Burney Co. Purchases 9,604 Shares of e.l.f. Beauty $ELF

Burney Co. increased its position in e.l.f. Beauty (NYSE:ELF) by 91.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 20,153 shares of the company’s stock after acquiring an additional 9,604 shares during the quarter. Burney Co.’s holdings in e.l.f. Beauty were worth $1,221,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HB Wealth Management LLC purchased a new stake in e.l.f. Beauty during the first quarter valued at about $301,000. PFG Investments LLC lifted its stake in shares of e.l.f. Beauty by 45.7% during the 1st quarter. PFG Investments LLC now owns 4,909 shares of the company’s stock valued at $298,000 after buying an additional 1,540 shares in the last quarter. World Investment Advisors boosted its holdings in e.l.f. Beauty by 6.9% in the 1st quarter. World Investment Advisors now owns 4,402 shares of the company’s stock worth $267,000 after buying an additional 285 shares during the period. 4WEALTH Advisors Inc. boosted its holdings in e.l.f. Beauty by 58.7% in the 1st quarter. 4WEALTH Advisors Inc. now owns 7,037 shares of the company’s stock worth $418,000 after buying an additional 2,602 shares during the period. Finally, Leonteq Securities AG grew its stake in e.l.f. Beauty by 23.1% in the 1st quarter. Leonteq Securities AG now owns 6,082 shares of the company’s stock valued at $369,000 after buying an additional 1,143 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Stock Down 1.5%

Shares of NYSE:ELF opened at $74.20 on Thursday. The firm has a fifty day moving average price of $60.80 and a two-hundred day moving average price of $71.81. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.35 and a quick ratio of 1.69. e.l.f. Beauty has a one year low of $48.82 and a one year high of $150.99. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 161.31, a PEG ratio of 2.93 and a beta of 1.59.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The firm had revenue of $449.29 million for the quarter, compared to analysts’ expectations of $423.06 million. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The business’s quarterly revenue was up 35.1% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Analysts anticipate that e.l.f. Beauty will post 2.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Canaccord Genuity Group reduced their price target on e.l.f. Beauty from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Sanford C. Bernstein began coverage on e.l.f. Beauty in a research note on Thursday, June 11th. They set a “market perform” rating and a $60.00 price objective on the stock. B. Riley Financial decreased their price objective on e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. Finally, UBS Group set a $80.00 price objective on e.l.f. Beauty in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average price target of $78.31.

Insiders Place Their Bets

In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 25,357 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $80.00, for a total value of $2,028,560.00. Following the sale, the insider owned 28,699 shares of the company’s stock, valued at $2,295,920. This trade represents a 46.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Scott Milsten sold 23,797 shares of e.l.f. Beauty stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $63.66, for a total value of $1,514,917.02. Following the sale, the insider owned 114,940 shares of the company’s stock, valued at approximately $7,317,080.40. This trade represents a 17.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 278,988 shares of company stock worth $18,354,580. 3.90% of the stock is owned by corporate insiders.

e.l.f. Beauty Profile

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.