e.l.f. Beauty $ELF Shares Acquired by Algert Global LLC

Key Points

• Algert Global increased its e.l.f. Beauty stake by 27.1% in the second quarter, bringing its holdings to 69,140 shares valued at approximately $5.1 million. Institutional investors and hedge funds collectively own 92.44% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $92.12. Recent target changes included UBS raising its target to $89, while JPMorgan lowered its target to $106.
• e.l.f. Beauty reported quarterly EPS of $1.75, beating estimates of $0.71, while revenue rose 35.5% year over year to $479.37 million. Shares opened at $106.21, down 0.7%, but remain well below their 52-week high of $150.99.

Algert Global LLC increased its stake in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 27.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,140 shares of the company's stock after buying an additional 14,730 shares during the quarter. Algert Global LLC owned about 0.12% of e.l.f. Beauty worth $5,116,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Hilton Head Capital Partners LLC purchased a new position in e.l.f. Beauty in the 4th quarter worth approximately $32,000. EverSource Wealth Advisors LLC grew its position in shares of e.l.f. Beauty by 97.0% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company's stock worth $32,000 after buying an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position 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 buying an additional 117 shares in the last quarter. State of Wyoming acquired a new stake in e.l.f. Beauty in the second quarter valued at approximately $40,000. Finally, Arax Advisory Partners acquired a new stake in e.l.f. Beauty in the fourth quarter valued at approximately $41,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 25,357 shares of the firm'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 transaction of $2,028,560.00. Following the sale, the insider directly owned 28,699 shares in the company, valued at approximately $2,295,920. This trade represents a 46.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kory Marchisotto sold 12,173 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $88.02, for a total transaction of $1,071,467.46. Following the sale, 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 90 days, insiders have sold 140,780 shares of company stock valued at $10,091,078. 3.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. UBS Group raised their price target on e.l.f. Beauty from $80.00 to $89.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Weiss Ratings upgraded e.l.f. Beauty from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, July 30th. Zacks Research raised e.l.f. Beauty from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. lowered their target price on shares of e.l.f. Beauty from $111.00 to $106.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 19th. Finally, Raymond James Financial lifted their target price on shares of e.l.f. Beauty from $85.00 to $87.00 and gave the company a "strong-buy" rating in a report on Tuesday, July 14th. Two 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $92.12.

e.l.f. Beauty Stock Down 0.7%

Shares of NYSE ELF opened at $106.21 on Friday. The stock has a market capitalization of $6.27 billion, a PE ratio of 106.21, a P/E/G ratio of 3.33 and a beta of 1.58. 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 fifty day moving average of $82.83 and a 200-day moving average of $72.77. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $150.99.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its earnings results 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 business had revenue of $479.37 million for 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 business's quarterly revenue was up 35.5% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, analysts anticipate that e.l.f. Beauty will post 2.64 EPS for the current year.

About e.l.f. Beauty

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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