Hanseatic Management Services Inc. Buys 13,902 Shares of e.l.f. Beauty $ELF

Key Points

• Hanseatic Management Services bought 13,902 shares of e.l.f. Beauty during the third quarter, valued at approximately $1.4 million. Institutional investors and hedge funds collectively own 92.44% of the company.
• Analysts maintain a generally positive outlook, with e.l.f. Beauty receiving a consensus “Moderate Buy” rating and an average price target of $112.06; several firms recently raised their targets.
• The company reported strong quarterly results, including $1.75 in earnings per share and $479.37 million in revenue, up 35.5% year over year. However, insiders sold nearly 104,000 shares worth $10.7 million over the past 90 days.

Hanseatic Management Services Inc. bought a new stake in e.l.f. Beauty (NYSE:ELF - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,902 shares of the company's stock, valued at approximately $1,404,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Continuum Advisory LLC purchased a new position in e.l.f. Beauty during the second quarter worth about $31,000. SBI Securities Co. Ltd. lifted its position in e.l.f. Beauty by 64.5% in the third quarter. SBI Securities Co. Ltd. now owns 334 shares of the company's stock valued at $34,000 after purchasing an additional 131 shares during the period. State of Wyoming acquired a new stake in e.l.f. Beauty in the second quarter valued at about $40,000. EverSource Wealth Advisors LLC boosted its holdings in e.l.f. Beauty by 378.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 713 shares of the company's stock valued at $43,000 after purchasing an additional 564 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in e.l.f. Beauty by 86.5% in the 3rd quarter. Signaturefd LLC now owns 513 shares of the company's stock valued at $52,000 after purchasing an additional 238 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ELF shares. Morgan Stanley boosted their target price on e.l.f. Beauty from $90.00 to $103.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 15th. JPMorgan Chase & Co. raised their price target on e.l.f. Beauty from $106.00 to $130.00 and gave the company an "overweight" rating in a report on Monday, October 19th. UBS Group reissued a "neutral" rating and issued a $116.00 price target on shares of e.l.f. Beauty in a report on Thursday, October 15th. Robert W. Baird lifted their price target on e.l.f. Beauty from $105.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, October 7th. Finally, Canaccord Genuity Group upped their price objective on e.l.f. Beauty from $123.00 to $137.00 and gave the stock a "buy" rating in a report on Thursday, October 22nd. 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $112.06.

Insider Activity at e.l.f. Beauty

In other news, insider Kory Marchisotto sold 12,173 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $88.02, for a total transaction of $1,071,467.46. Following the completion of the sale, the insider directly owned 169,695 shares in the company, valued at approximately $14,936,553.90. This trade represents a 6.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren Levitan sold 1,034 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $93.15, for a total value of $96,317.10. Following the sale, the director directly owned 10,516 shares in the company, valued at $979,565.40. This trade represents a 8.95% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 103,994 shares of company stock worth $10,695,981. 3.50% of the stock is currently owned by company insiders.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $115.27 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. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $131.89. The company has a 50-day simple moving average of $105.01 and a 200-day simple moving average of $81.32. The company has a market capitalization of $6.80 billion, a PE ratio of 115.27, a P/E/G ratio of 3.03 and a beta of 1.61.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping 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 firm had revenue of $479.37 million for the quarter, compared to the consensus estimate of $431.20 million. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The firm's revenue was up 35.5% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Equities research analysts predict that e.l.f. Beauty will post 2.66 earnings per share for the current fiscal year.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc is a cosmetics and skincare company that develops, markets and sells beauty products under a portfolio of brands. Its offerings include makeup, skin care, hair care and other personal-care products designed to provide accessible, trend-focused beauty options across a range of categories.

The company's portfolio includes e.l.f. Cosmetics, Well People, Keys Soulcare and Naturium. Its products are sold through mass retailers, specialty beauty stores, e-commerce platforms and the brands' direct-to-consumer websites.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.