e.l.f. Beauty $ELF Shares Newly Bought by Trek Financial LLC

Trek Financial LLC purchased a new position in e.l.f. Beauty (NYSE:ELF) during the third quarter, HoldingsChannel.com reports. The fund purchased 83,414 shares of the company’s stock, valued at approximately $8,422,000.

Several other hedge funds also recently bought and sold shares of ELF. Virtue Capital Management LLC purchased a new position in shares of e.l.f. Beauty during the 3rd quarter valued at $1,358,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in e.l.f. Beauty during the third quarter worth about $223,000. ProShare Advisors LLC purchased a new position in e.l.f. Beauty during the third quarter worth about $226,000. Vise Technologies Inc. purchased a new position in e.l.f. Beauty during the third quarter worth about $709,000. Finally, Partners Wealth Management LLC bought a new position in e.l.f. Beauty in the 3rd quarter worth about $202,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $105.00 price target on shares of e.l.f. Beauty in a report on Wednesday, October 21st. Morgan Stanley upped their price objective on shares of e.l.f. Beauty from $90.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 15th. Jefferies Financial Group raised their target price on shares of e.l.f. Beauty from $100.00 to $132.00 and gave the company a “buy” rating in a research note on Monday, October 19th. Canaccord Genuity Group lifted 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. Finally, B. Riley Financial reissued a “buy” rating and issued a $115.00 price target (up from $100.00) on shares of e.l.f. Beauty in a research note on Wednesday, September 16th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $112.06.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 47,000 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $103.31, for a total transaction of $4,855,570.00. Following the transaction, the chief executive officer directly owned 134,496 shares of the company’s stock, valued at approximately $13,894,781.76. This trade represents a 25.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mandy J. Fields sold 16,065 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $104.52, for a total transaction of $1,679,113.80. Following the transaction, the insider directly owned 90,896 shares in the company, valued at $9,500,449.92. This trade represents a 15.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 103,994 shares of company stock valued at $10,695,981. 3.50% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Price Performance

ELF opened at $111.78 on Monday. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $6.60 billion, a P/E ratio of 111.78, a PEG ratio of 2.92 and a beta of 1.61. The stock has a 50-day moving average price of $105.55 and a 200-day moving average price of $81.58. e.l.f. Beauty has a 12-month low of $48.82 and a 12-month high of $124.99.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $1.04. The company had revenue of $479.37 million for the quarter, compared to analysts’ expectations of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%. e.l.f. Beauty’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same period last year, the firm posted $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Equities analysts predict that e.l.f. Beauty will post 2.70 earnings per share for the current fiscal year.

e.l.f. Beauty Company 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.