Vontobel Holding Ltd. Makes New Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

Vontobel Holding Ltd. bought a new position in e.l.f. Beauty, Inc. (NYSE:ELF) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 2,014 shares of the company’s stock, valued at approximately $291,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its holdings in shares of e.l.f. Beauty by 0.3% during the fourth quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock worth $4,906,000 after purchasing an additional 85 shares during the period. GPS Wealth Strategies Group LLC raised its position in shares of e.l.f. Beauty by 66.4% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock valued at $35,000 after purchasing an additional 97 shares during the period. Mutual of America Capital Management LLC raised its position in shares of e.l.f. Beauty by 1.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 9,661 shares of the company’s stock valued at $1,394,000 after purchasing an additional 117 shares during the period. Armstrong Advisory Group Inc. raised its position in shares of e.l.f. Beauty by 390.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock valued at $29,000 after purchasing an additional 160 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in shares of e.l.f. Beauty by 7.2% in the third quarter. Public Employees Retirement System of Ohio now owns 2,573 shares of the company’s stock valued at $283,000 after purchasing an additional 172 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ELF. Truist Financial lifted their price target on shares of e.l.f. Beauty from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Robert W. Baird assumed coverage on shares of e.l.f. Beauty in a research note on Tuesday, January 30th. They set a “neutral” rating and a $185.00 target price for the company. Bank of America upped their target price on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. StockNews.com cut shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $184.33.

e.l.f. Beauty Stock Up 9.6 %

Shares of NYSE:ELF opened at $176.98 on Wednesday. e.l.f. Beauty, Inc. has a 12 month low of $83.80 and a 12 month high of $221.83. The company’s 50-day moving average price is $186.24 and its two-hundred day moving average price is $150.60. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27. The firm has a market cap of $9.82 billion, a P/E ratio of 78.31, a P/E/G ratio of 1.47 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. The firm had revenue of $270.94 million for the quarter, compared to analyst estimates of $239.66 million. As a group, research analysts forecast that e.l.f. Beauty, Inc. will post 2.5 EPS for the current fiscal year.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the transaction, the chief executive officer now directly owns 10,889 shares in the company, valued at approximately $2,165,713.21. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Joshua Allen Franks sold 29,388 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $166.40, for a total value of $4,890,163.20. Following the sale, the senior vice president now directly owns 108,748 shares in the company, valued at approximately $18,095,667.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tarang Amin sold 23,519 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the completion of the sale, the chief executive officer now owns 10,889 shares in the company, valued at $2,165,713.21. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,325 shares of company stock worth $28,081,154. Company insiders own 5.20% of the company’s stock.

e.l.f. Beauty 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.