GSA Capital Partners LLP Buys Shares of 39,041 e.l.f. Beauty $ELF

GSA Capital Partners LLP purchased a new stake in shares of e.l.f. Beauty (NYSE:ELF) in the second quarter, HoldingsChannel.com reports. The fund purchased 39,041 shares of the company’s stock, valued at approximately $2,889,000.

Several other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of e.l.f. Beauty in the 4th quarter worth approximately $26,000. EverSource Wealth Advisors LLC boosted its stake 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 last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of e.l.f. Beauty during the fourth quarter worth about $32,000. Northwestern Mutual Wealth Management Co. grew its stake in e.l.f. Beauty by 58.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after acquiring an additional 117 shares during the period. Finally, Arax Advisory Partners acquired a new position in e.l.f. Beauty in the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on ELF. Morgan Stanley dropped their price target on shares of e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Jefferies Financial Group raised their target price on e.l.f. Beauty from $72.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Citigroup boosted their price target on e.l.f. Beauty from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Canaccord Genuity Group upped their price target on e.l.f. Beauty from $90.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Finally, Bank of America lowered their price objective on shares of e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.81.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, insider Mandy J. Fields sold 4,327 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total value of $222,970.31. Following the transaction, the insider owned 106,961 shares of the company’s stock, valued at $5,511,700.33. This trade represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tarang Amin sold 50,164 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $78.24, for a total value of $3,924,831.36. Following the completion of the transaction, the chief executive officer owned 110,496 shares of the company’s stock, valued at approximately $8,645,207.04. The trade was a 31.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 134,028 shares of company stock worth $9,422,961. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Stock Performance

ELF stock opened at $91.57 on Friday. 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 stock’s 50 day simple moving average is $75.54 and its 200 day simple moving average is $71.80. The firm has a market cap of $5.40 billion, a P/E ratio of 91.57, a P/E/G ratio of 2.94 and a beta of 1.58.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $431.20 million. During the same period in the prior year, the company earned $0.89 earnings per share. The firm’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. As a group, equities research analysts predict that e.l.f. Beauty will post 2.61 EPS for the current year.

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.