Tidal Investments LLC Sells 84,481 Shares of e.l.f. Beauty $ELF

Tidal Investments LLC lowered its stake in e.l.f. Beauty (NYSE:ELF) by 35.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 151,684 shares of the company’s stock after selling 84,481 shares during the quarter. Tidal Investments LLC’s holdings in e.l.f. Beauty were worth $11,225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legal & General Group Plc bought a new position in shares of e.l.f. Beauty in the second quarter valued at $5,684,000. BNP Paribas Financial Markets increased its holdings in e.l.f. Beauty by 3,131.7% during the fourth quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock worth $70,330,000 after buying an additional 896,282 shares during the last quarter. Norges Bank bought a new stake in e.l.f. Beauty during the fourth quarter worth $38,895,000. Delta Global Management LP bought a new stake in e.l.f. Beauty during the first quarter worth $1,227,000. Finally, Aurora Investment Counsel acquired a new stake in e.l.f. Beauty in the second quarter valued at $2,868,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $96.85 on Friday. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $150.99. The stock’s 50 day moving average is $90.57 and its 200-day moving average is $74.55. 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 company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 96.85, a PEG ratio of 2.97 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $0.71 by $1.04. The business had revenue of $479.37 million during 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%.The firm’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 research analysts expect that e.l.f. Beauty will post 2.64 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on ELF shares. Raymond James Financial lifted their price objective on shares of e.l.f. Beauty from $85.00 to $87.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 14th. TD Cowen upped their target price on shares of e.l.f. Beauty from $85.00 to $110.00 and gave the company a “buy” rating in a report on Monday, August 10th. Jefferies Financial Group raised their target price on shares of e.l.f. Beauty from $72.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Sanford C. Bernstein lifted their price target on e.l.f. Beauty from $113.00 to $121.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. lowered their price target on e.l.f. Beauty from $111.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $92.12.

Insider Activity

In other news, insider Jennifer Hartnett sold 25,357 shares of e.l.f. Beauty stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $80.00, for a total transaction of $2,028,560.00. Following the completion of the sale, the insider owned 28,699 shares of the company’s stock, valued at approximately $2,295,920. This trade represents a 46.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joshua Franks sold 5,718 shares of e.l.f. Beauty stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $100.00, for a total value of $571,800.00. Following the sale, the senior vice president directly owned 144,309 shares of the company’s stock, valued at $14,430,900. This represents a 3.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 116,223 shares of company stock worth $10,000,410. Corporate insiders own 3.50% of the company’s stock.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc develops, markets and sells cosmetics, skin care and beauty products. Its portfolio includes e.l.f. Cosmetics, which offers makeup, skin care, tools and accessories, as well as brands such as Naturium, W3LL PEOPLE and Keys Soulcare. The company positions its products as accessible and affordable alternatives across a range of beauty categories.

Founded in 2004, e.l.f. Beauty distributes its products through mass retailers, specialty beauty stores, direct-to-consumer websites and other digital channels.