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

US Bancorp DE lowered its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 38.8% during the 3rd quarter, Holdings Channel reports. The fund 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 SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new position in shares of e.l.f. Beauty in the 2nd quarter worth $26,000. Matrix Trust Co bought a new stake in shares of e.l.f. Beauty during the second quarter worth about $27,000. Innealta Capital LLC bought a new position in e.l.f. Beauty in the 2nd quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. boosted its stake in e.l.f. Beauty by 405.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after purchasing an additional 138 shares during the last quarter. Finally, Crewe Advisors LLC raised its stake in shares of e.l.f. Beauty by 456.3% in the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock worth $38,000 after purchasing an additional 146 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

ELF stock opened at $123.05 on Friday. The firm has a 50 day moving average of $111.68 and a 200-day moving average of $154.73. The firm has a market capitalization of $6.93 billion, a P/E ratio of 66.39, a price-to-earnings-growth ratio of 2.88 and a beta of 1.44. e.l.f. Beauty, Inc. has a 12 month low of $98.50 and a 12 month high of $221.83. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ELF shares. Jefferies Financial Group cut their target price on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. DA Davidson lowered their target price on shares of e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, November 7th. UBS Group dropped their price target on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Baird R W raised shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 18th. Finally, Canaccord Genuity Group dropped their target price on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $173.53.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 23,528 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the transaction, the chief executive officer now directly owns 106,016 shares in the company, valued at approximately $14,465,883.20. This represents a 18.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.50% of the company’s stock.

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.