Bank Julius Baer & Co. Ltd Zurich Buys 5,175 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 13.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,484 shares of the company’s stock after purchasing an additional 5,175 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in e.l.f. Beauty were worth $5,704,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Lisanti Capital Growth LLC bought a new position in e.l.f. Beauty during the 4th quarter worth $5,403,000. Inceptionr LLC bought a new position in e.l.f. Beauty during the 4th quarter worth $526,000. Raymond James Financial Inc. bought a new position in e.l.f. Beauty during the 4th quarter worth $68,775,000. Promus Capital LLC bought a new position in e.l.f. Beauty during the 4th quarter worth $31,000. Finally, Arizona State Retirement System raised its position in e.l.f. Beauty by 0.8% during the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock worth $2,055,000 after purchasing an additional 128 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Canaccord Genuity Group lowered their target price on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Stifel Nicolaus lowered their price objective on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. UBS Group reissued a “neutral” rating and issued a $74.00 price objective (down from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft assumed coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price objective for the company. Finally, Piper Sandler lowered their price objective on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.94.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $70.75 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The stock has a 50-day moving average of $97.69 and a 200-day moving average of $113.79. The company has a market cap of $3.99 billion, a PE ratio of 41.87, a P/E/G ratio of 6.76 and a beta of 1.60. e.l.f. Beauty, Inc. has a one year low of $61.90 and a one year high of $219.77.

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

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.