Prime Capital Management Co Ltd Acquires Shares of 604,535 e.l.f. Beauty $ELF

Prime Capital Management Co Ltd acquired a new stake in e.l.f. Beauty (NYSE:ELF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 604,535 shares of the company’s stock, valued at approximately $44,736,000. e.l.f. Beauty comprises about 3.6% of Prime Capital Management Co Ltd’s holdings, making the stock its 6th largest position.

A number of other institutional investors have also made changes to their positions in the business. Royal Bank of Canada increased its holdings in shares of e.l.f. Beauty by 9.9% during the first quarter. Royal Bank of Canada now owns 153,682 shares of the company’s stock worth $9,650,000 after purchasing an additional 13,851 shares during the period. Integrated Wealth Concepts LLC grew its position in e.l.f. Beauty by 168.6% during the first quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company’s stock worth $407,000 after buying an additional 4,069 shares in the last quarter. NewEdge Advisors LLC grew its position in e.l.f. Beauty by 176.4% during the first quarter. NewEdge Advisors LLC now owns 4,677 shares of the company’s stock worth $294,000 after buying an additional 2,985 shares in the last quarter. United Services Automobile Association bought a new position in e.l.f. Beauty during the 1st quarter worth $240,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in e.l.f. Beauty by 58.5% in 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 in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Trading Down 1.3%

ELF opened at $92.46 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $150.99. The company’s 50 day moving average price is $77.10 and its two-hundred day moving average price is $71.78. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 92.46, a PEG ratio of 2.88 and a beta of 1.58.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $1.04. The firm had revenue of $479.37 million during the quarter, compared to the consensus estimate of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The company’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, research analysts predict that e.l.f. Beauty will post 2.61 earnings per share for the current year.

Analysts Set New Price Targets

ELF has been the subject of a number of recent analyst reports. B. Riley Financial upped their target price on e.l.f. Beauty from $70.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Bank of America cut their price objective on shares of e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. UBS Group raised their target price on shares of e.l.f. Beauty from $80.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Jefferies Financial Group upped their price target on shares of e.l.f. Beauty from $72.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Finally, Morgan Stanley decreased their price objective on shares of 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. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.81.

Insiders Place Their Bets

In other e.l.f. Beauty news, insider Kory Marchisotto sold 12,173 shares of e.l.f. Beauty stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $88.02, for a total transaction of $1,071,467.46. Following the transaction, the insider directly owned 169,695 shares of the company’s stock, valued at approximately $14,936,553.90. The trade was a 6.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott Milsten sold 4,162 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total value of $214,467.86. Following the completion of the sale, the insider owned 144,581 shares in the company, valued at $7,450,258.93. This trade represents a 2.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 134,028 shares of company stock valued at $9,422,961 over the last ninety days. 3.50% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Company 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.