Comerica Bank Has $13.93 Million Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Comerica Bank grew its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 20.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,934 shares of the company's stock after purchasing an additional 18,645 shares during the quarter. Comerica Bank owned about 0.20% of e.l.f. Beauty worth $13,928,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ELF. Wilmington Savings Fund Society FSB bought a new stake in e.l.f. Beauty during the third quarter worth $25,000. Nemes Rush Group LLC bought a new stake in shares of e.l.f. Beauty in the 4th quarter valued at about $27,000. Promus Capital LLC acquired a new stake in e.l.f. Beauty in the 4th quarter valued at about $31,000. Kestra Investment Management LLC bought a new position in e.l.f. Beauty during the fourth quarter worth about $32,000. Finally, Financial Life Planners acquired a new position in e.l.f. Beauty during the fourth quarter worth approximately $46,000. Institutional investors own 92.44% of the company's stock.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, insider Kory Marchisotto sold 51,350 shares of the business's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,036.00. Following the completion of the transaction, the insider now owns 152,492 shares of the company's stock, valued at approximately $8,136,973.12. The trade was a 25.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 97,915 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $5,224,744.40. Following the completion of the sale, the chief executive officer now owns 181,289 shares in the company, valued at approximately $9,673,581.04. The trade was a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 204,618 shares of company stock valued at $10,974,536. Corporate insiders own 3.50% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on ELF shares. Truist Financial reduced their target price on e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. UBS Group decreased their price objective on shares of e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. B. Riley restated a "buy" rating and set a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Morgan Stanley reiterated an "equal weight" rating and issued a $70.00 price target (down previously from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, Piper Sandler cut their price objective on shares of e.l.f. Beauty from $90.00 to $81.00 and set an "overweight" rating for the company in a research report on Wednesday. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, e.l.f. Beauty has a consensus rating of "Moderate Buy" and a consensus price target of $116.88.

e.l.f. Beauty Stock Up 0.6 %

ELF stock opened at $62.21 on Friday. e.l.f. Beauty, Inc. has a 52 week low of $49.40 and a 52 week high of $219.77. The business has a 50-day simple moving average of $61.49 and a 200 day simple moving average of $96.30. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.51 billion, a PE ratio of 36.81, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. Sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 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.

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