Diversified Trust Co Sells 1,897 Shares of e.l.f. Beauty $ELF

Key Points

• Diversified Trust Co has reduced its holdings in e.l.f. Beauty by 9.8%, now owning 17,505 shares worth approximately $2.18 million.
• Analysts are optimistic about e.l.f. Beauty, with several research firms raising their price targets, including Truist Financial's increase from $125 to $130 and Raymond James' upgrade to $155.
• Insider trading activity revealed significant sales, with Director Lauren Cooks Levitan selling 4,630 shares and Mandy J. Fields selling 55,692 shares, demonstrating a decrease in their positions.

Diversified Trust Co lessened its holdings in e.l.f. Beauty (NYSE:ELF - Free Report) by 9.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,505 shares of the company's stock after selling 1,897 shares during the period. Diversified Trust Co's holdings in e.l.f. Beauty were worth $2,178,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new position in e.l.f. Beauty during the 1st quarter worth approximately $33,000. Larson Financial Group LLC increased its stake in e.l.f. Beauty by 56.5% in the first quarter. Larson Financial Group LLC now owns 676 shares of the company's stock valued at $42,000 after purchasing an additional 244 shares during the last quarter. Smartleaf Asset Management LLC grew its position in e.l.f. Beauty by 577.7% during the first quarter. Smartleaf Asset Management LLC now owns 759 shares of the company's stock valued at $49,000 after acquiring an additional 647 shares during the period. Signaturefd LLC boosted its position in shares of e.l.f. Beauty by 27.9% in the first quarter. Signaturefd LLC now owns 858 shares of the company's stock worth $54,000 after buying an additional 187 shares during the period. Finally, Brooklyn Investment Group boosted its position in shares of e.l.f. Beauty by 6,242.9% in the first quarter. Brooklyn Investment Group now owns 888 shares of the company's stock worth $56,000 after buying an additional 874 shares during the period. Hedge funds and other institutional investors own 92.44% of the company's stock.

Wall Street Analyst Weigh In

ELF has been the topic of several research reports. Morgan Stanley upgraded e.l.f. Beauty from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $114.00 to $134.00 in a research note on Monday, August 11th. Truist Financial raised their target price on e.l.f. Beauty from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Raymond James Financial restated a "strong-buy" rating and issued a $155.00 target price (up previously from $140.00) on shares of e.l.f. Beauty in a report on Monday, September 8th. Jefferies Financial Group set a $115.00 price target on e.l.f. Beauty and gave the company a "buy" rating in a research report on Thursday, May 29th. Finally, Canaccord Genuity Group set a $165.00 price target on e.l.f. Beauty in a research report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $133.40.

e.l.f. Beauty Stock Down 0.5%

e.l.f. Beauty stock traded down $0.63 during trading hours on Tuesday, hitting $136.70. The stock had a trading volume of 553,711 shares, compared to its average volume of 2,581,688. The stock's 50-day moving average price is $123.15 and its 200-day moving average price is $98.41. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $8.11 billion, a P/E ratio of 80.57, a price-to-earnings-growth ratio of 3.25 and a beta of 1.59. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $150.99.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The firm had revenue of $353.74 million for the quarter, compared to analysts' expectations of $348.99 million. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 earnings per share. Equities research analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Lauren Cooks Levitan sold 4,630 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $118.94, for a total transaction of $550,692.20. Following the completion of the transaction, the director directly owned 11,507 shares of the company's stock, valued at approximately $1,368,642.58. The trade was a 28.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Scott Milsten sold 55,581 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $134.56, for a total value of $7,478,979.36. Following the completion of the sale, the insider directly owned 112,406 shares of the company's stock, valued at $15,125,351.36. The trade was a 33.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 184,745 shares of company stock worth $25,613,238 over the last 90 days. 3.90% of the stock is owned by insiders.

About e.l.f. Beauty

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.