38,751 Shares in e.l.f. Beauty $ELF Purchased by Aurora Investment Counsel

Key Points

• Aurora Investment Counsel acquired 38,751 e.l.f. Beauty shares worth approximately $2.87 million, making ELF about 1.5% of its portfolio. Institutional investors collectively own 92.44% of the company.
• Company insiders sold 134,028 shares valued at roughly $9.42 million during the last quarter, while insiders retain a 3.5% ownership stake.
• Analysts maintain a Moderate Buy consensus with an average price target of $91.31. e.l.f. Beauty recently exceeded earnings and revenue estimates, reporting $1.75 in quarterly EPS and 35.5% year-over-year revenue growth.

Aurora Investment Counsel acquired a new position in shares of e.l.f. Beauty (NYSE:ELF - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 38,751 shares of the company's stock, valued at approximately $2,868,000. e.l.f. Beauty accounts for approximately 1.5% of Aurora Investment Counsel's holdings, making the stock its 6th largest holding. Aurora Investment Counsel owned about 0.07% of e.l.f. Beauty at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of e.l.f. Beauty in the second quarter worth about $428,262,000. BNP Paribas Financial Markets raised its holdings in shares of e.l.f. Beauty by 3,131.7% during the fourth quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company's stock valued at $70,330,000 after acquiring an additional 896,282 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of e.l.f. Beauty by 47.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company's stock valued at $167,086,000 after acquiring an additional 711,540 shares in the last quarter. Swedbank AB lifted its position in shares of e.l.f. Beauty by 97.0% in the 4th quarter. Swedbank AB now owns 1,364,801 shares of the company's stock valued at $103,779,000 after acquiring an additional 672,071 shares in the last quarter. Finally, Prime Capital Management Co Ltd acquired a new position in e.l.f. Beauty in the 2nd quarter worth approximately $44,736,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 25,357 shares of the firm's stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $80.00, for a total transaction of $2,028,560.00. Following the transaction, the insider directly owned 28,699 shares in the company, valued at $2,295,920. This trade represents a 46.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Milsten sold 4,162 shares of the business's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total value of $214,467.86. Following the completion of the sale, the insider owned 144,581 shares of the company's stock, valued at approximately $7,450,258.93. This trade represents a 2.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 134,028 shares of company stock worth $9,422,961 in the last quarter. Corporate insiders own 3.50% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ELF shares. B. Riley Financial increased their target price on e.l.f. Beauty from $70.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Jefferies Financial Group lifted their price target on e.l.f. Beauty from $72.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Zacks Research raised e.l.f. Beauty from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 12th. Canaccord Genuity Group increased their price objective on e.l.f. Beauty from $97.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Morgan Stanley decreased their price objective on e.l.f. Beauty from $67.00 to $59.00 and set an "equal weight" rating for the company in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $91.31.

e.l.f. Beauty Price Performance

ELF opened at $99.40 on Thursday. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 99.40, a PEG ratio of 2.91 and a beta of 1.58. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $150.99. 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 stock has a fifty day moving average price of $77.92 and a 200 day moving average price of $71.88.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $431.20 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. The business's quarterly revenue was up 35.5% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Analysts forecast that e.l.f. Beauty will post 2.61 EPS for the current fiscal year.

e.l.f. Beauty Company Profile

e.l.f. Beauty NYSE: ELF is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company's portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.

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