Quantbot Technologies LP bought a new stake in shares of e.l.f. Beauty (NYSE:ELF - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 22,169 shares of the company's stock, valued at approximately $1,641,000.
Several other large investors also recently modified their holdings of ELF. Allworth Financial LP acquired a new position in shares of e.l.f. Beauty in the second quarter worth about $112,000. Trillium Asset Management LLC acquired a new stake in e.l.f. Beauty during the 2nd quarter valued at approximately $2,587,000. Aurora Investment Counsel purchased a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $2,868,000. Great Lakes Advisors LLC purchased a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $299,000. Finally, Prime Capital Management Co Ltd acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $44,736,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.
e.l.f. Beauty Stock Performance
Shares of NYSE ELF opened at $105.99 on Tuesday. 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's 50-day moving average price is $80.32 and its two-hundred day moving average price is $72.24. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $150.99. The stock has a market capitalization of $6.25 billion, a P/E ratio of 105.99, a P/E/G ratio of 3.17 and a beta of 1.58.
e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, beating the consensus estimate of $0.71 by $1.04. The company had revenue of $479.37 million during 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 revenue was up 35.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, sell-side analysts forecast that e.l.f. Beauty will post 2.64 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on ELF shares. Citigroup raised their price target on shares of e.l.f. Beauty from $87.00 to $92.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. TD Cowen increased their price objective on shares of e.l.f. Beauty from $85.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Jefferies Financial Group raised their price objective on shares of e.l.f. Beauty from $72.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, July 28th. Raymond James Financial boosted their target price on shares of e.l.f. Beauty from $85.00 to $87.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $64.00 price target on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $91.31.
Check Out Our Latest Analysis on e.l.f. Beauty
Insider Activity
In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 6,854 shares of the firm's stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $51.94, for a total value of $355,996.76. Following the sale, the senior vice president directly owned 153,532 shares in the company, valued at approximately $7,974,452.08. This trade represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kory Marchisotto sold 12,173 shares of the business's stock in a transaction 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 transaction, the insider directly owned 169,695 shares of the company's stock, valued at approximately $14,936,553.90. This trade represents a 6.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 140,780 shares of company stock worth $10,091,078 over the last 90 days. Insiders own 3.50% of the company's stock.
e.l.f. Beauty Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding ELF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for e.l.f. Beauty (NYSE:ELF - Free Report).
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