Diversify Advisory Services LLC Takes $2.97 Million Position in e.l.f. Beauty $ELF

Diversify Advisory Services LLC bought a new position in shares of e.l.f. Beauty (NYSE:ELF) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 35,360 shares of the company’s stock, valued at approximately $2,971,000. Diversify Advisory Services LLC owned about 0.06% of e.l.f. Beauty as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in e.l.f. Beauty in the second quarter worth about $428,262,000. BNP Paribas Financial Markets grew its holdings in shares of e.l.f. Beauty by 3,131.7% during the fourth quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock valued at $70,330,000 after purchasing an additional 896,282 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of e.l.f. Beauty by 47.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock valued at $167,086,000 after purchasing an additional 711,540 shares during the last quarter. Swedbank AB raised its position in shares of e.l.f. Beauty by 97.0% during the 4th quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock worth $103,779,000 after purchasing an additional 672,071 shares during the period. Finally, Armistice Capital LLC raised its position in shares of e.l.f. Beauty by 394.9% during the 4th quarter. Armistice Capital LLC now owns 657,983 shares of the company’s stock worth $50,033,000 after purchasing an additional 525,018 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

ELF stock opened at $92.46 on Wednesday. e.l.f. Beauty has a one year low of $48.82 and a one year high of $150.99. The firm has a 50-day moving average of $77.10 and a two-hundred day moving average of $71.78. The firm has a market capitalization 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 company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $1.04. The company had revenue of $479.37 million for the quarter, compared to the consensus estimate of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The company’s revenue was up 35.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, analysts forecast that e.l.f. Beauty will post 2.61 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In other news, insider Scott Milsten sold 4,162 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total transaction of $214,467.86. Following the transaction, the insider owned 144,581 shares in the company, valued at approximately $7,450,258.93. This trade represents a 2.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mandy J. Fields sold 4,327 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total value of $222,970.31. Following the transaction, the insider owned 106,961 shares in the company, valued at approximately $5,511,700.33. This trade represents 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 sold 134,028 shares of company stock worth $9,422,961. 3.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of e.l.f. Beauty from $94.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. 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. Weiss Ratings raised e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Piper Sandler upped their price objective on shares of e.l.f. Beauty from $50.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, UBS Group upped their price objective on shares of e.l.f. Beauty from $80.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.81.

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.