17,638 Shares in e.l.f. Beauty $ELF Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new position in e.l.f. Beauty (NYSE:ELF) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 17,638 shares of the company’s stock, valued at approximately $1,341,000.

A number of other large investors also recently added to or reduced their stakes in the business. Ibex Investors LLC raised its position in e.l.f. Beauty by 4.5% in the 4th quarter. Ibex Investors LLC now owns 106,600 shares of the company’s stock worth $8,106,000 after purchasing an additional 4,600 shares during the period. Franklin Resources Inc. raised its position in e.l.f. Beauty by 4.2% in the 4th quarter. Franklin Resources Inc. now owns 30,867 shares of the company’s stock worth $2,347,000 after purchasing an additional 1,239 shares during the period. Hilton Head Capital Partners LLC purchased a new position in e.l.f. Beauty in the 4th quarter worth $32,000. Capital World Investors raised its position in e.l.f. Beauty by 40.4% in the 4th quarter. Capital World Investors now owns 929,632 shares of the company’s stock worth $70,689,000 after purchasing an additional 267,696 shares during the period. Finally, Capital Research Global Investors raised its position in e.l.f. Beauty by 40.2% in the 4th quarter. Capital Research Global Investors now owns 766,072 shares of the company’s stock worth $58,252,000 after purchasing an additional 219,840 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

ELF has been the topic of a number of analyst reports. Piper Sandler decreased their target price on shares of e.l.f. Beauty from $60.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft set a $65.00 target price on shares of e.l.f. Beauty in a research report on Thursday, May 14th. Evercore assumed coverage on shares of e.l.f. Beauty in a research report on Thursday, April 2nd. They issued an “inline” rating and a $68.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on shares of e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Finally, Bank of America decreased their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $79.60.

e.l.f. Beauty Price Performance

ELF stock opened at $55.70 on Wednesday. The firm’s 50-day moving average price is $59.48 and its two-hundred day moving average price is $73.07. e.l.f. Beauty has a 12-month low of $48.82 and a 12-month high of $150.99. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 121.10, a PEG ratio of 2.15 and a beta of 1.63. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The firm had revenue of $449.29 million for the quarter, compared to analysts’ expectations of $423.06 million. During the same quarter in the previous year, the company earned $0.78 earnings per share. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. As a group, equities analysts predict that e.l.f. Beauty will post 2.41 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 52,880 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $62.64, for a total transaction of $3,312,403.20. Following the transaction, the chief executive officer owned 98,416 shares in the company, valued at $6,164,778.24. The trade was a 34.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Scott Milsten sold 23,797 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $63.66, for a total transaction of $1,514,917.02. Following the transaction, the insider owned 114,940 shares in the company, valued at $7,317,080.40. This represents a 17.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 235,649 shares of company stock valued at $14,647,024 over the last three months. Corporate insiders own 3.90% 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.