Moody National Bank Trust Division Buys Shares of 2,069 e.l.f. Beauty $ELF

Key Points

• Moody National Bank Trust Division acquired 2,069 shares of e.l.f. Beauty, valued at approximately $257,000, as per its recent SEC filing.
• Multiple institutional investors, including Champlain Investment Partners and Prime Capital Management, have significantly increased their stakes in e.l.f. Beauty, bringing institutional ownership to 92.44%.
• e.l.f. Beauty's stock performance shows a current price of $140.05 and a significant forecast with an average price target of $133.40, reflecting overall analyst optimism about the company's future.

Moody National Bank Trust Division bought a new stake in e.l.f. Beauty (NYSE:ELF - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,069 shares of the company's stock, valued at approximately $257,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ELF. Champlain Investment Partners LLC raised its stake in shares of e.l.f. Beauty by 19.7% during the 1st quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company's stock worth $167,337,000 after buying an additional 438,575 shares during the last quarter. Prime Capital Management Co Ltd raised its stake in shares of e.l.f. Beauty by 167.8% during the 1st quarter. Prime Capital Management Co Ltd now owns 604,535 shares of the company's stock worth $37,959,000 after buying an additional 378,826 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of e.l.f. Beauty by 68.0% during the 1st quarter. Mackenzie Financial Corp now owns 862,671 shares of the company's stock worth $54,167,000 after buying an additional 349,024 shares during the last quarter. Swedbank AB raised its stake in shares of e.l.f. Beauty by 42.6% during the 1st quarter. Swedbank AB now owns 1,157,760 shares of the company's stock worth $72,696,000 after buying an additional 345,760 shares during the last quarter. Finally, Generate Investment Management Ltd acquired a new position in shares of e.l.f. Beauty during the 1st quarter worth $21,650,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Insider Activity

In other news, Director Lauren Cooks Levitan sold 4,630 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $118.94, for a total value of $550,692.20. Following the completion of the transaction, the director owned 11,507 shares of the company's stock, valued at approximately $1,368,642.58. This represents a 28.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Kory Marchisotto sold 13,515 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $140.10, for a total value of $1,893,451.50. Following the completion of the transaction, the insider directly owned 144,788 shares of the company's stock, valued at approximately $20,284,798.80. The trade was a 8.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold 184,745 shares of company stock worth $25,613,238 over the last 90 days. Insiders own 3.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. 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 research note on Friday, June 6th. Canaccord Genuity Group set a $165.00 target price on shares of e.l.f. Beauty in a research note on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft downgraded shares of e.l.f. Beauty from a "buy" rating to a "hold" rating and boosted their target price for the company from $121.00 to $128.00 in a research note on Tuesday, September 2nd. UBS Group cut their target price on shares of e.l.f. Beauty from $120.00 to $112.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Finally, Piper Sandler assumed coverage on shares of e.l.f. Beauty in a research note on Thursday, September 4th. They issued an "overweight" rating and a $150.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, e.l.f. Beauty currently has an average rating of "Moderate Buy" and an average price target of $133.40.

e.l.f. Beauty Stock Performance

ELF stock opened at $140.05 on Friday. The firm has a market cap of $8.31 billion, a P/E ratio of 82.38, a P/E/G ratio of 3.25 and a beta of 1.59. The stock's 50 day simple moving average is $122.52 and its 200 day simple moving average is $97.71. The company has a current ratio of 3.26, a quick ratio of 2.34 and a debt-to-equity ratio of 0.32. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $150.99.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $353.74 million during the quarter, compared to the consensus estimate of $348.99 million. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The firm's revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 EPS. As a group, equities research analysts predict that e.l.f. Beauty will post 2.38 EPS for the current year.

e.l.f. Beauty Company 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.

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