Fifth Third Bancorp Sells 2,487 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Fifth Third Bancorp trimmed its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 10.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,535 shares of the company’s stock after selling 2,487 shares during the period. Fifth Third Bancorp’s holdings in e.l.f. Beauty were worth $2,704,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new position in shares of e.l.f. Beauty in the third quarter valued at approximately $25,000. Planning Capital Management Corp raised its holdings in e.l.f. Beauty by 1,855.0% in the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after acquiring an additional 371 shares during the period. nVerses Capital LLC bought a new position in e.l.f. Beauty in the 3rd quarter worth $44,000. Peterson Financial Group Inc. acquired a new position in e.l.f. Beauty during the 3rd quarter worth $45,000. Finally, Blue Trust Inc. boosted its holdings in e.l.f. Beauty by 2,357.1% during the third quarter. Blue Trust Inc. now owns 516 shares of the company’s stock valued at $56,000 after acquiring an additional 495 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ELF. Robert W. Baird cut their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. DA Davidson reissued a “buy” rating and issued a $170.00 price objective on shares of e.l.f. Beauty in a research report on Tuesday, January 21st. The Goldman Sachs Group initiated coverage on shares of e.l.f. Beauty in a research report on Friday, December 13th. They set a “buy” rating and a $165.00 target price on the stock. Truist Financial increased their price target on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, B. Riley cut their price objective on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus price target of $169.06.

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

In related news, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the transaction, the director now owns 1,888 shares in the company, valued at $245,440. The trade was a 29.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Tarang Amin sold 890 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the transaction, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is currently owned by insiders.

e.l.f. Beauty Stock Down 5.7 %

Shares of NYSE:ELF opened at $104.26 on Tuesday. The company’s fifty day moving average is $128.46 and its 200-day moving average is $133.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. e.l.f. Beauty, Inc. has a 52 week low of $98.50 and a 52 week high of $221.83. The company has a market capitalization of $5.87 billion, a PE ratio of 56.35, a P/E/G ratio of 2.03 and a beta of 1.50.

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

e.l.f. Beauty 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.