e.l.f. Beauty $ELF Shares Purchased by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management increased its e.l.f. Beauty stake by 40.2% in the second quarter, holding 126,876 shares valued at approximately $9.4 million. Institutional investors and hedge funds collectively own 92.44% of the company.
• e.l.f. Beauty reported quarterly revenue of $479.37 million, up 35.5% year over year, and adjusted earnings of $1.75 per share, exceeding analysts’ $0.71 estimate. Shares recently traded at $104.13, up 3.1%.
• Wall Street maintains a consensus “Moderate Buy” rating, with an average price target of $99.00, while company insiders have sold more than 40,700 shares worth about $4.05 million over the past 90 days.

Envestnet Asset Management Inc. boosted its stake in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 40.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,876 shares of the company's stock after purchasing an additional 36,386 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.22% of e.l.f. Beauty worth $9,389,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of e.l.f. Beauty during the second quarter worth about $428,262,000. Primecap Management Co. CA acquired a new stake in e.l.f. Beauty in the second quarter valued at approximately $78,202,000. Prime Capital Management Co Ltd purchased a new position in e.l.f. Beauty in the second quarter worth approximately $44,736,000. Armistice Capital LLC lifted its stake in e.l.f. Beauty by 394.9% in the fourth quarter. Armistice Capital LLC now owns 657,983 shares of the company's stock worth $50,033,000 after acquiring an additional 525,018 shares during the last quarter. Finally, Norges Bank acquired a new position in e.l.f. Beauty during the 4th quarter worth approximately $38,895,000. Institutional investors and hedge funds own 92.44% of the company's stock.

e.l.f. Beauty Trading Up 3.1%

Shares of e.l.f. Beauty stock opened at $104.13 on Friday. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $147.75. 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 company has a market capitalization of $6.14 billion, a P/E ratio of 104.13, a PEG ratio of 2.86 and a beta of 1.61. The company's fifty day moving average is $97.08 and its two-hundred day moving average is $75.99.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $1.04. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The business had revenue of $479.37 million during the quarter, compared to analysts' expectations of $431.20 million. During the same period in the prior year, the company earned $0.89 earnings per share. The business's revenue 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. Analysts forecast that e.l.f. Beauty will post 2.64 earnings per share for the current year.

Insider Buying and Selling

In other e.l.f. Beauty news, insider Mandy Fields sold 16,065 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $104.52, for a total value of $1,679,113.80. Following the transaction, the insider directly owned 90,896 shares in the company, valued at approximately $9,500,449.92. This trade represents a 15.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lauren Levitan sold 1,034 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $93.15, for a total value of $96,317.10. Following the completion of the transaction, the director owned 10,516 shares in the company, valued at $979,565.40. This trade represents a 8.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 40,702 shares of company stock worth $4,047,018. Insiders own 3.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ELF. The Goldman Sachs Group set a $100.00 price objective on shares of e.l.f. Beauty in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $64.00 target price on shares of e.l.f. Beauty in a research note on Tuesday, June 16th. UBS Group increased their target price on e.l.f. Beauty from $80.00 to $89.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Zacks Research cut e.l.f. Beauty from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 10th. Finally, Weiss Ratings raised e.l.f. Beauty from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $99.00.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc is a cosmetics and skin-care company that develops, markets and sells beauty products through mass retailers, specialty beauty stores, e-commerce platforms and its own websites. Its portfolio includes makeup, skin-care, body-care and related beauty products designed to offer accessible pricing and broad consumer appeal.

The company's principal brand is e.l.f. Cosmetics, which offers products such as complexion makeup, eye cosmetics, lip products, brushes and skin-care items.

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