26,489 Shares in e.l.f. Beauty $ELF Acquired by VestGen Advisors LLC

Key Points

• VestGen Advisors LLC acquired 26,489 shares of e.l.f. Beauty in the third quarter, valued at approximately $2.68 million. Institutional investors collectively own 92.44% of the company.
• Analyst sentiment is broadly positive: e.l.f. Beauty has a consensus “Moderate Buy” rating and an average price target of $112.06, though ratings range from “Strong Buy” to “Sell.”
• The company reported strong quarterly results, with EPS of $1.75 versus the $0.71 consensus estimate and revenue up 35.5% year over year to $479.37 million. Shares opened at $113.20, near their 12-month high of $126.25.

VestGen Advisors LLC acquired a new position in shares of e.l.f. Beauty (NYSE:ELF - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 26,489 shares of the company's stock, valued at approximately $2,675,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Park Avenue Securities LLC raised its position in e.l.f. Beauty by 1.4% in the third quarter. Park Avenue Securities LLC now owns 6,327 shares of the company's stock valued at $639,000 after purchasing an additional 89 shares during the period. Sigma Planning Corp purchased a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at $261,000. Signaturefd LLC raised its holdings in shares of e.l.f. Beauty by 86.5% in the 3rd quarter. Signaturefd LLC now owns 513 shares of the company's stock valued at $52,000 after buying an additional 238 shares during the period. Gibbs Wealth Management lifted its stake in e.l.f. Beauty by 5.7% during the 3rd quarter. Gibbs Wealth Management now owns 5,779 shares of the company's stock worth $584,000 after acquiring an additional 314 shares in the last quarter. Finally, Wedbush Securities Inc. purchased a new position in e.l.f. Beauty during the 3rd quarter valued at about $218,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on ELF shares. Jefferies Financial Group increased their price target on shares of e.l.f. Beauty from $100.00 to $132.00 and gave the stock a "buy" rating in a research report on Monday, October 19th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $105.00 target price on shares of e.l.f. Beauty in a report on Wednesday, October 21st. Zacks Research raised shares of e.l.f. Beauty from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 9th. Weiss Ratings restated a "sell (d+)" rating on shares of e.l.f. Beauty in a research note on Wednesday. Finally, Citigroup upped their price objective on e.l.f. Beauty from $118.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, e.l.f. Beauty currently has a consensus rating of "Moderate Buy" and an average price target of $112.06.

Insider Buying and Selling

In other news, Director Lauren Levitan sold 1,034 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $93.15, for a total value of $96,317.10. Following the transaction, the director owned 10,516 shares of the company's stock, valued at approximately $979,565.40. The trade was a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kory Marchisotto sold 12,173 shares of the company's 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 of the company's stock, valued at $14,936,553.90. This trade represents a 6.69% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 103,994 shares of company stock worth $10,695,981. 3.50% of the stock is currently owned by insiders.

e.l.f. Beauty Trading Down 1.9%

NYSE ELF opened at $113.20 on Friday. The firm's fifty day moving average price is $105.29 and its 200 day moving average price is $81.45. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $126.25. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 113.20, a price-to-earnings-growth ratio of 3.06 and a beta of 1.61.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $1.04. The business had revenue of $479.37 million for the quarter, compared to analysts' expectations of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%. The business's revenue was up 35.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, sell-side analysts expect that e.l.f. Beauty will post 2.66 earnings per share for the current fiscal year.

e.l.f. Beauty Profile

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.

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