Vontobel Holding Ltd. Sells 46,133 Shares of e.l.f. Beauty $ELF

Vontobel Holding Ltd. reduced its stake in shares of e.l.f. Beauty (NYSE:ELF) by 95.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,159 shares of the company’s stock after selling 46,133 shares during the quarter. Vontobel Holding Ltd.’s holdings in e.l.f. Beauty were worth $218,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Continuum Advisory LLC acquired a new stake in e.l.f. Beauty in the second quarter valued at approximately $31,000. State of Wyoming purchased a new stake in shares of e.l.f. Beauty during the second quarter valued at approximately $40,000. EverSource Wealth Advisors LLC raised its stake in shares of e.l.f. Beauty by 378.5% during the first quarter. EverSource Wealth Advisors LLC now owns 713 shares of the company’s stock valued at $43,000 after purchasing an additional 564 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of e.l.f. Beauty during the second quarter worth $56,000. Finally, Triumph Capital Management acquired a new position in shares of e.l.f. Beauty during the second quarter worth $74,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on ELF. Citigroup upped their target price on shares of e.l.f. Beauty from $118.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, October 14th. Zacks Research raised shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 9th. Canaccord Genuity Group boosted their price objective on shares of e.l.f. Beauty from $123.00 to $137.00 and gave the stock a “buy” rating in a report on Thursday. The Goldman Sachs Group set a $100.00 price objective on shares of e.l.f. Beauty in a report on Thursday, August 6th. Finally, Jefferies Financial Group upped their price objective on shares of e.l.f. Beauty from $100.00 to $132.00 and gave the company a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $112.06.

e.l.f. Beauty Stock Performance

ELF stock opened at $114.73 on Friday. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69. The firm has a market cap of $6.77 billion, a P/E ratio of 42.14, a P/E/G ratio of 3.20 and a beta of 1.61. e.l.f. Beauty has a 12-month low of $48.82 and a 12-month high of $132.37. The stock’s 50 day simple moving average is $103.63 and its 200 day simple moving average is $80.48.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $1.04. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%. The firm had revenue of $479.37 million for the quarter, compared to analysts’ expectations of $431.20 million. During the same period last year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was up 35.5% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, equities research analysts predict that e.l.f. Beauty will post 2.65 EPS for the current year.

Insider Activity

In other news, SVP Joshua Franks sold 7,926 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $110.15, for a total transaction of $873,048.90. Following the completion of the transaction, the senior vice president directly owned 119,005 shares of the company’s stock, valued at approximately $13,108,400.75. This represents a 6.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kory Marchisotto sold 12,173 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $88.02, for a total value of $1,071,467.46. Following the sale, the insider owned 169,695 shares in the company, valued at $14,936,553.90. The trade was a 6.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 103,994 shares of company stock valued at $10,695,981 over the last quarter. Corporate insiders own 3.50% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a cosmetics and skincare company that develops, markets and sells beauty products under a portfolio of brands. Its offerings include makeup, skin care, hair care and other personal-care products designed to provide accessible, trend-focused beauty options across a range of categories.

The company’s portfolio includes e.l.f. Cosmetics, Well People, Keys Soulcare and Naturium. Its products are sold through mass retailers, specialty beauty stores, e-commerce platforms and the brands’ direct-to-consumer websites.