Summit Investment Advisors Inc. Buys 8,205 Shares of e.l.f. Beauty $ELF

Summit Investment Advisors Inc. lifted its stake in e.l.f. Beauty (NYSE:ELF) by 38.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,688 shares of the company’s stock after buying an additional 8,205 shares during the period. Summit Investment Advisors Inc. owned about 0.05% of e.l.f. Beauty worth $1,864,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Champlain Investment Partners LLC grew its position in e.l.f. Beauty by 19.7% in the first quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock valued at $167,337,000 after acquiring an additional 438,575 shares during the period. Swedbank AB boosted its stake in shares of e.l.f. Beauty by 42.6% in the 1st quarter. Swedbank AB now owns 1,157,760 shares of the company’s stock valued at $72,696,000 after purchasing an additional 345,760 shares in the last quarter. Congress Asset Management Co. boosted its stake in shares of e.l.f. Beauty by 1.3% in the 2nd quarter. Congress Asset Management Co. now owns 951,309 shares of the company’s stock valued at $118,381,000 after purchasing an additional 12,339 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of e.l.f. Beauty by 68.0% in the 1st quarter. Mackenzie Financial Corp now owns 862,671 shares of the company’s stock worth $54,167,000 after purchasing an additional 349,024 shares during the last quarter. Finally, Zevenbergen Capital Investments LLC grew its holdings in shares of e.l.f. Beauty by 9.9% in the 1st quarter. Zevenbergen Capital Investments LLC now owns 682,009 shares of the company’s stock worth $42,823,000 after purchasing an additional 61,282 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Buying and Selling

In other news, insider Mandy J. Fields sold 55,692 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $136.28, for a total value of $7,589,705.76. Following the transaction, the insider owned 64,154 shares of the company’s stock, valued at $8,742,907.12. This represents a 46.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kory Marchisotto sold 13,515 shares of e.l.f. Beauty stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $140.10, for a total value of $1,893,451.50. Following the transaction, the insider owned 144,788 shares in the company, valued at approximately $20,284,798.80. This represents a 8.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 301,060 shares of company stock worth $40,994,733. 3.90% of the stock is currently owned by company insiders.

e.l.f. Beauty Stock Down 3.8%

NYSE ELF opened at $73.62 on Monday. The stock has a market capitalization of $4.37 billion, a P/E ratio of 51.85, a price-to-earnings-growth ratio of 4.37 and a beta of 1.61. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $150.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.76 and a current ratio of 2.70. The stock has a fifty day moving average of $130.44 and a 200-day moving average of $114.86.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.11. The business had revenue of $343.94 million for the quarter, compared to analyst estimates of $367.89 million. e.l.f. Beauty had a return on equity of 13.77% and a net margin of 5.90%.The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 earnings per share. e.l.f. Beauty has set its FY 2026 guidance at 2.800-2.850 EPS. On average, equities research analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ELF shares. JPMorgan Chase & Co. cut their price target on shares of e.l.f. Beauty from $168.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday. Robert W. Baird dropped their price objective on shares of e.l.f. Beauty from $145.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft cut shares of e.l.f. Beauty from a “buy” rating to a “hold” rating and lifted their target price for the company from $121.00 to $128.00 in a research note on Tuesday, September 2nd. Raymond James Financial increased their price target on e.l.f. Beauty from $155.00 to $165.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 20th. Finally, Canaccord Genuity Group dropped their price target on e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating for the company in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $126.80.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.