22,169 Shares in e.l.f. Beauty $ELF Acquired by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in e.l.f. Beauty (NYSE:ELF) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 22,169 shares of the company’s stock, valued at approximately $1,641,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of e.l.f. Beauty during the second quarter valued at $428,262,000. BNP Paribas Financial Markets increased its stake in e.l.f. Beauty by 3,131.7% during the 4th quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock valued at $70,330,000 after buying an additional 896,282 shares during the period. Price T Rowe Associates Inc. MD increased its stake in e.l.f. Beauty by 47.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock valued at $167,086,000 after buying an additional 711,540 shares during the period. Swedbank AB raised its position in shares of e.l.f. Beauty by 97.0% during the 4th quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock worth $103,779,000 after buying an additional 672,071 shares in the last quarter. Finally, Prime Capital Management Co Ltd acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter worth approximately $44,736,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $105.99 on Tuesday. The company has a market capitalization of $6.25 billion, a PE ratio of 105.99, a price-to-earnings-growth ratio of 3.17 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.82 and a current ratio of 2.55. The stock has a fifty day moving average of $80.32 and a 200-day moving average of $72.24. e.l.f. Beauty has a one year low of $48.82 and a one year high of $150.99.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $1.04. The business had revenue of $479.37 million for 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 company’s quarterly revenue was up 35.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, equities analysts anticipate that e.l.f. Beauty will post 2.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ELF shares. Raymond James Financial increased 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 report on Tuesday, July 14th. Zacks Research upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. UBS Group increased their price target on e.l.f. Beauty from $80.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Bank of America lowered their price target on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Finally, Sanford C. Bernstein boosted their price objective on e.l.f. Beauty from $113.00 to $121.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus target price of $91.31.

Insiders Place Their Bets

In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 25,357 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were 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 directly owned 28,699 shares of the company’s stock, valued at approximately $2,295,920. This represents a 46.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mandy J. Fields sold 8,464 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $51.94, for a total transaction of $439,620.16. Following the sale, 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 140,780 shares of company stock worth $10,091,078 over the last three months. Company insiders own 3.50% of the company’s stock.

About e.l.f. Beauty

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.