e.l.f. Beauty $ELF Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS trimmed its holdings in e.l.f. Beauty (NYSE:ELF) by 57.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,210 shares of the company’s stock after selling 74,651 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in e.l.f. Beauty were worth $3,407,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings 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 buying an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in 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 acquiring an additional 117 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in e.l.f. Beauty during the fourth quarter valued at approximately $26,000. Hilton Head Capital Partners LLC purchased a new position in e.l.f. Beauty during the fourth quarter valued at approximately $32,000. Finally, Johnson Financial Group Inc. acquired a new position in e.l.f. Beauty in the third quarter valued at approximately $64,000. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Price Performance

Shares of NYSE ELF traded up $1.14 during midday trading on Friday, hitting $76.90. The stock had a trading volume of 1,631,380 shares, compared to its average volume of 3,212,535. The company has a market capitalization of $4.53 billion, a PE ratio of 167.18, a P/E/G ratio of 2.99 and a beta of 1.59. The stock has a 50 day simple moving average of $61.38 and a 200-day simple moving average of $71.81. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $150.99. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The firm had revenue of $449.29 million during the quarter, compared to analysts’ expectations of $423.06 million. During the same period in the previous year, the business earned $0.78 earnings per share. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. On average, sell-side analysts expect that e.l.f. Beauty will post 2.42 EPS for the current fiscal year.

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

In other news, insider Jennifer Catherine Hartnett sold 25,357 shares of the firm’s 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 transaction, the insider directly owned 28,699 shares of the company’s stock, valued at approximately $2,295,920. This trade represents a 46.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Mandy J. Fields sold 4,327 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total transaction of $222,970.31. Following the transaction, the insider owned 106,961 shares in the company, valued at $5,511,700.33. The trade was a 3.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 278,988 shares of company stock valued at $18,354,580. 3.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

ELF has been the topic of several recent research reports. Robert W. Baird lowered their price objective on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. B. Riley Financial cut their target price on shares of e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, May 26th. Weiss Ratings upgraded shares of e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 18th. Sanford C. Bernstein assumed coverage on shares of e.l.f. Beauty in a report on Thursday, June 11th. They set a “market perform” rating and a $60.00 price target on the stock. Finally, Piper Sandler reissued a “neutral” rating on shares of e.l.f. Beauty in a report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $78.31.

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.