Palisade Capital Management LP Buys Shares of 35,197 e.l.f. Beauty $ELF

Palisade Capital Management LP acquired a new stake in e.l.f. Beauty (NYSE:ELF) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 35,197 shares of the company’s stock, valued at approximately $2,605,000. Palisade Capital Management LP owned about 0.06% of e.l.f. Beauty at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of e.l.f. Beauty during the second quarter worth about $428,262,000. BNP Paribas Financial Markets raised its stake in e.l.f. Beauty by 3,131.7% in the fourth quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock valued at $70,330,000 after purchasing an additional 896,282 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in e.l.f. Beauty by 47.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock valued at $167,086,000 after purchasing an additional 711,540 shares in the last quarter. Swedbank AB lifted its position in e.l.f. Beauty by 97.0% during the fourth quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after purchasing an additional 672,071 shares during the last quarter. Finally, Prime Capital Management Co Ltd bought a new stake in e.l.f. Beauty during the second quarter valued at approximately $44,736,000. 92.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ELF has been the topic of several recent research reports. Citigroup increased their price objective on e.l.f. Beauty from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Raymond James Financial upped their target price on e.l.f. Beauty from $85.00 to $87.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 14th. Jefferies Financial Group increased their price target on shares of e.l.f. Beauty from $72.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. decreased their price target on shares of e.l.f. Beauty from $111.00 to $106.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 19th. Finally, The Goldman Sachs Group set a $100.00 price objective on shares of e.l.f. Beauty in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $91.31.

Insider Buying and Selling

In other news, insider Mandy J. Fields sold 8,464 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $51.94, for a total transaction of $439,620.16. Following the transaction, the insider directly owned 111,288 shares of the company’s stock, valued at $5,780,298.72. This represents a 7.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $1,071,467.46. Following the completion of the sale, the insider owned 169,695 shares of the company’s stock, valued at $14,936,553.90. The trade was a 6.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 140,780 shares of company stock worth $10,091,078 over the last quarter. 3.50% of the stock is owned by insiders.

e.l.f. Beauty Stock Down 0.1%

Shares of e.l.f. Beauty stock opened at $105.90 on Wednesday. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69. e.l.f. Beauty has a 12-month low of $48.82 and a 12-month high of $150.99. The company has a market cap of $6.25 billion, a P/E ratio of 105.90, a PEG ratio of 3.29 and a beta of 1.58. The company’s fifty day simple moving average is $81.10 and its two-hundred day simple moving average is $72.39.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $1.04. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The firm 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 company earned $0.89 EPS. The business’s revenue was up 35.5% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Research analysts anticipate that e.l.f. Beauty will post 2.64 EPS for the current year.

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.