e.l.f. Beauty $ELF Shares Acquired by PDT Partners LLC

Key Points

• PDT Partners LLC significantly increased its stake in e.l.f. Beauty by 736.1%, acquiring 62,678 shares, bringing its total holdings to approximately 71,193 shares valued at $4.47 million.
• Despite a year-over-year earnings performance decline, e.l.f. Beauty reported better-than-expected earnings per share of $0.89, exceeding analysts' estimates of $0.84, along with a revenue rise of 9.0% to $353.74 million.
• Institutional investors own 92.44% of e.l.f. Beauty's stock, highlighting strong interest and investment from large financial entities in the company.

PDT Partners LLC lifted its position in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 736.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,193 shares of the company's stock after purchasing an additional 62,678 shares during the quarter. PDT Partners LLC owned 0.13% of e.l.f. Beauty worth $4,470,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ProShare Advisors LLC raised its holdings in shares of e.l.f. Beauty by 7.1% during the fourth quarter. ProShare Advisors LLC now owns 2,635 shares of the company's stock valued at $331,000 after acquiring an additional 174 shares during the last quarter. Signaturefd LLC grew its position in shares of e.l.f. Beauty by 27.9% in the first quarter. Signaturefd LLC now owns 858 shares of the company's stock valued at $54,000 after purchasing an additional 187 shares in the last quarter. State of Michigan Retirement System grew its position in shares of e.l.f. Beauty by 1.5% in the first quarter. State of Michigan Retirement System now owns 13,500 shares of the company's stock valued at $848,000 after purchasing an additional 200 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in e.l.f. Beauty by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 15,800 shares of the company's stock valued at $992,000 after acquiring an additional 200 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in e.l.f. Beauty by 1.0% in the first quarter. Fifth Third Bancorp now owns 21,751 shares of the company's stock valued at $1,366,000 after acquiring an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

Insider Activity at e.l.f. Beauty

In other news, Director Lauren Cooks Levitan sold 4,630 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was 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 approximately $1,368,642.58. The trade was a 28.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.90% of the company's stock.

e.l.f. Beauty Stock Up 0.3%

Shares of NYSE ELF traded up $0.36 during mid-day trading on Friday, hitting $134.08. The company had a trading volume of 2,399,615 shares, compared to its average volume of 2,115,771. The company has a market capitalization of $7.95 billion, a PE ratio of 78.87, a price-to-earnings-growth ratio of 3.28 and a beta of 1.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.34. e.l.f. Beauty has a 1-year low of $49.40 and a 1-year high of $147.33. The business's 50-day simple moving average is $118.90 and its 200 day simple moving average is $92.66.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The business had revenue of $353.74 million for the quarter, compared to analysts' expectations of $348.99 million. During the same period last year, the firm earned $1.10 earnings per share. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. On average, analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of e.l.f. Beauty from $120.00 to $137.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Piper Sandler assumed coverage on shares of e.l.f. Beauty in a report on Thursday. They issued an "overweight" rating and a $150.00 price objective on the stock. B. Riley restated a "buy" rating and issued a $150.00 price objective (up from $110.00) on shares of e.l.f. Beauty in a report on Friday, June 13th. Jefferies Financial Group set a $115.00 price objective on shares of e.l.f. Beauty and gave the company a "buy" rating in a report on Thursday, May 29th. Finally, UBS Group reduced their price objective on shares of e.l.f. Beauty from $120.00 to $112.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $126.81.

About e.l.f. Beauty

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.