Fulton Bank N.A. Sells 2,934 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Fulton Bank N.A. reduced its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 36.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,153 shares of the company's stock after selling 2,934 shares during the quarter. Fulton Bank N.A.'s holdings in e.l.f. Beauty were worth $324,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Baillie Gifford & Co. lifted its holdings in e.l.f. Beauty by 51.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock worth $1,005,584,000 after purchasing an additional 2,703,742 shares in the last quarter. Vanguard Group Inc. grew its position in shares of e.l.f. Beauty by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company's stock worth $690,174,000 after buying an additional 68,103 shares during the last quarter. William Blair Investment Management LLC grew its stake in e.l.f. Beauty by 40.9% in the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock worth $289,437,000 after purchasing an additional 669,321 shares during the period. Champlain Investment Partners LLC grew its stake in e.l.f. Beauty by 99.7% in the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock worth $279,531,000 after purchasing an additional 1,111,550 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in e.l.f. Beauty by 17.5% in the fourth quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company's stock worth $222,541,000 after acquiring an additional 264,296 shares in the last quarter. Institutional investors own 92.44% of the company's stock.

Insiders Place Their Bets

In related news, insider Kory Marchisotto sold 51,350 shares of e.l.f. Beauty stock in a transaction on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $2,740,036.00. Following the transaction, the insider now directly owns 152,492 shares in the company, valued at $8,136,973.12. The trade was a 25.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tarang Amin sold 97,915 shares of e.l.f. Beauty stock in a transaction on Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $5,224,744.40. Following the transaction, the chief executive officer now owns 181,289 shares in the company, valued at $9,673,581.04. This represents a 35.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 327,207 shares of company stock valued at $25,252,926 over the last three months. Company insiders own 3.50% of the company's stock.

e.l.f. Beauty Trading Down 0.8%

NYSE:ELF traded down $0.99 during mid-day trading on Monday, reaching $116.67. The company's stock had a trading volume of 1,666,545 shares, compared to its average volume of 2,523,335. The company's fifty day simple moving average is $72.37 and its two-hundred day simple moving average is $91.24. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. e.l.f. Beauty, Inc. has a twelve month low of $49.40 and a twelve month high of $219.77. The stock has a market cap of $6.57 billion, a P/E ratio of 69.04, a P/E/G ratio of 6.76 and a beta of 1.52.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. The firm had revenue of $332.65 million during the quarter, compared to analysts' expectations of $327.45 million. During the same quarter in the prior year, the business earned $0.53 EPS. e.l.f. Beauty's quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ELF shares. JPMorgan Chase & Co. upped their price target on e.l.f. Beauty from $70.00 to $123.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Truist Financial upped their price target on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Friday. Bank of America raised their price target on shares of e.l.f. Beauty from $80.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Morgan Stanley lifted their price objective on e.l.f. Beauty from $70.00 to $105.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Finally, The Goldman Sachs Group lowered their price target on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Five investment 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $120.71.

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.