Jupiter Topco LLC Purchases New Stake in e.l.f. Beauty $ELF

Jupiter Topco LLC acquired a new stake in shares of e.l.f. Beauty (NYSE:ELF) during the second quarter, Holdings Channel reports. The fund acquired 27,518 shares of the company’s stock, valued at approximately $2,035,000.

Other hedge funds also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC bought a new stake in shares of e.l.f. Beauty in the 4th quarter worth about $32,000. EverSource Wealth Advisors LLC raised its stake in shares of e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after purchasing an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 purchasing an additional 117 shares during the last quarter. State of Wyoming bought a new position in shares of e.l.f. Beauty during the second quarter worth about $40,000. Finally, Arax Advisory Partners acquired a new position in e.l.f. Beauty in the fourth quarter worth about $41,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Jennifer Hartnett sold 25,357 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $80.00, for a total value of $2,028,560.00. Following the sale, the insider owned 28,699 shares of the company’s stock, valued at $2,295,920. This trade represents a 46.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren Levitan sold 1,034 shares of e.l.f. Beauty stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $93.15, for a total transaction of $96,317.10. Following the completion of the sale, the director owned 10,516 shares in the company, valued at approximately $979,565.40. This represents a 8.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 120,656 shares of company stock valued at $9,365,864 in the last three months. 3.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ELF has been the subject of several research analyst reports. Raymond James Financial boosted their price objective on 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. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $64.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. Jefferies Financial Group boosted their price target 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. Bank of America dropped 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, JPMorgan Chase & Co. reduced their price objective on 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. 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’s stock. According to data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average target price of $92.12.

e.l.f. Beauty Stock Down 0.1%

Shares of e.l.f. Beauty stock opened at $107.30 on Friday. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 107.30, a PEG ratio of 3.34 and a beta of 1.60. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month 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 business’s 50 day simple moving average is $87.09 and its 200-day simple moving average is $73.85.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $1.04. The business had revenue of $479.37 million during the quarter, compared to analyst estimates of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The business’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same quarter 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. Equities research analysts forecast that e.l.f. Beauty will post 2.64 earnings per share for the current year.

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.