Lombard Odier Asset Management USA Corp Acquires New Shares in e.l.f. Beauty, Inc. (NYSE:ELF)

Lombard Odier Asset Management USA Corp acquired a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,044 shares of the company’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in e.l.f. Beauty by 5.2% in the fourth quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after purchasing an additional 126,231 shares in the last quarter. Swiss National Bank raised its holdings in e.l.f. Beauty by 0.5% in the first quarter. Swiss National Bank now owns 108,900 shares of the company’s stock worth $21,348,000 after purchasing an additional 500 shares in the last quarter. Nia Impact Advisors LLC bought a new position in e.l.f. Beauty in the second quarter worth about $1,794,000. Private Advisor Group LLC bought a new position in e.l.f. Beauty in the first quarter worth about $417,000. Finally, WD Rutherford LLC increased its holdings in shares of e.l.f. Beauty by 17.5% during the second quarter. WD Rutherford LLC now owns 15,916 shares of the company’s stock valued at $3,354,000 after acquiring an additional 2,374 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Canaccord Genuity Group upped their price objective on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. TD Cowen cut their price objective on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Baird R W upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 18th. UBS Group cut their price objective on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Bank of America cut their price objective on shares of e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, September 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.80.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 15,386 shares of the business’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the sale, the chief executive officer now directly owns 171,329 shares in the company, valued at $34,411,429.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP Joshua Allen Franks sold 3,370 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the sale, the senior vice president now owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Tarang Amin sold 15,386 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $200.85, for a total value of $3,090,278.10. Following the completion of the sale, the chief executive officer now owns 171,329 shares in the company, valued at $34,411,429.65. The disclosure for this sale can be found here. Insiders have sold 42,832 shares of company stock valued at $7,074,887 over the last quarter. Company insiders own 5.20% of the company’s stock.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $111.80 on Tuesday. The stock has a fifty day simple moving average of $152.06 and a 200-day simple moving average of $173.47. e.l.f. Beauty, Inc. has a twelve month low of $88.47 and a twelve month high of $221.83. The stock has a market cap of $6.25 billion, a PE ratio of 50.36, a P/E/G ratio of 2.37 and a beta of 1.44. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. The firm had revenue of $324.48 million during the quarter, compared to the consensus estimate of $303.60 million. Equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current year.

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.