Deutsche Bank AG Buys New Position in e.l.f. Beauty $ELF

Key Points

• Deutsche Bank acquired a new 45,476-share position in e.l.f. Beauty during the second quarter, valued at approximately $3.37 million and representing 0.08% of the company. Institutional investors collectively own 92.44% of the stock.
• Analysts maintain a generally positive outlook, with e.l.f. Beauty receiving a consensus “Moderate Buy” rating and an average price target of $91.31, despite mixed target-price adjustments.
• e.l.f. Beauty exceeded quarterly expectations, reporting $1.75 in earnings per share versus the $0.71 consensus and revenue of $479.37 million, up 35.5% year over year. However, insiders sold more than 140,000 shares worth approximately $10.1 million over the last quarter.

Deutsche Bank AG purchased a new stake in e.l.f. Beauty (NYSE:ELF - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 45,476 shares of the company's stock, valued at approximately $3,365,000. Deutsche Bank AG owned about 0.08% of e.l.f. Beauty as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of ELF. Royal Bank of Canada grew its position in e.l.f. Beauty by 9.9% during the 1st quarter. Royal Bank of Canada now owns 153,682 shares of the company's stock worth $9,650,000 after purchasing an additional 13,851 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of e.l.f. Beauty by 168.6% during the first quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company's stock valued at $407,000 after buying an additional 4,069 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of e.l.f. Beauty by 176.4% in the 1st quarter. NewEdge Advisors LLC now owns 4,677 shares of the company's stock valued at $294,000 after acquiring an additional 2,985 shares during the period. United Services Automobile Association acquired a new position in shares of e.l.f. Beauty in the 1st quarter valued at $240,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in e.l.f. Beauty by 58.5% in the 2nd 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. Hedge funds and other institutional investors own 92.44% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Morgan Stanley cut their price target on shares of e.l.f. Beauty from $67.00 to $59.00 and set an "equal weight" rating on the stock in a report on Thursday, May 21st. UBS Group upped their price objective on shares of e.l.f. Beauty from $80.00 to $89.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $64.00 target price on shares of e.l.f. Beauty in a report on Tuesday, June 16th. Bank of America cut their price target on e.l.f. Beauty from $93.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, May 21st. Finally, Citigroup boosted their price objective 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. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $91.31.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 25,357 shares of the business's stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $80.00, for a total value of $2,028,560.00. Following the sale, the insider owned 28,699 shares of the company's stock, valued at $2,295,920. The trade was a 46.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mandy J. Fields sold 8,464 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $51.94, for a total transaction of $439,620.16. Following the completion of the transaction, the insider owned 111,288 shares of the company's stock, valued at $5,780,298.72. This trade represents a 7.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 140,780 shares of company stock valued at $10,091,078 over the last quarter. 3.50% of the stock is owned by insiders.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $107.09 on Thursday. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. The firm has a 50-day simple moving average of $81.99 and a 200-day simple moving average of $72.60. e.l.f. Beauty has a 52 week low of $48.82 and a 52 week high of $150.99. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 107.09, a price-to-earnings-growth ratio of 3.29 and a beta of 1.58.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, topping 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 company had revenue of $479.37 million for the quarter, compared to analyst estimates of $431.20 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. The firm's revenue for the quarter 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. On average, equities analysts predict that e.l.f. Beauty will post 2.64 earnings per share 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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