WASHINGTON TRUST Co Makes New Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

WASHINGTON TRUST Co purchased a new stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 98,991 shares of the company's stock, valued at approximately $12,428,000. WASHINGTON TRUST Co owned 0.18% of e.l.f. Beauty as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. NBC Securities Inc. lifted its stake in e.l.f. Beauty by 2,181.7% during the 3rd quarter. NBC Securities Inc. now owns 4,746 shares of the company's stock worth $517,000 after acquiring an additional 4,538 shares in the last quarter. nVerses Capital LLC purchased a new stake in e.l.f. Beauty during the third quarter worth about $44,000. Blue Trust Inc. lifted its position in shares of e.l.f. Beauty by 2,357.1% during the third quarter. Blue Trust Inc. now owns 516 shares of the company's stock worth $56,000 after purchasing an additional 495 shares in the last quarter. Raymond James & Associates lifted its position in shares of e.l.f. Beauty by 44.4% during the third quarter. Raymond James & Associates now owns 178,467 shares of the company's stock worth $19,458,000 after purchasing an additional 54,836 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of e.l.f. Beauty by 55.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company's stock valued at $79,633,000 after purchasing an additional 261,707 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on ELF. B. Riley reaffirmed a "buy" rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft initiated coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They set a "hold" rating and a $133.00 price objective on the stock. Morgan Stanley reiterated an "equal weight" rating and issued a $70.00 target price (down from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Raymond James cut their price target on e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating on the stock in a report on Friday, February 7th. Finally, The Goldman Sachs Group decreased their price objective on e.l.f. Beauty from $165.00 to $142.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Five research analysts have rated the stock with a hold rating, eleven 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 currently has a consensus rating of "Moderate Buy" and an average price target of $134.00.

e.l.f. Beauty Stock Up 1.4 %

NYSE:ELF traded up $0.99 during midday trading on Wednesday, hitting $73.26. 2,156,996 shares of the company were exchanged, compared to its average volume of 3,307,511. e.l.f. Beauty, Inc. has a fifty-two week low of $63.50 and a fifty-two week high of $221.83. The company has a market capitalization of $4.13 billion, a PE ratio of 43.35, a price-to-earnings-growth ratio of 6.94 and a beta of 1.47. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $114.01 and a 200 day simple moving average of $122.43.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. As a group, equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the transaction, the chief executive officer now directly owns 99,699 shares in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Maureen C. Watson sold 785 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the sale, the director now owns 1,888 shares of the company's stock, valued at $245,440. This trade represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock valued at $297,442 over the last quarter. Company insiders own 3.50% of the company's stock.

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.