Fox Run Management L.L.C. Makes New Investment in e.l.f. Beauty $ELF

Fox Run Management L.L.C. acquired a new position in e.l.f. Beauty (NYSE:ELF) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 17,638 shares of the company’s stock, valued at approximately $1,341,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ELF. BNP Paribas Financial Markets grew its holdings in e.l.f. Beauty by 3,131.7% in the fourth quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock worth $70,330,000 after purchasing an additional 896,282 shares during the period. Swedbank AB grew its holdings in e.l.f. Beauty by 97.0% in the fourth quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock worth $103,779,000 after purchasing an additional 672,071 shares during the period. Norges Bank purchased a new stake in e.l.f. Beauty in the fourth quarter worth about $38,895,000. Atreides Management LP purchased a new stake in e.l.f. Beauty in the second quarter worth about $61,479,000. Finally, Man Group plc purchased a new stake in e.l.f. Beauty in the second quarter worth about $52,316,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ELF. Robert W. Baird cut their price objective on shares of e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft set a $65.00 price target on shares of e.l.f. Beauty in a report on Thursday, May 14th. Canaccord Genuity Group cut their price target on shares of e.l.f. Beauty from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Bank of America cut their price target on shares of e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. cut their price target on shares of e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $79.60.

Insider Activity at e.l.f. Beauty

In related news, SVP Joshua Allen Franks sold 23,535 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $63.66, for a total transaction of $1,498,238.10. Following the transaction, the senior vice president owned 118,071 shares in the company, valued at $7,516,399.86. This represents a 16.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mandy J. Fields sold 23,656 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $63.66, for a total transaction of $1,505,940.96. Following the transaction, the insider owned 77,437 shares in the company, valued at approximately $4,929,639.42. This trade represents a 23.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 235,649 shares of company stock valued at $14,647,024 over the last quarter. 3.90% of the stock is owned by company insiders.

e.l.f. Beauty Trading Up 6.5%

NYSE:ELF opened at $55.70 on Wednesday. The company’s 50 day moving average price is $59.48 and its 200-day moving average price is $73.07. e.l.f. Beauty has a 52 week low of $48.82 and a 52 week high of $150.99. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 121.10, a PEG ratio of 2.15 and a beta of 1.63.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates 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 company posted $0.78 earnings per share. The business’s revenue for the quarter 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. On average, equities research analysts forecast that e.l.f. Beauty will post 2.41 earnings per share for the current fiscal year.

About e.l.f. Beauty

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.