2,069 Shares in e.l.f. Beauty $ELF Purchased by Moody National Bank Trust Division

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 acquired a new position in shares of e.l.f. Beauty (NYSE:ELF - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,069 shares of the company's stock, valued at approximately $257,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC boosted its position 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 acquiring an additional 438,575 shares in the last quarter. Swedbank AB raised its position in shares of e.l.f. Beauty by 42.6% in 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 period. Congress Asset Management Co. raised its position in e.l.f. Beauty by 53.7% in the first quarter. Congress Asset Management Co. now owns 938,970 shares of the company's stock valued at $58,958,000 after purchasing an additional 327,980 shares during the period. Mackenzie Financial Corp increased its position in shares of e.l.f. Beauty by 68.0% during the first quarter. Mackenzie Financial Corp now owns 862,671 shares of the company's stock worth $54,167,000 after acquiring an additional 349,024 shares during the last quarter. Finally, Zevenbergen Capital Investments LLC boosted its stake in e.l.f. Beauty by 9.9% in the first quarter. Zevenbergen Capital Investments LLC now owns 682,009 shares of the company's stock valued at $42,823,000 after acquiring an additional 61,282 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on ELF shares. Piper Sandler assumed coverage on shares of e.l.f. Beauty in a research report on Thursday, September 4th. They set an "overweight" rating and a $150.00 price objective on the stock. The Goldman Sachs Group increased their price target on shares of e.l.f. Beauty from $120.00 to $137.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. UBS Group dropped their price objective on shares of e.l.f. Beauty from $120.00 to $112.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. 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 research note on Thursday, May 29th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating and set a $155.00 price target (up from $140.00) on shares of e.l.f. Beauty in a report on Monday, September 8th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, e.l.f. Beauty has an average rating of "Moderate Buy" and an average target price of $133.40.

Insider Activity

In other e.l.f. Beauty news, insider Kory Marchisotto sold 13,515 shares of the company's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $140.10, for a total transaction of $1,893,451.50. Following the completion of the sale, the insider directly owned 144,788 shares in the company, valued at $20,284,798.80. This represents a 8.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mandy J. Fields sold 55,692 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $136.28, for a total value of $7,589,705.76. Following the sale, the insider owned 64,154 shares of the company's stock, valued at approximately $8,742,907.12. This trade represents a 46.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 184,745 shares of company stock valued at $25,613,238 in the last three months. Company insiders own 3.90% of the company's stock.

e.l.f. Beauty Stock Performance

NYSE ELF traded up $0.12 during trading hours on Tuesday, reaching $137.44. The stock had a trading volume of 517,750 shares, compared to its average volume of 2,581,565. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.34 and a current ratio of 3.26. The stock has a market cap of $8.15 billion, a P/E ratio of 80.99, a price-to-earnings-growth ratio of 3.25 and a beta of 1.59. The stock has a fifty day moving average of $123.15 and a 200 day moving average of $98.41. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $150.99.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The company had revenue of $353.74 million during the quarter, compared to analysts' expectations 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 quarterly 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. Sell-side analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current 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.