WASHINGTON TRUST Co Purchases 10,392 Shares of e.l.f. Beauty (NYSE:ELF)

WASHINGTON TRUST Co boosted its position in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 10.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,383 shares of the company's stock after acquiring an additional 10,392 shares during the quarter. WASHINGTON TRUST Co owned 0.19% of e.l.f. Beauty worth $6,868,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Truist Financial Corp boosted its holdings in e.l.f. Beauty by 1.3% during the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company's stock worth $990,000 after purchasing an additional 102 shares during the last quarter. Atria Wealth Solutions Inc. raised its stake in e.l.f. Beauty by 7.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company's stock worth $262,000 after acquiring an additional 150 shares during the period. Proficio Capital Partners LLC bought a new stake in e.l.f. Beauty in the 4th quarter worth approximately $2,459,000. Mitchell Capital Management Co. purchased a new stake in e.l.f. Beauty during the fourth quarter valued at approximately $2,655,000. Finally, Norden Group LLC raised its holdings in shares of e.l.f. Beauty by 13.9% in the fourth quarter. Norden Group LLC now owns 8,054 shares of the company's stock valued at $1,011,000 after acquiring an additional 985 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ELF shares. DA Davidson dropped their target price on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Canaccord Genuity Group set a $114.00 price objective on shares of e.l.f. Beauty in a report on Thursday, May 29th. Jefferies Financial Group set a $115.00 price objective on shares of e.l.f. Beauty and gave the company a "buy" rating in a research report on Thursday, May 29th. Robert W. Baird boosted their target price on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the company an "outperform" rating in a report on Friday, June 6th. Finally, B. Riley reissued a "buy" rating and issued a $150.00 price objective (up from $110.00) on shares of e.l.f. Beauty in a report on Friday, June 13th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and an average price target of $118.88.

e.l.f. Beauty Trading Up 2.3%

e.l.f. Beauty stock traded up $2.86 during trading on Wednesday, reaching $129.53. The company had a trading volume of 726,784 shares, compared to its average volume of 2,827,847. The stock's 50 day moving average price is $96.00 and its two-hundred day moving average price is $90.49. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of 67.11, a PEG ratio of 2.95 and a beta of 1.52. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.00 and a current ratio of 3.05. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. The business had revenue of $332.65 million for the quarter, compared to the consensus estimate of $327.45 million. e.l.f. Beauty had a net margin of 8.53% and a return on equity of 17.98%. The business's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. As a group, equities analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 97,915 shares of the company's stock in a transaction 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 sale, the chief executive officer owned 181,289 shares of the company's stock, valued at approximately $9,673,581.04. This represents a 35.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Joshua Allen Franks sold 51,353 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 $2,740,196.08. Following the sale, the senior vice president owned 114,660 shares in the company, valued at $6,118,257.60. This trade represents a 30.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 327,207 shares of company stock valued at $25,252,926 over the last ninety days. Company insiders own 3.50% of the company's stock.

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.