Vontobel Holding Ltd. Buys 9,466 Shares of e.l.f. Beauty (NYSE:ELF)

Vontobel Holding Ltd. raised its stake in e.l.f. Beauty (NYSE:ELF - Free Report) by 165.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,181 shares of the company's stock after acquiring an additional 9,466 shares during the period. Vontobel Holding Ltd.'s holdings in e.l.f. Beauty were worth $953,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ELF. Nemes Rush Group LLC acquired a new position in e.l.f. Beauty during the fourth quarter worth about $27,000. Orion Capital Management LLC bought a new stake in shares of e.l.f. Beauty during the fourth quarter worth $30,000. Golden State Wealth Management LLC acquired a new position in shares of e.l.f. Beauty during the first quarter worth $33,000. Horizon Investments LLC lifted its stake in shares of e.l.f. Beauty by 29.0% in the 4th quarter. Horizon Investments LLC now owns 742 shares of the company's stock valued at $93,000 after acquiring an additional 167 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in e.l.f. Beauty during the 4th quarter worth $102,000. 92.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ELF has been the subject of several research reports. Jefferies Financial Group set a $115.00 target price on e.l.f. Beauty and gave the company a "buy" rating in a research report on Thursday, May 29th. Piper Sandler reiterated an "overweight" rating and set a $109.00 target price (up from $81.00) on shares of e.l.f. Beauty in a research report on Thursday, May 29th. B. Riley restated a "buy" rating and issued a $150.00 price target (up from $110.00) on shares of e.l.f. Beauty in a research report on Friday, June 13th. Morgan Stanley lifted their price target on shares of e.l.f. Beauty from $70.00 to $105.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Finally, Canaccord Genuity Group set a $114.00 target price on e.l.f. Beauty in a research report on Thursday, May 29th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $118.88.

e.l.f. Beauty Stock Down 6.6%

e.l.f. Beauty stock traded down $8.60 during trading on Monday, hitting $122.38. 2,011,312 shares of the company were exchanged, compared to its average volume of 2,543,742. The company has a market capitalization of $6.89 billion, a P/E ratio of 63.41, a PEG ratio of 3.10 and a beta of 1.52. The business's 50 day moving average is $100.24 and its 200 day moving average is $90.14. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $219.77. The company has a current ratio of 3.05, a quick ratio of 2.00 and a debt-to-equity ratio of 0.34.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, topping 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 business had revenue of $332.65 million for the quarter, compared to analyst estimates of $327.45 million. During the same period last year, the company posted $0.53 earnings per share. e.l.f. Beauty's quarterly revenue was up 3.6% compared to the same quarter last year. Analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Insider Buying and Selling at e.l.f. Beauty

In related news, insider Kory Marchisotto sold 1,496 shares of e.l.f. Beauty stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $117.61, for a total value of $175,944.56. Following the completion of the sale, the insider owned 158,303 shares of the company's stock, valued at approximately $18,618,015.83. This trade represents a 0.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Scott Milsten sold 1,442 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $114.78, for a total transaction of $165,512.76. Following the sale, the insider directly owned 117,394 shares in the company, valued at approximately $13,474,483.32. This trade represents a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 327,207 shares of company stock valued at $25,252,926 in the last three months. 3.50% of the stock is owned by corporate insiders.

e.l.f. Beauty 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.