WASHINGTON TRUST Co Decreases Stake in e.l.f. Beauty $ELF

WASHINGTON TRUST Co reduced its position in e.l.f. Beauty (NYSE:ELF) by 26.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 98,826 shares of the company’s stock after selling 36,014 shares during the period. WASHINGTON TRUST Co’s holdings in e.l.f. Beauty were worth $7,515,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in e.l.f. Beauty in the 4th quarter valued at about $38,895,000. BRC Group Holdings Inc. purchased a new position in e.l.f. Beauty in the 4th quarter valued at about $274,000. Eurizon Capital SGR S.p.A. purchased a new position in e.l.f. Beauty in the 4th quarter valued at about $495,000. Future Fund LLC boosted its position in e.l.f. Beauty by 46.6% in the 4th quarter. Future Fund LLC now owns 14,974 shares of the company’s stock valued at $1,139,000 after buying an additional 4,760 shares during the last quarter. Finally, Intech Investment Management LLC boosted its position in e.l.f. Beauty by 279.4% in the 4th quarter. Intech Investment Management LLC now owns 14,988 shares of the company’s stock valued at $1,140,000 after buying an additional 11,038 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Jennifer Catherine Hartnett sold 20,829 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $63.66, for a total value of $1,325,974.14. Following the completion of the transaction, the insider directly owned 68,726 shares in the company, valued at $4,375,097.16. This trade represents a 23.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mandy J. Fields sold 23,656 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $63.66, for a total transaction of $1,505,940.96. Following the completion of the transaction, the insider owned 77,437 shares of the company’s stock, valued at $4,929,639.42. This trade represents a 23.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 210,013 shares of company stock valued at $13,315,490 in the last ninety days. Insiders own 3.90% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock opened at $56.02 on Friday. The firm has a market cap of $3.33 billion, a PE ratio of 121.79, a price-to-earnings-growth ratio of 2.33 and a beta of 1.71. The firm’s 50-day simple moving average is $61.81 and its 200-day simple moving average is $74.19. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.69 and a current ratio of 2.35. e.l.f. Beauty has a 1 year low of $49.72 and a 1 year high of $150.99.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $449.29 million for the quarter, compared to analyst estimates of $423.06 million. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. e.l.f. Beauty’s quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Equities analysts forecast that e.l.f. Beauty will post 2.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ELF shares. Citigroup decreased their price objective on shares of e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. JPMorgan Chase & Co. decreased their price objective on shares of e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. TD Cowen decreased their price objective on shares of e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Weiss Ratings lowered shares of e.l.f. Beauty from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 22nd. Finally, Bank of America cut their target price on shares of e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.75.

e.l.f. Beauty Profile

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.