Dakota Wealth Management Takes Position in e.l.f. Beauty $ELF

Key Points

• Dakota Wealth Management has acquired 2,628 shares of e.l.f. Beauty, valued at approximately $327,000, signaling increased institutional interest in the company.
• e.l.f. Beauty reported a quarterly earnings per share (EPS) of $0.89, surpassing analysts' expectations, with a revenue increase of 9% year-over-year.
• Analysts generally maintain a Moderate Buy consensus for e.l.f. Beauty, with price targets ranging from $112.00 to $155.00, indicating potential for future growth.

Dakota Wealth Management purchased a new position in e.l.f. Beauty (NYSE:ELF - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,628 shares of the company's stock, valued at approximately $327,000.

Several other large investors have also recently modified their holdings of ELF. Wealth Enhancement Advisory Services LLC raised its position in shares of e.l.f. Beauty by 42.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,347 shares of the company's stock worth $1,048,000 after purchasing an additional 2,505 shares during the last quarter. GAMMA Investing LLC raised its position in shares of e.l.f. Beauty by 14,478.0% in the 1st quarter. GAMMA Investing LLC now owns 125,517 shares of the company's stock worth $7,881,000 after purchasing an additional 124,656 shares during the last quarter. NBC Securities Inc. raised its position in shares of e.l.f. Beauty by 141,950.0% in the 1st quarter. NBC Securities Inc. now owns 5,682 shares of the company's stock worth $356,000 after purchasing an additional 5,678 shares during the last quarter. Portside Wealth Group LLC raised its position in shares of e.l.f. Beauty by 18.6% in the 1st quarter. Portside Wealth Group LLC now owns 3,908 shares of the company's stock worth $245,000 after purchasing an additional 613 shares during the last quarter. Finally, Congress Asset Management Co. raised its position in shares of e.l.f. Beauty by 53.7% in the 1st quarter. Congress Asset Management Co. now owns 938,970 shares of the company's stock worth $58,958,000 after purchasing an additional 327,980 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Trading Down 0.5%

e.l.f. Beauty stock opened at $129.99 on Monday. The business has a 50-day simple moving average of $124.78 and a two-hundred day simple moving average of $100.17. The company has a market cap of $7.71 billion, a P/E ratio of 76.47, a P/E/G ratio of 3.01 and a beta of 1.59. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $150.99. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ELF. Truist Financial lifted their price target on e.l.f. Beauty from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. UBS Group lowered their price target on e.l.f. Beauty from $120.00 to $112.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft lowered e.l.f. Beauty from a "buy" rating to a "hold" rating and boosted their target price for the stock from $121.00 to $128.00 in a research report on Tuesday, September 2nd. Raymond James Financial reissued a "strong-buy" rating and issued a $155.00 target price (up previously from $140.00) on shares of e.l.f. Beauty in a research report on Monday, September 8th. Finally, The Goldman Sachs Group boosted their target price on e.l.f. Beauty from $120.00 to $137.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $133.40.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 1,304 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $136.32, for a total transaction of $177,761.28. Following the completion of the sale, the insider directly owned 52,599 shares in the company, valued at $7,170,295.68. The trade was a 2.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kory Marchisotto sold 10,812 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $150.00, for a total value of $1,621,800.00. Following the sale, the insider owned 133,976 shares of the company's stock, valued at approximately $20,096,400. This represents a 7.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 184,745 shares of company stock worth $25,613,238. 3.90% of the stock is owned by corporate insiders.

About e.l.f. Beauty

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.

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