UMB Bank n.a. Has $135,000 Stake in e.l.f. Beauty $ELF

UMB Bank n.a. boosted its holdings in e.l.f. Beauty (NYSE:ELF) by 128.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,082 shares of the company’s stock after purchasing an additional 608 shares during the period. UMB Bank n.a.’s holdings in e.l.f. Beauty were worth $135,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Champlain Investment Partners LLC boosted its stake in shares of e.l.f. Beauty by 19.7% during the 1st quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock worth $167,337,000 after buying an additional 438,575 shares during the last quarter. Swedbank AB boosted its position in e.l.f. Beauty by 42.6% during the first quarter. Swedbank AB now owns 1,157,760 shares of the company’s stock valued at $72,696,000 after purchasing an additional 345,760 shares during the last quarter. Congress Asset Management Co. grew its stake in e.l.f. Beauty by 53.7% in the first quarter. Congress Asset Management Co. now owns 938,970 shares of the company’s stock valued at $58,958,000 after purchasing an additional 327,980 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of e.l.f. Beauty by 68.0% during the 1st quarter. Mackenzie Financial Corp now owns 862,671 shares of the company’s stock worth $54,167,000 after purchasing an additional 349,024 shares during the last quarter. Finally, Zevenbergen Capital Investments LLC raised its stake in shares of e.l.f. Beauty by 9.9% during the 1st quarter. Zevenbergen Capital Investments LLC now owns 682,009 shares of the company’s stock worth $42,823,000 after purchasing an additional 61,282 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Insider Activity at e.l.f. Beauty

In related news, insider Scott Milsten sold 55,581 shares of the business’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $134.56, for a total value of $7,478,979.36. Following the completion of the sale, the insider directly owned 112,406 shares in the company, valued at $15,125,351.36. The trade was a 33.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mandy J. Fields sold 55,692 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $136.28, for a total value of $7,589,705.76. Following the completion of the transaction, the insider directly owned 64,154 shares in the company, valued at approximately $8,742,907.12. This represents a 46.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 184,745 shares of company stock valued at $25,613,238 in the last 90 days. Corporate insiders own 3.90% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on ELF. Piper Sandler began coverage on shares of e.l.f. Beauty in a research note on Thursday, September 4th. They issued an “overweight” rating and a $150.00 target price for the company. The Goldman Sachs Group increased their price target on shares of e.l.f. Beauty from $120.00 to $137.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Raymond James Financial restated a “strong-buy” rating and set a $155.00 price objective (up from $140.00) on shares of e.l.f. Beauty in a research note on Monday, September 8th. JPMorgan Chase & Co. cut their target price on shares of e.l.f. Beauty from $132.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. Finally, UBS Group reduced their price target on e.l.f. Beauty from $120.00 to $112.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $133.40.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $129.04 on Thursday. The stock has a market cap of $7.65 billion, a PE ratio of 75.91, a P/E/G ratio of 3.15 and a beta of 1.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.34 and a current ratio of 3.26. The firm has a 50-day moving average of $124.14 and a 200-day moving average of $98.88. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $150.99.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The business had revenue of $353.74 million for the quarter, compared to analyst estimates of $348.99 million. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. e.l.f. Beauty’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 EPS. On average, sell-side analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current year.

e.l.f. Beauty 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.