Intrust Bank NA Lowers Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Intrust Bank NA lessened its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 9.4% during the fourth quarter, Holdings Channel reports. The firm owned 10,267 shares of the company’s stock after selling 1,069 shares during the period. Intrust Bank NA’s holdings in e.l.f. Beauty were worth $1,482,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Armstrong Advisory Group Inc. grew its position in e.l.f. Beauty by 390.2% in the 4th quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock worth $29,000 after purchasing an additional 160 shares in the last quarter. GPS Wealth Strategies Group LLC increased its position in shares of e.l.f. Beauty by 66.4% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock valued at $35,000 after acquiring an additional 97 shares during the last quarter. GAMMA Investing LLC bought a new stake in e.l.f. Beauty during the fourth quarter worth $42,000. BluePath Capital Management LLC purchased a new position in e.l.f. Beauty in the third quarter worth $34,000. Finally, Avior Wealth Management LLC grew its stake in e.l.f. Beauty by 3,600.0% in the 4th quarter. Avior Wealth Management LLC now owns 370 shares of the company’s stock valued at $53,000 after purchasing an additional 360 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

ELF traded down $1.78 during trading on Tuesday, reaching $170.08. 196,273 shares of the company were exchanged, compared to its average volume of 1,573,713. e.l.f. Beauty, Inc. has a 12-month low of $83.80 and a 12-month high of $221.83. The company’s 50-day moving average is $186.53 and its two-hundred day moving average is $152.69. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 76.04, a P/E/G ratio of 1.69 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. The firm had revenue of $270.94 million for the quarter, compared to the consensus estimate of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. Research analysts forecast that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Joshua Allen Franks sold 12,506 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $172.50, for a total value of $2,157,285.00. Following the transaction, the senior vice president now owns 86,237 shares of the company’s stock, valued at $14,875,882.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the completion of the sale, the chief executive officer now owns 10,889 shares of the company’s stock, valued at $2,165,713.21. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Joshua Allen Franks sold 12,506 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $172.50, for a total value of $2,157,285.00. Following the transaction, the senior vice president now owns 86,237 shares in the company, valued at $14,875,882.50. The disclosure for this sale can be found here. Insiders have sold 178,081 shares of company stock worth $30,457,064 in the last three months. 5.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ELF. TD Cowen upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and reduced their price target for the company from $220.00 to $190.00 in a research report on Wednesday, April 17th. JPMorgan Chase & Co. raised their price target on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, January 18th. Bank of America lifted their price target on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Truist Financial increased their price objective on e.l.f. Beauty from $150.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, Morgan Stanley boosted their target price on e.l.f. Beauty from $168.00 to $184.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $184.33.

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.