Diversified Trust Co Purchases 3,657 Shares of e.l.f. Beauty (NYSE:ELF)

Diversified Trust Co grew its stake in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 23.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,402 shares of the company's stock after acquiring an additional 3,657 shares during the period. Diversified Trust Co's holdings in e.l.f. Beauty were worth $1,218,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nemes Rush Group LLC acquired a new stake in e.l.f. Beauty during the fourth quarter valued at approximately $27,000. Orion Capital Management LLC acquired a new stake in e.l.f. Beauty during the fourth quarter worth about $30,000. Promus Capital LLC bought a new position in e.l.f. Beauty in the fourth quarter worth about $31,000. Golden State Wealth Management LLC acquired a new position in e.l.f. Beauty in the first quarter valued at approximately $33,000. Finally, Horizon Investments LLC raised its position 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 worth $93,000 after purchasing an additional 167 shares during the period. Institutional investors own 92.44% of the company's stock.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 97,915 shares of e.l.f. Beauty stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $5,224,744.40. Following the completion of the sale, the chief executive officer now directly owns 181,289 shares in the company, valued at $9,673,581.04. This trade represents a 35.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott Milsten sold 1,442 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $114.78, for a total transaction of $165,512.76. Following the transaction, the insider now owns 117,394 shares of the company's stock, 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. Insiders sold 327,207 shares of company stock valued at $25,252,926 over the last ninety days. 3.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ELF has been the topic of a number of recent research reports. Morgan Stanley raised their target price on e.l.f. Beauty from $70.00 to $105.00 and gave the company an "equal weight" rating in a research note on Thursday, May 29th. Jefferies Financial Group set a $115.00 target price on shares of e.l.f. Beauty and gave the stock a "buy" rating in a report on Thursday, May 29th. Bank of America lifted 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 report on Friday, June 20th. JPMorgan Chase & Co. upped their price target on e.l.f. Beauty from $70.00 to $123.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Finally, Raymond James Financial raised their price objective on e.l.f. Beauty from $95.00 to $105.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, e.l.f. Beauty has an average rating of "Moderate Buy" and an average target price of $118.88.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded down $0.74 during trading hours on Monday, hitting $125.59. The stock had a trading volume of 113,500 shares, compared to its average volume of 2,532,565. e.l.f. Beauty 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 $7.07 billion, a PE ratio of 65.13, a price-to-earnings-growth ratio of 2.99 and a beta of 1.51. The company has a 50-day moving average of $93.15 and a two-hundred day moving average of $90.35. The company has a quick ratio of 2.00, a current ratio of 3.05 and a debt-to-equity ratio of 0.34.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. e.l.f. Beauty had a return on equity of 17.98% and a net margin of 8.53%. The company had revenue of $332.65 million for the quarter, compared to the consensus estimate of $327.45 million. During the same period in the previous year, the business earned $0.53 earnings per share. The company's quarterly revenue was up 3.6% on a year-over-year basis. On average, equities research analysts anticipate that e.l.f. Beauty will post 2.38 EPS 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.