Fifth Third Wealth Advisors LLC Buys Shares of 1,730 e.l.f. Beauty $ELF

Fifth Third Wealth Advisors LLC bought a new stake in e.l.f. Beauty (NYSE:ELF) during the 2nd quarter, Holdings Channel reports. The fund bought 1,730 shares of the company’s stock, valued at approximately $215,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Aberdeen Group plc lifted its stake in e.l.f. Beauty by 152.3% in the second quarter. Aberdeen Group plc now owns 379,658 shares of the company’s stock valued at $47,245,000 after buying an additional 229,196 shares during the period. Blair William & Co. IL lifted its stake in e.l.f. Beauty by 206.3% in the second quarter. Blair William & Co. IL now owns 74,699 shares of the company’s stock valued at $9,296,000 after buying an additional 50,311 shares during the period. US Bancorp DE lifted its stake in e.l.f. Beauty by 58.1% in the second quarter. US Bancorp DE now owns 4,893 shares of the company’s stock valued at $609,000 after buying an additional 1,798 shares during the period. Maryland State Retirement & Pension System acquired a new position in e.l.f. Beauty in the second quarter valued at about $313,000. Finally, Louisiana State Employees Retirement System lifted its stake in e.l.f. Beauty by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company’s stock valued at $1,979,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Stock Up 0.0%

ELF stock opened at $132.70 on Wednesday. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average price of $129.17 and a two-hundred day moving average price of $105.87. The company has a market cap of $7.87 billion, a price-to-earnings ratio of 78.06, a P/E/G ratio of 3.08 and a beta of 1.57. e.l.f. Beauty has a twelve month low of $49.40 and a twelve month high of $150.99.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The firm had revenue of $353.74 million during the quarter, compared to the consensus estimate of $348.99 million. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The business’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. Analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, insider Scott Milsten sold 55,581 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $134.56, for a total value of $7,478,979.36. Following the completion of the transaction, the insider directly owned 112,406 shares in the company, valued at $15,125,351.36. This trade represents a 33.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mandy J. Fields sold 55,692 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 64,154 shares of the company’s stock, valued at approximately $8,742,907.12. The trade was a 46.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 301,060 shares of company stock valued at $40,994,733. 3.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ELF has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of e.l.f. Beauty in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on e.l.f. Beauty from $130.00 to $168.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Morgan Stanley increased their price target on e.l.f. Beauty from $134.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. The Goldman Sachs Group increased their price target on e.l.f. Beauty from $137.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Finally, B. Riley increased their price target on e.l.f. Beauty from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $142.07.

e.l.f. Beauty Company Profile

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.