Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 189,634 e.l.f. Beauty (NYSE:ELF)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has taken an $11.91 million position in e.l.f. Beauty by acquiring 189,634 shares, representing 0.34% ownership of the company.
• e.l.f. Beauty recently reported earnings per share of $0.78, exceeding analysts' expectations, and experienced a 3.6% revenue growth year-over-year with total revenue of $332.65 million for the quarter.
• Wall Street analysts have a consensus rating of "Moderate Buy" for e.l.f. Beauty, with price targets raised by multiple firms, indicating confidence in the company's growth prospects.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in e.l.f. Beauty (NYSE:ELF - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 189,634 shares of the company's stock, valued at approximately $11,907,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.34% of e.l.f. Beauty at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ELF. Nemes Rush Group LLC bought a new position in e.l.f. Beauty in the 4th quarter worth about $27,000. Orion Capital Management LLC bought a new position in e.l.f. Beauty in the 4th quarter worth about $30,000. Golden State Wealth Management LLC bought a new position in e.l.f. Beauty in the 1st quarter worth about $33,000. Larson Financial Group LLC boosted its stake in e.l.f. Beauty by 56.5% in the 1st quarter. Larson Financial Group LLC now owns 676 shares of the company's stock worth $42,000 after purchasing an additional 244 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in e.l.f. Beauty by 27.9% in the 1st quarter. Signaturefd LLC now owns 858 shares of the company's stock worth $54,000 after purchasing an additional 187 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Performance

Shares of NYSE:ELF traded down $1.85 during trading on Tuesday, hitting $119.10. The company's stock had a trading volume of 296,559 shares, compared to its average volume of 2,694,638. The company has a 50-day moving average of $114.62 and a 200-day moving average of $88.74. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $190.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.05 and a quick ratio of 2.00. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 61.71, a P/E/G ratio of 2.87 and a beta of 1.52.

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

Insider Buying and Selling

In related news, insider Kory Marchisotto sold 1,496 shares of the 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 $175,944.56. Following the completion of the sale, the insider directly owned 158,303 shares of the company's stock, valued at approximately $18,618,015.83. This represents a 0.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Joshua Allen Franks sold 1,496 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $117.61, for a total transaction of $175,944.56. Following the completion of the sale, the senior vice president directly owned 120,471 shares of the company's stock, valued at $14,168,594.31. This represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 126,589 shares of company stock worth $14,547,949 in the last ninety days. Corporate insiders own 3.90% of the company's stock.

Wall Street Analyst Weigh In

ELF has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on shares of e.l.f. Beauty from $123.00 to $132.00 and gave the stock an "overweight" rating in a research note on Friday. Jefferies Financial Group set a $115.00 price target on shares of e.l.f. Beauty and gave the stock a "buy" rating in a research note on Thursday, May 29th. Raymond James Financial upped their target price on shares of e.l.f. Beauty from $95.00 to $105.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. Robert W. Baird upped their target price on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. Finally, B. Riley restated a "buy" rating and set a $150.00 target price (up previously from $110.00) on shares of e.l.f. Beauty in a research note on Friday, June 13th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, e.l.f. Beauty has an average rating of "Moderate Buy" and an average target price of $123.94.

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.