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

Vontobel Holding Ltd. acquired a new position in e.l.f. Beauty, Inc. (NYSE:ELF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,715 shares of the company’s stock, valued at approximately $718,000.

Several other hedge funds have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of e.l.f. Beauty in the 3rd quarter worth $25,000. Planning Capital Management Corp boosted its stake in shares of e.l.f. Beauty by 1,855.0% in the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after buying an additional 371 shares during the period. nVerses Capital LLC purchased a new position in shares of e.l.f. Beauty in the 3rd quarter valued at about $44,000. Peterson Financial Group Inc. purchased a new stake in e.l.f. Beauty during the third quarter worth approximately $45,000. Finally, Financial Life Planners acquired a new position in e.l.f. Beauty during the fourth quarter worth approximately $46,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the sale, the chief executive officer now owns 99,699 shares of the company’s stock, valued at $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Scott Milsten sold 530 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the transaction, the insider now owns 68,853 shares in the company, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock valued at $297,442 over the last three months. 3.50% of the stock is owned by insiders.

e.l.f. Beauty Price Performance

ELF stock opened at $73.26 on Thursday. The stock has a 50-day moving average price of $114.01 and a two-hundred day moving average price of $122.43. The stock has a market cap of $4.13 billion, a PE ratio of 43.35, a price-to-earnings-growth ratio of 6.94 and a beta of 1.47. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 1 year low of $63.50 and a 1 year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. Equities analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on ELF shares. B. Riley restated a “buy” rating and issued a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Piper Sandler dropped their target price on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. DA Davidson restated a “neutral” rating and set a $80.00 price target on shares of e.l.f. Beauty in a research note on Tuesday. Stifel Nicolaus lowered their target price on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. Finally, Jefferies Financial Group reduced their price target on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.00.

e.l.f. Beauty Company 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.