e.l.f. Beauty $ELF Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC grew its holdings in shares of e.l.f. Beauty (NYSE:ELF) by 41.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,674 shares of the company’s stock after purchasing an additional 9,216 shares during the period. Diversify Wealth Management LLC’s holdings in e.l.f. Beauty were worth $1,935,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its stake in shares of e.l.f. Beauty by 97.0% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after purchasing an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake 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 worth $39,000 after buying an additional 117 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in e.l.f. Beauty during the 4th quarter worth approximately $26,000. Hilton Head Capital Partners LLC acquired a new stake in e.l.f. Beauty during the 4th quarter worth approximately $32,000. Finally, Johnson Financial Group Inc. purchased a new position in e.l.f. Beauty in the 3rd quarter valued at approximately $64,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on ELF. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $64.00 price target on shares of e.l.f. Beauty in a research note on Tuesday, June 16th. Morgan Stanley reduced their price objective on e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 21st. Sanford C. Bernstein began coverage on e.l.f. Beauty in a report on Thursday, June 11th. They issued a “market perform” rating and a $60.00 target price for the company. Citigroup increased their price target on e.l.f. Beauty from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Weiss Ratings upgraded e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $78.75.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $72.20 on Wednesday. The company has a market cap of $4.26 billion, a P/E ratio of 156.96, a PEG ratio of 2.92 and a beta of 1.59. The firm has a fifty day moving average price of $61.86 and a 200 day moving average price of $71.68. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $150.99.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $449.29 million for the quarter, compared to analysts’ expectations of $423.06 million. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.e.l.f. Beauty’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period last year, the firm 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 predict that e.l.f. Beauty will post 2.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 50,164 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total transaction of $3,924,831.36. Following the sale, the chief executive officer owned 110,496 shares of the company’s stock, valued at approximately $8,645,207.04. This trade represents a 31.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mandy J. Fields sold 23,656 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $63.66, for a total value of $1,505,940.96. Following the sale, the insider owned 77,437 shares of the company’s stock, valued at approximately $4,929,639.42. The trade was a 23.40% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 278,988 shares of company stock worth $18,354,580. 3.50% of the stock is currently owned by company 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.