White Wing Wealth Management Makes New Investment in e.l.f. Beauty $ELF

Key Points

• White Wing Wealth Management acquired 2,943 shares of e.l.f. Beauty, valued at approximately $366,000, making it the firm's 23rd largest position.
• Various institutional investors increased their holdings in e.l.f. Beauty, with significant percentage increases from firms like Royal Bank of Canada and Mackenzie Financial Corp in the last quarter.
• e.l.f. Beauty reported strong quarterly earnings with an EPS of $0.89, surpassing estimates, and has received various analyst ratings ranging from "strong buy" to "neutral," reflecting investor confidence.

White Wing Wealth Management purchased a new stake in shares of e.l.f. Beauty (NYSE:ELF - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 2,943 shares of the company's stock, valued at approximately $366,000. e.l.f. Beauty makes up 0.2% of White Wing Wealth Management's investment portfolio, making the stock its 23rd largest position.

A number of other large investors have also added to or reduced their stakes in ELF. Orion Capital Management LLC acquired a new stake in e.l.f. Beauty during the 4th quarter valued at $30,000. Golden State Wealth Management LLC acquired a new stake in e.l.f. Beauty during the 1st quarter valued at $33,000. Larson Financial Group LLC grew its holdings in e.l.f. Beauty by 56.5% during the 1st quarter. Larson Financial Group LLC now owns 676 shares of the company's stock valued at $42,000 after purchasing an additional 244 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in e.l.f. Beauty by 577.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 759 shares of the company's stock valued at $49,000 after purchasing an additional 647 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in e.l.f. Beauty by 27.9% during the 1st quarter. Signaturefd LLC now owns 858 shares of the company's stock valued at $54,000 after purchasing an additional 187 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at e.l.f. Beauty

In related news, SVP Joshua Allen Franks sold 7,913 shares of the company's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $145.00, for a total transaction of $1,147,385.00. Following the completion of the transaction, the senior vice president directly owned 99,369 shares in the company, valued at $14,408,505. This represents a 7.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Scott Milsten sold 15,000 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $150.23, for a total transaction of $2,253,450.00. Following the completion of the sale, the insider directly owned 97,406 shares in the company, valued at $14,633,303.38. This trade represents a 13.34% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 184,745 shares of company stock valued at $25,613,238. Insiders own 3.90% of the company's stock.

e.l.f. Beauty Price Performance

Shares of ELF traded up $0.66 during mid-day trading on Tuesday, hitting $137.98. The company's stock had a trading volume of 373,785 shares, compared to its average volume of 2,580,805. The firm has a 50-day moving average price of $123.15 and a 200 day moving average price of $98.41. The stock has a market capitalization of $8.18 billion, a price-to-earnings ratio of 81.06, a PEG ratio of 3.25 and a beta of 1.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.34. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $150.99.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. The business had revenue of $353.74 million for the quarter, compared to the consensus estimate of $348.99 million. During the same period last year, the firm posted $1.10 earnings per share. The firm's quarterly revenue was up 9.0% compared to the same quarter last year. On average, research analysts predict that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of e.l.f. Beauty from $132.00 to $130.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft lowered shares of e.l.f. Beauty from a "buy" rating to a "hold" rating and raised their price objective for the stock from $121.00 to $128.00 in a report on Tuesday, September 2nd. Canaccord Genuity Group set a $165.00 price objective on shares of e.l.f. Beauty in a report on Tuesday, September 9th. Raymond James Financial reissued a "strong-buy" rating and set a $155.00 price objective (up from $140.00) on shares of e.l.f. Beauty in a report on Monday, September 8th. Finally, Robert W. Baird lifted their price target on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the company an "outperform" rating in a report on Friday, June 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, e.l.f. Beauty has a consensus rating of "Moderate Buy" and a consensus price target of $133.40.

e.l.f. Beauty 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.