Coastline Trust Co Buys 3,531 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Coastline Trust Co raised its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 97.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,156 shares of the company’s stock after purchasing an additional 3,531 shares during the quarter. Coastline Trust Co’s holdings in e.l.f. Beauty were worth $780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ashton Thomas Private Wealth LLC purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at $26,000. Matrix Trust Co purchased a new stake in e.l.f. Beauty during the second quarter valued at about $27,000. Innealta Capital LLC bought a new stake in e.l.f. Beauty during the second quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. lifted its stake in e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after purchasing an additional 138 shares during the last quarter. Finally, Crewe Advisors LLC boosted its holdings in shares of e.l.f. Beauty by 456.3% in the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock worth $38,000 after purchasing an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Bank of America dropped their target price on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Robert W. Baird lowered their price objective on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 21st. UBS Group cut their price objective on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Morgan Stanley decreased their target price on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Monday, September 30th. Finally, Stifel Nicolaus lowered their price target on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $173.53.

e.l.f. Beauty Trading Down 1.5 %

ELF opened at $121.27 on Friday. e.l.f. Beauty, Inc. has a one year low of $98.50 and a one year high of $221.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The business has a 50 day simple moving average of $111.39 and a two-hundred day simple moving average of $154.16. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 65.55, a PEG ratio of 2.69 and a beta of 1.44.

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

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. The trade was a 18.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company 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.