5,590 Shares in e.l.f. Beauty $ELF Acquired by White Knight Strategic Wealth Advisors LLC

White Knight Strategic Wealth Advisors LLC purchased a new stake in e.l.f. Beauty (NYSE:ELF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,590 shares of the company’s stock, valued at approximately $414,000.

Several other institutional investors have also bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its stake in e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after acquiring an additional 117 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of e.l.f. Beauty by 97.0% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after acquiring an additional 128 shares during the period. Horizon Investments LLC boosted its stake in shares of e.l.f. Beauty by 13.4% in the 4th quarter. Horizon Investments LLC now owns 1,089 shares of the company’s stock valued at $83,000 after purchasing an additional 129 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of e.l.f. Beauty by 0.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,246 shares of the company’s stock valued at $2,285,000 after purchasing an additional 144 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of e.l.f. Beauty by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 52,055 shares of the company’s stock valued at $6,478,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Activity

In other news, SVP Joshua Allen Franks sold 5,718 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $100.00, for a total value of $571,800.00. Following the transaction, the senior vice president owned 144,309 shares of the company’s stock, valued at approximately $14,430,900. This trade represents a 3.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer Catherine Hartnett sold 25,357 shares of e.l.f. Beauty stock in a transaction that occurred 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 sale, the insider owned 28,699 shares of the company’s stock, valued at approximately $2,295,920. This represents a 46.91% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 140,780 shares of company stock worth $10,091,078. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ELF. JPMorgan Chase & Co. dropped their target price on shares of e.l.f. Beauty from $111.00 to $106.00 and set an “overweight” rating for the company in a research report on Wednesday, August 19th. Jefferies Financial Group upped their price objective on shares of e.l.f. Beauty from $72.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. The Goldman Sachs Group set a $100.00 price objective on shares of e.l.f. Beauty in a report on Thursday, August 6th. Zacks Research raised e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. Finally, Piper Sandler boosted their target price on e.l.f. Beauty from $50.00 to $65.00 and gave the stock a “neutral” rating in a report 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, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $91.31.

e.l.f. Beauty Price Performance

ELF opened at $105.99 on Tuesday. 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 $6.25 billion, a P/E ratio of 105.99, a price-to-earnings-growth ratio of 3.17 and a beta of 1.58. The company’s 50 day simple moving average is $80.32 and its 200-day simple moving average is $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 posted its quarterly earnings data 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. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The firm had revenue of $479.37 million during the quarter, compared to analysts’ expectations of $431.20 million. During the same quarter in the previous year, the company posted $0.89 EPS. e.l.f. Beauty’s revenue 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. Sell-side analysts anticipate that e.l.f. Beauty will post 2.64 earnings per share for the current fiscal 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.