Credit Suisse AG Buys 9,875 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Credit Suisse AG increased its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 23.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,871 shares of the company’s stock after acquiring an additional 9,875 shares during the period. Credit Suisse AG owned about 0.10% of e.l.f. Beauty worth $4,272,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. lifted its stake in shares of e.l.f. Beauty by 0.9% in the 1st quarter. BlackRock Inc. now owns 7,287,057 shares of the company’s stock valued at $188,224,000 after acquiring an additional 67,611 shares during the last quarter. Vanguard Group Inc. raised its position in e.l.f. Beauty by 8.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,147,304 shares of the company’s stock valued at $231,262,000 after purchasing an additional 504,690 shares during the last quarter. State Street Corp raised its position in e.l.f. Beauty by 3.6% during the 3rd quarter. State Street Corp now owns 1,606,727 shares of the company’s stock valued at $60,445,000 after purchasing an additional 55,263 shares during the last quarter. Assenagon Asset Management S.A. raised its position in e.l.f. Beauty by 140.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,553,238 shares of the company’s stock valued at $127,909,000 after purchasing an additional 906,008 shares during the last quarter. Finally, Driehaus Capital Management LLC raised its position in e.l.f. Beauty by 22.3% during the 4th quarter. Driehaus Capital Management LLC now owns 1,321,665 shares of the company’s stock valued at $73,088,000 after purchasing an additional 241,048 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

ELF has been the subject of a number of recent analyst reports. Raymond James upped their price target on e.l.f. Beauty from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Truist Financial upped their target price on e.l.f. Beauty from $110.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. DA Davidson upped their target price on e.l.f. Beauty from $130.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Morgan Stanley upped their target price on e.l.f. Beauty from $118.00 to $162.00 and gave the stock an “overweight” rating in a report on Wednesday, August 2nd. Finally, Bank of America upped their target price on e.l.f. Beauty from $155.00 to $165.00 in a report on Wednesday. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock opened at $136.68 on Thursday. The company has a market capitalization of $7.44 billion, a P/E ratio of 77.22, a PEG ratio of 2.95 and a beta of 1.50. e.l.f. Beauty, Inc. has a twelve month low of $36.13 and a twelve month high of $139.75. The company has a quick ratio of 2.48, a current ratio of 3.38 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average is $119.27 and its 200 day moving average is $98.26.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Tuesday, August 1st. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.51. The business had revenue of $216.34 million for the quarter, compared to analysts’ expectations of $184.92 million. e.l.f. Beauty had a return on equity of 26.43% and a net margin of 14.87%. On average, equities research analysts predict that e.l.f. Beauty, Inc. will post 1.92 earnings per share for the current fiscal year.

Insider Activity at e.l.f. Beauty

In other news, SVP Joshua Allen Franks sold 17,363 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $103.86, for a total transaction of $1,803,321.18. Following the transaction, the senior vice president now directly owns 108,506 shares of the company’s stock, valued at approximately $11,269,433.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Joshua Allen Franks sold 17,363 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $103.86, for a total transaction of $1,803,321.18. Following the transaction, the senior vice president now directly owns 108,506 shares of the company’s stock, valued at approximately $11,269,433.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tarang Amin sold 34,208 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $103.50, for a total value of $3,540,528.00. Following the transaction, the chief executive officer now directly owns 285,607 shares in the company, valued at $29,560,324.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 213,893 shares of company stock valued at $23,966,121. 5.20% of the stock is owned by corporate insiders.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.