Fifth Third Bancorp Has $1.31 Million Position in e.l.f. Beauty $ELF

Fifth Third Bancorp boosted its position in e.l.f. Beauty (NYSE:ELF) by 3,447.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,571 shares of the company’s stock after purchasing an additional 20,963 shares during the quarter. Fifth Third Bancorp’s holdings in e.l.f. Beauty were worth $1,307,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its position in e.l.f. Beauty by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after buying an additional 117 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of e.l.f. Beauty by 97.0% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after acquiring an additional 128 shares during the period. Horizon Investments LLC boosted its position in shares of e.l.f. Beauty by 13.4% in the fourth quarter. Horizon Investments LLC now owns 1,089 shares of the company’s stock valued at $83,000 after acquiring an additional 129 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of e.l.f. Beauty by 0.8% in the third quarter. Public Employees Retirement System of Ohio now owns 17,246 shares of the company’s stock valued at $2,285,000 after acquiring an additional 144 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in e.l.f. Beauty by 0.3% during the second quarter. California State Teachers Retirement System now owns 52,055 shares of the company’s stock worth $6,478,000 after acquiring an additional 152 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ELF has been the subject of a number of recent research reports. Jefferies Financial Group cut their price objective on shares of e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Citigroup raised their target price on shares of e.l.f. Beauty from $87.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. UBS Group lifted their price target on shares of e.l.f. Beauty from $60.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Canaccord Genuity Group boosted their price target on e.l.f. Beauty from $90.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Finally, Weiss Ratings raised e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.38.

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

In related news, CEO Tarang Amin sold 50,164 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total value of $3,924,831.36. Following the sale, the chief executive officer directly owned 110,496 shares of the company’s stock, valued at $8,645,207.04. This trade represents a 31.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mandy J. Fields sold 4,327 shares of e.l.f. Beauty stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total value of $222,970.31. Following the completion of the transaction, the insider owned 106,961 shares in the company, valued at approximately $5,511,700.33. This represents a 3.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 278,988 shares of company stock worth $18,354,580 over the last quarter. 3.50% of the stock is currently owned by company insiders.

e.l.f. Beauty Stock Up 1.6%

Shares of ELF opened at $77.37 on Friday. The firm has a 50 day simple moving average of $64.94 and a two-hundred day simple moving average of $71.66. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.35 and a quick ratio of 1.69. e.l.f. Beauty has a one year low of $48.82 and a one year high of $150.99. The company has a market cap of $4.56 billion, a P/E ratio of 168.20, a P/E/G ratio of 2.97 and a beta of 1.59.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The firm had revenue of $449.29 million for the quarter, compared to the consensus estimate of $423.06 million. During the same quarter last year, the business posted $0.78 EPS. The company’s revenue was up 35.1% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Research analysts forecast that e.l.f. Beauty will post 2.41 EPS for the current fiscal year.

About e.l.f. Beauty

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.