Freestone Grove Partners LP bought a new stake in shares of e.l.f. Beauty (NYSE:ELF - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 79,387 shares of the company's stock, valued at approximately $5,875,000. Freestone Grove Partners LP owned about 0.13% of e.l.f. Beauty as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Hilton Head Capital Partners LLC bought a new position in e.l.f. Beauty during the 4th quarter worth about $32,000. EverSource Wealth Advisors LLC boosted its position in shares of e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company's stock worth $32,000 after purchasing an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company's stock worth $39,000 after acquiring an additional 117 shares during the last quarter. State of Wyoming acquired a new stake in shares of e.l.f. Beauty during the second quarter worth $40,000. Finally, Arax Advisory Partners purchased a new stake in e.l.f. Beauty during the 4th quarter valued at about $41,000. 92.44% of the stock is currently owned by institutional investors.
e.l.f. Beauty Stock Down 1.9%
ELF stock opened at $104.20 on Friday. The firm has a market cap of $6.15 billion, a PE ratio of 104.20, a PEG ratio of 3.30 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.82 and a current ratio of 2.55. The firm's 50 day moving average price is $83.63 and its 200-day moving average price is $72.99. e.l.f. Beauty has a one year low of $48.82 and a one year high of $150.99.
e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $0.71 by $1.04. The company had revenue of $479.37 million during the quarter, compared to analyst estimates of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The firm's revenue for the quarter was up 35.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, equities research analysts anticipate that e.l.f. Beauty will post 2.64 EPS for the current year.
Insider Activity
In other news, insider Jennifer Catherine Hartnett sold 25,357 shares of the company's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $80.00, for a total value of $2,028,560.00. Following the transaction, the insider directly owned 28,699 shares in the company, valued at approximately $2,295,920. This represents a 46.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kory Marchisotto sold 12,173 shares of the company's stock in a transaction 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 transaction, the insider owned 169,695 shares in the company, valued at $14,936,553.90. This trade represents a 6.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 140,780 shares of company stock worth $10,091,078. 3.50% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several brokerages have weighed in on ELF. Weiss Ratings raised e.l.f. Beauty from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $64.00 price objective on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. Citigroup increased their target price on e.l.f. Beauty from $87.00 to $92.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. The Goldman Sachs Group set a $100.00 price target on shares of e.l.f. Beauty in a research note on Thursday, August 6th. Finally, B. Riley Financial increased their price objective on shares of e.l.f. Beauty from $70.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Two 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.12.
Read Our Latest Stock Report on ELF
e.l.f. Beauty Company Profile
(
Free Report)
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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