35,360 Shares in e.l.f. Beauty $ELF Purchased by Diversify Advisory Services LLC

Diversify Advisory Services LLC bought a new position in e.l.f. Beauty (NYSE:ELF) during the 2nd quarter, Holdings Channel reports. The firm bought 35,360 shares of the company’s stock, valued at approximately $2,971,000.

A number of other large investors have also bought and sold shares of ELF. Wealthfront Advisers LLC acquired a new position in shares of e.l.f. Beauty during the second quarter worth approximately $482,000. K.J. Harrison & Partners Inc bought a new stake in shares of e.l.f. Beauty during the second quarter valued at approximately $740,000. BlackRock Inc. acquired a new stake in shares of e.l.f. Beauty in the second quarter valued at approximately $428,262,000. Deutsche Bank AG acquired a new stake in shares of e.l.f. Beauty in the second quarter valued at approximately $3,365,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in e.l.f. Beauty in the 2nd quarter worth approximately $2,375,000. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Stock Performance

ELF stock opened at $92.46 on Wednesday. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $150.99. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69. The firm has a market cap of $5.46 billion, a PE ratio of 92.46, a P/E/G ratio of 2.88 and a beta of 1.58. The business’s 50-day moving average price is $77.10 and its two-hundred day moving average price is $71.78.

e.l.f. Beauty (NYSE:ELF) last posted 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. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The business had revenue of $479.37 million during the quarter, compared to analysts’ expectations of $431.20 million. During the same period in the prior year, the business earned $0.89 EPS. e.l.f. Beauty’s revenue for the quarter 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, research analysts forecast that e.l.f. Beauty will post 2.61 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Kory Marchisotto sold 12,173 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $88.02, for a total transaction of $1,071,467.46. Following the completion of the transaction, the insider directly owned 169,695 shares in the company, valued at approximately $14,936,553.90. This trade represents a 6.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mandy J. Fields sold 4,327 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total value of $222,970.31. Following the completion of the sale, the insider owned 106,961 shares in the company, valued at $5,511,700.33. The trade was a 3.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 134,028 shares of company stock worth $9,422,961 in the last ninety days. 3.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ELF. Robert W. Baird set a $105.00 price target on e.l.f. Beauty in a research note on Thursday, August 6th. Bank of America lowered their price objective on 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. Jefferies Financial Group upped their target price 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. The Goldman Sachs Group set a $100.00 target price on shares of e.l.f. Beauty in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $64.00 price target on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.81.

e.l.f. Beauty Company 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.