DRW Securities LLC Buys New Position in e.l.f. Beauty $ELF

Key Points

• DRW Securities LLC has acquired a new stake in e.l.f. Beauty, purchasing 3,284 shares valued at approximately $206,000 in the first quarter.
• Institutional investors and hedge funds collectively own 92.44% of e.l.f. Beauty's stock, indicating strong market confidence in the company.
• Analysts have mixed ratings for e.l.f. Beauty, with a consensus rating of "Moderate Buy" and a price target averaging $124.25, reflecting varied outlooks on the stock's performance.

DRW Securities LLC acquired a new position in e.l.f. Beauty (NYSE:ELF - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,284 shares of the company's stock, valued at approximately $206,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ELF. Northern Trust Corp boosted its holdings in e.l.f. Beauty by 20.8% in the 4th quarter. Northern Trust Corp now owns 465,786 shares of the company's stock worth $58,479,000 after buying an additional 80,175 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in e.l.f. Beauty in the 4th quarter worth approximately $501,000. Bayesian Capital Management LP bought a new position in e.l.f. Beauty in the 4th quarter worth approximately $539,000. Cetera Investment Advisers boosted its holdings in e.l.f. Beauty by 2.9% in the 4th quarter. Cetera Investment Advisers now owns 32,478 shares of the company's stock worth $4,078,000 after buying an additional 918 shares during the period. Finally, Duquesne Family Office LLC bought a new position in e.l.f. Beauty in the 4th quarter worth approximately $4,683,000. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Trading Up 0.3%

e.l.f. Beauty stock traded up $0.36 during trading hours on Friday, reaching $134.08. The stock had a trading volume of 2,399,615 shares, compared to its average volume of 2,115,771. The stock has a market cap of $7.95 billion, a PE ratio of 78.87, a PEG ratio of 3.29 and a beta of 1.59. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $147.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.34. The company has a fifty day simple moving average of $118.90 and a 200-day simple moving average of $92.79.

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

Insider Transactions at e.l.f. Beauty

In related news, Director Lauren Cooks Levitan sold 4,630 shares of e.l.f. Beauty stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $118.94, for a total transaction of $550,692.20. Following the completion of the transaction, the director directly owned 11,507 shares of the company's stock, valued at $1,368,642.58. This trade represents a 28.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on ELF shares. B. Riley reiterated a "buy" rating and issued a $150.00 target price (up from $110.00) on shares of e.l.f. Beauty in a research note on Friday, June 13th. The Goldman Sachs Group upped their target price on shares of 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. Deutsche Bank Aktiengesellschaft lowered e.l.f. Beauty from a "buy" rating to a "hold" rating and lifted their price target for the stock from $121.00 to $128.00 in a research note on Tuesday, September 2nd. Morgan Stanley upgraded e.l.f. Beauty from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $114.00 to $134.00 in a research report on Monday, August 11th. Finally, Jefferies Financial Group set a $115.00 price objective on e.l.f. Beauty and gave the company a "buy" rating in a research report on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.81.

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.