Fulton Bank N.A. Has $1.70 Million Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Fulton Bank N.A. increased its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 111.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,083 shares of the company’s stock after acquiring an additional 4,254 shares during the period. Fulton Bank N.A.’s holdings in e.l.f. Beauty were worth $1,703,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in e.l.f. Beauty by 27.8% during the second quarter. GAMMA Investing LLC now owns 451 shares of the company’s stock valued at $95,000 after purchasing an additional 98 shares in the last quarter. Cetera Advisors LLC acquired a new position in e.l.f. Beauty during the first quarter worth $640,000. Cetera Investment Advisers boosted its stake in shares of e.l.f. Beauty by 492.9% in the 1st quarter. Cetera Investment Advisers now owns 29,380 shares of the company’s stock valued at $5,759,000 after purchasing an additional 24,425 shares in the last quarter. Hancock Whitney Corp bought a new stake in shares of e.l.f. Beauty in the 1st quarter worth about $1,097,000. Finally, Motley Fool Asset Management LLC bought a new position in e.l.f. Beauty during the 1st quarter valued at about $213,000. Institutional investors own 92.44% of the company’s stock.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 42,953 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total transaction of $7,944,586.88. Following the completion of the transaction, the chief executive officer now owns 258,667 shares in the company, valued at approximately $47,843,048.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Tarang Amin sold 42,953 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total value of $7,944,586.88. Following the completion of the transaction, the chief executive officer now owns 258,667 shares in the company, valued at approximately $47,843,048.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer Catherine Hartnett sold 9,808 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total value of $1,814,087.68. Following the transaction, the insider now directly owns 61,647 shares in the company, valued at approximately $11,402,229.12. The disclosure for this sale can be found here. In the last three months, insiders sold 96,842 shares of company stock worth $18,168,973. 5.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ELF shares. JPMorgan Chase & Co. lifted their target price on shares of e.l.f. Beauty from $182.00 to $224.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Robert W. Baird raised e.l.f. Beauty from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $210.00 to $230.00 in a report on Thursday, July 18th. Baird R W raised shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 18th. Truist Financial boosted their target price on shares of e.l.f. Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, Stifel Nicolaus increased their price target on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $210.00.

e.l.f. Beauty Trading Up 4.6 %

ELF traded up $8.09 during midday trading on Tuesday, reaching $183.74. 1,569,702 shares of the company were exchanged, compared to its average volume of 1,582,018. The stock has a market capitalization of $10.36 billion, a P/E ratio of 82.77, a PEG ratio of 3.66 and a beta of 1.46. The stock’s 50-day simple moving average is $191.38 and its 200 day simple moving average is $181.98. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 1.60. e.l.f. Beauty, Inc. has a one year low of $88.47 and a one year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, May 22nd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.16. e.l.f. Beauty had a net margin of 12.47% and a return on equity of 26.64%. The company had revenue of $321.14 million for the quarter, compared to analyst estimates of $292.47 million. As a group, analysts forecast that e.l.f. Beauty, Inc. will post 2.84 earnings per share for the current fiscal year.

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.