Cetera Trust Company N.A Purchases 130 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Cetera Trust Company N.A boosted its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 14.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,030 shares of the company’s stock after purchasing an additional 130 shares during the quarter. Cetera Trust Company N.A’s holdings in e.l.f. Beauty were worth $112,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. American International Group Inc. grew its holdings in shares of e.l.f. Beauty by 0.3% during the fourth quarter. American International Group Inc. now owns 29,435 shares of the company’s stock valued at $4,249,000 after buying an additional 90 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of e.l.f. Beauty by 33.2% during the first quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock valued at $69,000 after buying an additional 88 shares during the last quarter. RFG Advisory LLC acquired a new position in shares of e.l.f. Beauty during the first quarter valued at about $220,000. Harbor Investment Advisory LLC acquired a new position in shares of e.l.f. Beauty during the first quarter valued at about $31,000. Finally, Sunbelt Securities Inc. grew its holdings in shares of e.l.f. Beauty by 997.6% during the first quarter. Sunbelt Securities Inc. now owns 900 shares of the company’s stock valued at $176,000 after buying an additional 818 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Tarang Amin sold 548 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the sale, the chief executive officer now owns 214,507 shares of the company’s stock, valued at approximately $37,538,725. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.20% of the stock is owned by corporate insiders.

e.l.f. Beauty Price Performance

ELF stock traded down $5.10 during midday trading on Tuesday, reaching $107.41. The company had a trading volume of 836,803 shares, compared to its average volume of 1,813,725. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. e.l.f. Beauty, Inc. has a 1 year low of $88.47 and a 1 year high of $221.83. The company has a market capitalization of $6.01 billion, a P/E ratio of 49.22, a P/E/G ratio of 2.19 and a beta of 1.43. The firm has a 50-day moving average price of $126.06 and a 200-day moving average price of $161.28.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. The business had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. On average, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. B. Riley assumed coverage on shares of e.l.f. Beauty in a report on Tuesday, September 10th. They set a “buy” rating and a $175.00 price target on the stock. Bank of America cut their price target on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Stifel Nicolaus lifted their price objective on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. Truist Financial lowered their price objective on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, Raymond James reissued a “strong-buy” rating and issued a $235.00 price target on shares of e.l.f. Beauty in a research report on Monday, July 22nd. One research 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.57.

About e.l.f. Beauty

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.