Fulton Bank N.A. Has $1.02 Million Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Fulton Bank N.A. decreased its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,087 shares of the company’s stock after selling 135 shares during the quarter. Fulton Bank N.A.’s holdings in e.l.f. Beauty were worth $1,015,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ELF. Private Advisor Group LLC raised its holdings in e.l.f. Beauty by 133.7% during the second quarter. Private Advisor Group LLC now owns 4,976 shares of the company’s stock valued at $1,049,000 after buying an additional 2,847 shares in the last quarter. PFG Investments LLC raised its stake in shares of e.l.f. Beauty by 11.6% in the 2nd quarter. PFG Investments LLC now owns 2,926 shares of the company’s stock valued at $617,000 after acquiring an additional 305 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in e.l.f. Beauty in the 2nd quarter worth approximately $26,000. Wedbush Securities Inc. boosted its position in e.l.f. Beauty by 63.3% during the second quarter. Wedbush Securities Inc. now owns 1,803 shares of the company’s stock worth $380,000 after purchasing an additional 699 shares during the period. Finally, Choreo LLC acquired a new position in e.l.f. Beauty during the second quarter valued at approximately $560,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insiders Place Their Bets

In related news, insider Scott Milsten sold 530 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the sale, the insider now owns 68,853 shares of the company’s stock, valued at $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Maureen C. Watson sold 785 shares of the stock in a transaction 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 sale, the director now owns 1,888 shares of the company’s stock, valued at $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock valued at $297,442 in the last ninety days. 3.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ELF. B. Riley reduced 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 note on Thursday, November 7th. TD Cowen cut their target price on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Bank of America lowered their price target on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Piper Sandler boosted their price objective on e.l.f. Beauty from $165.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Jefferies Financial Group lowered their target price on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $171.94.

e.l.f. Beauty Trading Down 0.2 %

NYSE ELF opened at $127.49 on Thursday. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 68.91, a price-to-earnings-growth ratio of 3.03 and a beta of 1.50. e.l.f. Beauty, Inc. has a twelve month low of $98.50 and a twelve month high of $221.83. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The business’s fifty day moving average is $126.32 and its 200 day moving average is $140.77.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The firm had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. During the same period last year, the firm posted $0.66 earnings per share. The business’s revenue for the quarter was up 39.7% on a year-over-year basis. As a group, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.8 EPS 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.