SummitTX Capital L.P. Purchases 20,169 Shares of e.l.f. Beauty $ELF

SummitTX Capital L.P. increased its position in e.l.f. Beauty (NYSE:ELF) by 222.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,240 shares of the company’s stock after purchasing an additional 20,169 shares during the period. SummitTX Capital L.P.’s holdings in e.l.f. Beauty were worth $1,772,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in e.l.f. Beauty during the fourth quarter valued at $26,000. Hilton Head Capital Partners LLC bought a new position in shares of e.l.f. Beauty in the 4th quarter worth about $32,000. EverSource Wealth Advisors LLC increased its stake in shares of e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after acquiring an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in e.l.f. Beauty by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after acquiring an additional 117 shares during the period. Finally, Arax Advisory Partners purchased a new position in e.l.f. Beauty during the 4th quarter valued at about $41,000. Institutional investors own 92.44% of the company’s stock.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, insider Mandy J. Fields sold 4,327 shares of e.l.f. Beauty stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total value of $222,970.31. Following the completion of the sale, the insider owned 106,961 shares of the company’s stock, valued at approximately $5,511,700.33. This trade represents a 3.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kory Marchisotto sold 4,352 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 value of $224,258.56. Following the completion of the transaction, the insider owned 181,868 shares of the company’s stock, valued at $9,371,658.04. This represents a 2.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 121,855 shares of company stock valued at $8,351,493 over the last ninety days. Corporate insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $80.97 on Thursday. e.l.f. Beauty has a one year low of $48.82 and a one year high of $150.99. The company’s 50-day moving average is $66.75 and its 200 day moving average is $71.63. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 176.02, a price-to-earnings-growth ratio of 3.28 and a beta of 1.59. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.69 and a current ratio of 2.35.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. The business had revenue of $449.29 million during the quarter, compared to analysts’ expectations of $423.06 million. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Sell-side analysts expect that e.l.f. Beauty will post 2.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on ELF. Citigroup boosted their price objective on shares of e.l.f. Beauty from $87.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Sanford C. Bernstein began coverage on shares of e.l.f. Beauty in a report on Thursday, June 11th. They set a “market perform” rating and a $60.00 target price for the company. Weiss Ratings raised e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 18th. Canaccord Genuity Group upped their price target on e.l.f. Beauty from $90.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $95.00 price objective on shares of e.l.f. Beauty in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.75.

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.