First Citizens Bank & Trust Co. Invests $204,000 in e.l.f. Beauty, Inc. (NYSE:ELF)

First Citizens Bank & Trust Co. acquired a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,626 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Baillie Gifford & Co. boosted its stake in shares of e.l.f. Beauty by 39.5% during the 3rd quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock worth $578,480,000 after purchasing an additional 1,501,151 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in shares of e.l.f. Beauty in the 3rd quarter valued at $121,558,000. Swedbank AB purchased a new stake in shares of e.l.f. Beauty during the 3rd quarter valued at $76,321,000. Clearbridge Investments LLC increased its holdings in shares of e.l.f. Beauty by 84.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after buying an additional 576,383 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of e.l.f. Beauty by 223.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock worth $60,543,000 after buying an additional 383,478 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Stock Up 1.7 %

NYSE:ELF opened at $106.19 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 57.40, a price-to-earnings-growth ratio of 2.03 and a beta of 1.50. e.l.f. Beauty, Inc. has a one year low of $98.50 and a one year high of $221.83. The stock has a 50-day simple moving average of $128.08 and a 200 day simple moving average of $132.79.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. During the same period in the previous year, the business earned $0.66 EPS. The business’s quarterly revenue was up 39.7% on a year-over-year basis. Sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. DA Davidson reissued a “buy” rating and set a $170.00 price target on shares of e.l.f. Beauty in a research report on Tuesday, January 21st. Robert W. Baird dropped their target price on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. B. Riley reduced their price target on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. increased their price objective on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Truist Financial lifted their target price on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.06.

Insider Transactions at e.l.f. Beauty

In other news, insider Scott Milsten sold 530 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the transaction, the insider now owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the sale, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is currently owned by insiders.

e.l.f. Beauty Company 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.