Jupiter Topco LLC Invests $2.04 Million in e.l.f. Beauty $ELF

Key Points

• Jupiter Topco LLC bought 27,518 shares of e.l.f. Beauty in the second quarter, valued at approximately $2.04 million. Institutional investors collectively own 92.44% of the company.
• e.l.f. Beauty reported quarterly earnings of $1.75 per share, beating estimates of $0.71, while revenue rose 35.5% year over year to $479.37 million.
• ELF shares opened at $107.30, above the analyst consensus target of $92.12. Analysts maintain a “Moderate Buy” consensus, while insiders have sold more than $9.3 million in shares over the past 90 days.

Jupiter Topco LLC bought a new position in shares of e.l.f. Beauty (NYSE:ELF - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 27,518 shares of the company's stock, valued at approximately $2,035,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in e.l.f. Beauty by 58.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company's stock valued at $39,000 after buying an additional 117 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in 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 purchasing an additional 128 shares in the last quarter. Horizon Investments LLC grew its position in shares of e.l.f. Beauty by 13.4% in the 4th quarter. Horizon Investments LLC now owns 1,089 shares of the company's stock valued at $83,000 after buying an additional 129 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of e.l.f. Beauty by 0.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,246 shares of the company's stock valued at $2,285,000 after buying an additional 144 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of e.l.f. Beauty by 0.3% during the second quarter. California State Teachers Retirement System now owns 52,055 shares of the company's stock worth $6,478,000 after purchasing an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Price Performance

ELF stock opened at $107.30 on Friday. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $150.99. The stock's fifty day simple moving average is $87.09 and its 200-day simple moving average is $73.85. 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 stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 107.30, a price-to-earnings-growth ratio of 3.34 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping the consensus estimate of $0.71 by $1.04. The firm had revenue of $479.37 million during the quarter, compared to analyst estimates of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. e.l.f. Beauty's revenue for the quarter was up 35.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Equities research analysts expect that e.l.f. Beauty will post 2.64 EPS for the current year.

Insider Activity at e.l.f. Beauty

In related news, insider Kory Marchisotto sold 12,173 shares of the business'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 transaction, the insider directly owned 169,695 shares of the company's stock, valued at approximately $14,936,553.90. The trade was a 6.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Mandy J. Fields sold 4,327 shares of the business's stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total transaction of $222,970.31. Following the transaction, the insider directly owned 106,961 shares in the company, valued at approximately $5,511,700.33. The trade was a 3.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 120,656 shares of company stock valued at $9,365,864 over the last 90 days. Corporate insiders own 3.50% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Sanford C. Bernstein lifted their target price on shares of e.l.f. Beauty from $113.00 to $121.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. Robert W. Baird set a $105.00 price objective on e.l.f. Beauty in a report on Thursday, August 6th. Morgan Stanley cut their price objective on e.l.f. Beauty from $67.00 to $59.00 and set an "equal weight" rating for the company in a research report on Thursday, May 21st. Bank of America decreased their target price on shares of 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 lifted their price target on shares of e.l.f. Beauty from $87.00 to $92.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Two research 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 company. Based on data from MarketBeat.com, e.l.f. Beauty currently has an average rating of "Moderate Buy" and a consensus target price of $92.12.

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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