Wesbanco Bank Inc. Acquires 8,176 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Wesbanco Bank Inc. lifted its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 92.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,060 shares of the company's stock after purchasing an additional 8,176 shares during the quarter. Wesbanco Bank Inc.'s holdings in e.l.f. Beauty were worth $1,071,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ELF. Nemes Rush Group LLC bought a new stake in e.l.f. Beauty during the 4th quarter worth approximately $27,000. Orion Capital Management LLC bought a new stake in shares of e.l.f. Beauty during the fourth quarter worth about $30,000. Promus Capital LLC bought a new stake in shares of e.l.f. Beauty during the fourth quarter worth about $31,000. Kestra Investment Management LLC bought a new position in shares of e.l.f. Beauty during the 4th quarter valued at $32,000. Finally, Wilmington Savings Fund Society FSB lifted its position in shares of e.l.f. Beauty by 84.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company's stock worth $54,000 after purchasing an additional 197 shares during the period. Institutional investors own 92.44% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ELF. DA Davidson decreased their target price on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Canaccord Genuity Group set a $114.00 target price on shares of e.l.f. Beauty in a research report on Thursday, May 29th. Jefferies Financial Group set a $115.00 price target on shares of e.l.f. Beauty and gave the stock a "buy" rating in a research report on Thursday, May 29th. Morgan Stanley upped their price target on shares of e.l.f. Beauty from $70.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Finally, The Goldman Sachs Group lowered their target price 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 research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, e.l.f. Beauty has a consensus rating of "Moderate Buy" and an average target price of $120.71.

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

In other news, CEO Tarang Amin sold 2,405 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $117.61, for a total transaction of $282,852.05. Following the completion of the sale, the chief executive officer now directly owns 186,586 shares in the company, valued at approximately $21,944,379.46. This represents a 1.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Scott Milsten sold 1,442 shares of e.l.f. Beauty stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $114.78, for a total value of $165,512.76. Following the completion of the transaction, the insider now owns 117,394 shares in the company, valued at approximately $13,474,483.32. This represents a 1.21% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 327,207 shares of company stock worth $25,252,926. Company insiders own 3.50% of the company's stock.

e.l.f. Beauty Stock Up 5.7%

ELF traded up $6.71 during trading hours on Wednesday, reaching $124.67. 2,909,988 shares of the stock traded hands, compared to its average volume of 2,533,218. The firm's fifty day simple moving average is $74.61 and its two-hundred day simple moving average is $91.36. 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 fifty-two week low of $49.40 and a fifty-two week high of $219.77. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 73.77, a PEG ratio of 6.76 and a beta of 1.52.

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

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.