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

Vontobel Holding Ltd. boosted its position in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 165.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,181 shares of the company's stock after purchasing 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 reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Nemes Rush Group LLC bought a new position in e.l.f. Beauty during the 4th quarter worth about $27,000. Orion Capital Management LLC bought a new position in shares of e.l.f. Beauty in the 4th quarter valued at about $30,000. Golden State Wealth Management LLC bought a new position in shares of e.l.f. Beauty in the 1st quarter valued at about $33,000. Horizon Investments LLC grew its holdings 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 in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of e.l.f. Beauty in the 4th quarter valued at about $102,000. Institutional investors own 92.44% of the company's stock.

Insider Buying and Selling

In other news, insider Mandy J. Fields sold 1,487 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $117.61, for a total value of $174,886.07. Following the completion of the sale, the insider directly owned 119,846 shares in the company, valued at approximately $14,095,088.06. The trade was a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tarang Amin sold 2,405 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $117.61, for a total transaction of $282,852.05. Following the transaction, the chief executive officer owned 186,586 shares of the company's stock, valued at approximately $21,944,379.46. This represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 327,207 shares of company stock valued at $25,252,926 in the last quarter. Corporate insiders own 3.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ELF. Bank of America raised their price objective on e.l.f. Beauty from $113.00 to $135.00 and gave the company a "buy" rating in a report on Friday, June 20th. Robert W. Baird lifted their price target on e.l.f. Beauty from $110.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Jefferies Financial Group set a $115.00 price target on e.l.f. Beauty and gave the stock a "buy" rating in a report on Thursday, May 29th. Truist Financial lifted their price target on e.l.f. Beauty from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Finally, Morgan Stanley lifted their price target on 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. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, e.l.f. Beauty presently has an average rating of "Moderate Buy" and a consensus price target of $118.88.

e.l.f. Beauty Price Performance

Shares of NYSE ELF traded up $1.27 during midday trading on Friday, reaching $130.75. The company's stock had a trading volume of 789,367 shares, compared to its average volume of 2,545,871. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.00 and a current ratio of 3.05. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $219.77. The business's 50 day moving average price is $100.24 and its two-hundred day moving average price is $90.42. The company has a market cap of $7.36 billion, a P/E ratio of 67.75, a P/E/G ratio of 3.10 and a beta of 1.52.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings results 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 net margin of 8.53% and a return on equity of 17.98%. The company had revenue of $332.65 million during 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 firm's quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

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.