua Allen Franks sold 11,860 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $115.56, for a total transaction of $1,370,541.60. Following the completion of the transaction, the senior vice president owned 121,967 shares of the company’s stock, valued at approximately $14,094,506.52. This trade represents a 8.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mandy J. Fields sold 11,795 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $115.56, for a total transaction of $1,363,030.20. Following the completion of the transaction, the insider directly owned 121,333 shares of the company’s stock, valued at $14,021,241.48. This represents a 8.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 112,836 shares of company stock worth $13,076,695 in the last three months. 3.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ELF. Robert W. Baird upped their price target on e.l.f. Beauty from $110.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, June 6th. Morgan Stanley raised e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $114.00 to $134.00 in a research report on Monday, August 11th. Canaccord Genuity Group reduced their price target on e.l.f. Beauty from $150.00 to $128.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. UBS Group reduced their price target on e.l.f. Beauty from $120.00 to $112.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Finally, B. Riley reissued a “buy” rating and set a $150.00 price objective (up from $110.00) on shares of e.l.f. Beauty in a report on Friday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.81.

e.l.f. Beauty Trading Down 3.5%

ELF stock opened at $124.78 on Friday. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $155.33. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. The company’s 50-day simple moving average is $118.38 and its 200-day simple moving average is $90.83. The firm has a market cap of $7.40 billion, a P/E ratio of 73.40, a PEG ratio of 3.08 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. The firm had revenue of $353.74 million during the quarter, compared to the consensus estimate of $348.99 million. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 EPS. As a group, equities analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

e.l.f. Beauty Company Profile

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.