e.l.f. Beauty $ELF Shares Acquired by Platinum Investment Management Ltd.

Platinum Investment Management Ltd. lifted its position in shares of e.l.f. Beauty (NYSE:ELF) by 40.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,000 shares of the company’s stock after buying an additional 12,000 shares during the quarter. Platinum Investment Management Ltd.’s holdings in e.l.f. Beauty were worth $3,194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth $26,000. Hilton Head Capital Partners LLC acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth $32,000. EverSource Wealth Advisors LLC raised its stake in shares of e.l.f. Beauty by 97.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after buying an additional 128 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 last quarter. Finally, Ankerstar Wealth LLC acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth $42,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Trading Up 1.2%

Shares of ELF stock opened at $61.40 on Friday. The firm has a 50-day moving average price of $59.44 and a 200 day moving average price of $72.85. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month high of $150.99. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 133.47, a PEG ratio of 2.49 and a beta of 1.63. 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 (NYSE:ELF) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. The company had revenue of $449.29 million during 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%.The firm’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Research analysts forecast that e.l.f. Beauty will post 2.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ELF has been the subject of several analyst reports. Raymond James Financial reissued a “strong-buy” rating and issued a $85.00 target price on shares of e.l.f. Beauty in a research note on Thursday, May 21st. Sanford C. Bernstein initiated coverage on shares of e.l.f. Beauty in a research note on Thursday. They issued a “market perform” rating and a $60.00 target price for the company. Piper Sandler reissued a “neutral” rating on shares of e.l.f. Beauty in a research note on Friday. Citigroup cut their target price on shares of e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Finally, Bank of America cut their target price on shares of e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and an average price target of $78.38.

More e.l.f. Beauty News

Here are the key news stories impacting e.l.f. Beauty this week:

• Positive Sentiment: Options activity was unusually bullish, with call buying running about 50% above average, suggesting some traders are positioning for an upside move in e.l.f. Beauty. Source article
• Positive Sentiment: A bullish thesis highlighted by outside commentators argues that ELF may be attractive at recent prices, pointing to a potential rebound after the stock’s pullback. Article link
• Neutral Sentiment: Analyst coverage remains mixed but constructive overall, with a consensus rating of Moderate Buy and a consensus target price above the current share level, though several firms have recently cut targets. Article link
• Neutral Sentiment: Multiple executives and insiders sold shares at about $51.53, including CEO Tarang Amin and several senior leaders. The transactions were disclosed in SEC filings and may reflect routine selling, but they still add caution around near-term sentiment. SEC filing
• Negative Sentiment: The broad cluster of insider sales could weigh on e.l.f. Beauty stock, as investors may view repeated trimming by top executives as a sign of limited near-term upside or caution about the business outlook. SEC filing

Insider Buying and Selling

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,505 shares of e.l.f. Beauty stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total value of $180,612.65. Following the completion of the sale, the senior vice president owned 150,027 shares in the company, valued at $7,730,891.31. The trade was a 2.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Scott Milsten sold 4,162 shares of e.l.f. Beauty 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 of the company’s stock, valued at $7,450,258.93. This trade represents a 2.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 256,347 shares of company stock worth $15,713,592 over the last ninety days. Insiders own 3.90% of the company’s stock.

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.