Fifth Third Wealth Advisors LLC Takes Position in e.l.f. Beauty $ELF

Fifth Third Wealth Advisors LLC acquired a new stake in shares of e.l.f. Beauty (NYSE:ELFFree Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,730 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in shares of e.l.f. Beauty during the first quarter valued at approximately $33,000. Parallel Advisors LLC grew its position in e.l.f. Beauty by 167.9% in the second quarter. Parallel Advisors LLC now owns 627 shares of the company’s stock valued at $78,000 after acquiring an additional 393 shares during the period. Larson Financial Group LLC grew its position 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 valued at $42,000 after acquiring an additional 244 shares during the period. Smartleaf Asset Management LLC grew its position in e.l.f. Beauty by 577.7% in the first quarter. Smartleaf Asset Management LLC now owns 759 shares of the company’s stock valued at $49,000 after acquiring an additional 647 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in e.l.f. Beauty in the second quarter valued at $106,000. 92.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at e.l.f. Beauty

In other news, CEO Tarang Amin sold 116,315 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $132.24, for a total transaction of $15,381,495.60. Following the transaction, the chief executive officer owned 81,818 shares of the company’s stock, valued at $10,819,612.32. This represents a 58.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction, the insider directly owned 64,154 shares in the company, valued at $8,742,907.12. This trade represents a 46.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 301,060 shares of company stock valued at $40,994,733 over the last ninety days. Company insiders own 3.90% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of ELF stock opened at $132.70 on Wednesday. The stock’s fifty day moving average is $129.17 and its 200-day moving average is $105.87. 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 stock has a market capitalization of $7.87 billion, a PE ratio of 78.06, a PEG ratio of 3.08 and a beta of 1.57. 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:ELFGet Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The business had revenue of $353.74 million for the quarter, compared to analyst estimates of $348.99 million. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities research analysts expect that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft cut e.l.f. Beauty from a “buy” rating to a “hold” rating and upped their price target for the company from $121.00 to $128.00 in a research report on Tuesday, September 2nd. Morgan Stanley upped their price target on e.l.f. Beauty from $134.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Bank of America upped their price target on e.l.f. Beauty from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 17th. Piper Sandler assumed coverage on e.l.f. Beauty in a research report on Thursday, September 4th. They issued an “overweight” rating and a $150.00 price target on the stock. Finally, UBS Group upped their price target on e.l.f. Beauty from $112.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $142.07.

Read Our Latest Analysis on ELF

e.l.f. Beauty Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

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