Virtue Capital Management LLC Buys New Shares in e.l.f. Beauty $ELF

Key Points

• Virtue Capital Management purchased 13,453 shares of e.l.f. Beauty in the third quarter, valued at approximately $1.36 million. Institutional investors collectively own 92.44% of the company.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $112.06; several firms recently raised their targets, while Deutsche Bank maintained a hold rating.
• e.l.f. Beauty reported quarterly EPS of $1.75 versus the $0.71 consensus estimate, while revenue rose 35.5% year over year to $479.37 million. Shares opened at $111.78, near the upper end of their 52-week range.

Virtue Capital Management LLC purchased a new position in shares of e.l.f. Beauty (NYSE:ELF - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 13,453 shares of the company's stock, valued at approximately $1,358,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of e.l.f. Beauty in the second quarter valued at approximately $428,262,000. State Street Corp lifted its position in shares of e.l.f. Beauty by 4.2% in the second quarter. State Street Corp now owns 1,874,997 shares of the company's stock worth $138,647,000 after purchasing an additional 75,842 shares in the last quarter. Primecap Management Co. CA bought a new stake in shares of e.l.f. Beauty in the second quarter worth $78,202,000. Prime Capital Management Co Ltd acquired a new position in e.l.f. Beauty during the second quarter worth $44,736,000. Finally, Congress Asset Management Co. boosted its holdings in e.l.f. Beauty by 5.7% during the third quarter. Congress Asset Management Co. now owns 299,742 shares of the company's stock worth $30,265,000 after purchasing an additional 16,055 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Canaccord Genuity Group raised their target price on shares of e.l.f. Beauty from $123.00 to $137.00 and gave the company a "buy" rating in a research report on Thursday, October 22nd. Robert W. Baird lifted their price objective on shares of e.l.f. Beauty from $105.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $105.00 price objective on shares of e.l.f. Beauty in a research note on Wednesday, October 21st. Sanford C. Bernstein increased their price target on e.l.f. Beauty from $121.00 to $127.00 and gave the company an "outperform" rating in a research note on Thursday, September 17th. Finally, Raymond James Financial raised their price target on e.l.f. Beauty from $100.00 to $117.00 and gave the company a "strong-buy" rating in a report on Thursday, October 1st. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and an average price target of $112.06.

Insider Buying and Selling

In related news, insider Mandy J. Fields sold 16,065 shares of the company's stock in a transaction dated Tuesday, September 8th. The shares were 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 represents a 15.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Joshua Franks sold 7,926 shares of the firm's stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $110.15, for a total transaction of $873,048.90. Following the transaction, the senior vice president directly owned 119,005 shares in the company, valued at approximately $13,108,400.75. This represents a 6.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 103,994 shares of company stock valued at $10,695,981 in the last 90 days. 3.50% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $111.78 on Monday. The firm has a market cap of $6.60 billion, a P/E ratio of 111.78, a price-to-earnings-growth ratio of 2.92 and a beta of 1.61. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $124.99. The business's 50 day moving average is $105.55 and its 200-day moving average is $81.58.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $1.04. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%. The business had revenue of $479.37 million during the quarter, compared to the consensus estimate of $431.20 million. During the same period in the previous year, the company posted $0.89 EPS. The firm's quarterly 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 2.70 earnings per share for the current 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.

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