83,414 Shares in e.l.f. Beauty $ELF Purchased by Trek Financial LLC

Trek Financial LLC acquired a new position in shares of e.l.f. Beauty (NYSE:ELF) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 83,414 shares of the company’s stock, valued at approximately $8,422,000. Trek Financial LLC owned 0.14% of e.l.f. Beauty as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. SBI Securities Co. Ltd. increased its holdings in e.l.f. Beauty by 64.5% in the third quarter. SBI Securities Co. Ltd. now owns 334 shares of the company’s stock worth $34,000 after purchasing an additional 131 shares in the last quarter. Continuum Advisory LLC bought a new position in shares of e.l.f. Beauty during the 2nd quarter worth about $31,000. Signaturefd LLC boosted its position in shares of e.l.f. Beauty by 86.5% during the 3rd quarter. Signaturefd LLC now owns 513 shares of the company’s stock worth $52,000 after purchasing an additional 238 shares in the last quarter. State of Wyoming bought a new stake in e.l.f. Beauty in the 2nd quarter valued at about $40,000. Finally, EverSource Wealth Advisors LLC raised its stake in e.l.f. Beauty by 378.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 713 shares of the company’s stock worth $43,000 after buying an additional 564 shares during the period. 92.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ELF. UBS Group restated a “neutral” rating and set a $116.00 price objective on shares of e.l.f. Beauty in a report on Thursday, October 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of e.l.f. Beauty in a report on Wednesday. B. Riley Financial reiterated a “buy” rating and issued a $115.00 target price (up from $100.00) on shares of e.l.f. Beauty in a research note on Wednesday, September 16th. Zacks Research upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of e.l.f. Beauty from $106.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, October 19th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.06.

Insiders Place Their Bets

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

e.l.f. Beauty Trading Up 0.1%

NYSE ELF opened at $111.78 on Monday. The business’s fifty day moving average is $105.55 and its 200-day moving average is $81.58. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 111.78, a PEG ratio of 2.92 and a beta of 1.61. e.l.f. Beauty has a one year low of $48.82 and a one year high of $124.99.

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

About e.l.f. Beauty

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.