Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,359 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 12.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,980 shares of the company’s stock after buying an additional 1,359 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in e.l.f. Beauty were worth $1,729,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its stake in shares of e.l.f. Beauty by 98.1% during the third quarter. IFP Advisors Inc now owns 626 shares of the company’s stock valued at $69,000 after purchasing an additional 310 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of e.l.f. Beauty by 1.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 33,908 shares of the company’s stock valued at $3,724,000 after buying an additional 594 shares during the period. Private Trust Co. NA increased its stake in shares of e.l.f. Beauty by 75.5% in the 3rd quarter. Private Trust Co. NA now owns 437 shares of the company’s stock valued at $48,000 after buying an additional 188 shares during the period. Cavalier Investments LLC raised its position in shares of e.l.f. Beauty by 3.6% during the third quarter. Cavalier Investments LLC now owns 9,840 shares of the company’s stock worth $1,081,000 after acquiring an additional 345 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of e.l.f. Beauty by 40.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 16,467 shares of the company’s stock valued at $1,809,000 after acquiring an additional 4,731 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

NYSE ELF opened at $177.03 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. The stock has a market cap of $9.83 billion, a price-to-earnings ratio of 78.33, a PEG ratio of 1.52 and a beta of 1.57. The business has a 50 day simple moving average of $186.44 and a 200 day simple moving average of $150.79. e.l.f. Beauty, Inc. has a 52-week low of $83.80 and a 52-week high of $221.83.

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

Analyst Upgrades and Downgrades

ELF has been the subject of a number of research reports. Morgan Stanley lifted their price objective on e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. DA Davidson restated a “buy” rating and issued a $220.00 price objective on shares of e.l.f. Beauty in a report on Monday, April 8th. StockNews.com lowered shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Stifel Nicolaus upped their target price on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Finally, Raymond James raised their price target on e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.33.

Insider Activity

In related news, SVP Joshua Allen Franks sold 727 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the completion of the transaction, the senior vice president now directly owns 83,736 shares in the company, valued at $13,829,837.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Tarang Amin sold 74,451 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $166.40, for a total transaction of $12,388,646.40. Following the completion of the transaction, the chief executive officer now directly owns 316,161 shares in the company, valued at approximately $52,609,190.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Joshua Allen Franks sold 727 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $165.16, for a total value of $120,071.32. Following the completion of the transaction, the senior vice president now owns 83,736 shares of the company’s stock, valued at approximately $13,829,837.76. The disclosure for this sale can be found here. Insiders have sold a total of 164,325 shares of company stock worth $28,081,154 over the last three months. Corporate insiders own 5.20% of the company’s stock.

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.