Coastline Trust Co Has $39,000 Holdings in e.l.f. Beauty (NYSE:ELF)

Coastline Trust Co lessened its holdings in shares of e.l.f. Beauty (NYSE:ELFFree Report) by 21.4% during the 1st quarter, HoldingsChannel reports. The fund owned 621 shares of the company’s stock after selling 169 shares during the period. Coastline Trust Co’s holdings in e.l.f. Beauty were worth $39,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Nemes Rush Group LLC acquired a new stake in shares of e.l.f. Beauty during the fourth quarter worth approximately $27,000. Orion Capital Management LLC acquired a new position in e.l.f. Beauty in the 4th quarter valued at approximately $30,000. Promus Capital LLC purchased a new stake in e.l.f. Beauty in the 4th quarter worth approximately $31,000. Golden State Wealth Management LLC purchased a new stake in e.l.f. Beauty in the 1st quarter worth approximately $33,000. Finally, Horizon Investments LLC boosted its stake in shares of e.l.f. Beauty by 29.0% during the 4th quarter. Horizon Investments LLC now owns 742 shares of the company’s stock valued at $93,000 after buying an additional 167 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insiders Place Their Bets

In other e.l.f. Beauty news, insider Kory Marchisotto sold 51,350 shares of e.l.f. Beauty stock in a transaction that occurred 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 directly owned 152,492 shares of the company’s stock, valued at $8,136,973.12. The trade was a 25.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Joshua Allen Franks sold 51,353 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president owned 114,660 shares of the company’s stock, valued at approximately $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 sold a total of 327,207 shares of company stock valued at $25,252,926 in the last ninety days. Company insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ELF. Bank of America upped their price target on shares of e.l.f. Beauty from $113.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, June 20th. Piper Sandler reaffirmed an “overweight” rating and issued a $109.00 target price (up from $81.00) 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 e.l.f. Beauty and gave the company a “buy” rating in a report on Thursday, May 29th. Canaccord Genuity Group set a $114.00 price target on e.l.f. Beauty in a research note on Thursday, May 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of e.l.f. Beauty from $70.00 to $123.00 and gave the company an “overweight” rating in a research report on Friday, May 30th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average target price of $118.88.

Read Our Latest Report on ELF

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock opened at $129.51 on Thursday. The company has a current ratio of 3.05, a quick ratio of 2.00 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $97.45 and a 200-day simple moving average of $90.76. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 67.10, a PEG ratio of 3.00 and a beta of 1.52. e.l.f. Beauty has a 1-year low of $49.40 and a 1-year high of $219.77.

e.l.f. Beauty (NYSE:ELFGet Free Report) last released its 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 net margin of 8.53% and a return on equity of 17.98%. The firm had revenue of $332.65 million during the quarter, compared to analyst estimates of $327.45 million. During the same quarter in the previous year, the business earned $0.53 EPS. The business’s revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current year.

About e.l.f. Beauty

(Free Report)

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.

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Want to see what other hedge funds are holding ELF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for e.l.f. Beauty (NYSE:ELFFree Report).

Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

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