Virtue Capital Management LLC Makes New $1.36 Million Investment in e.l.f. Beauty $ELF

Virtue Capital Management LLC purchased a new stake in e.l.f. Beauty (NYSE:ELF) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,453 shares of the company’s stock, valued at approximately $1,358,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in e.l.f. Beauty during the second quarter worth about $428,262,000. State Street Corp raised its position in shares of e.l.f. Beauty by 4.2% in the 2nd quarter. State Street Corp now owns 1,874,997 shares of the company’s stock valued at $138,647,000 after buying an additional 75,842 shares in the last quarter. Primecap Management Co. CA acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $78,202,000. Prime Capital Management Co Ltd bought a new stake in shares of e.l.f. Beauty during the 2nd quarter worth approximately $44,736,000. Finally, Bank of America Corp DE lifted its holdings in shares of e.l.f. Beauty by 45.9% during the 1st quarter. Bank of America Corp DE now owns 418,431 shares of the company’s stock worth $25,361,000 after acquiring an additional 131,572 shares during the period. Institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ELF. JPMorgan Chase & Co. lifted their price objective on shares of e.l.f. Beauty from $106.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, October 19th. The Goldman Sachs Group set a $100.00 target price on e.l.f. Beauty in a research note on Thursday, August 6th. Bank of America raised their target price on e.l.f. Beauty from $100.00 to $118.00 and gave the company a “buy” rating in a report on Tuesday, September 15th. Sanford C. Bernstein lifted their price target on e.l.f. Beauty from $121.00 to $127.00 and gave the company an “outperform” rating in a research note on Thursday, September 17th. Finally, UBS Group reissued a “neutral” rating and set a $116.00 price target on shares of e.l.f. Beauty in a report on Thursday, October 15th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.06.

e.l.f. Beauty Trading Up 0.1%

ELF opened at $111.78 on Monday. The company has a market cap of $6.60 billion, a P/E ratio of 111.78, a PEG ratio of 2.92 and a beta of 1.61. 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 company’s 50 day moving average is $105.55 and its 200-day moving average is $81.58. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $124.99.

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, topping analysts’ consensus estimates of $0.71 by $1.04. The business had revenue of $479.37 million during the quarter, compared to analysts’ expectations of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The firm’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Equities research analysts predict that e.l.f. Beauty will post 2.70 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Mandy J. Fields sold 16,065 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $104.52, for a total transaction of $1,679,113.80. Following the completion of the transaction, the insider directly owned 90,896 shares in the company, valued at approximately $9,500,449.92. This represents a 15.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kory Marchisotto sold 12,173 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $88.02, for a total value of $1,071,467.46. Following the completion of the transaction, the insider owned 169,695 shares of the company’s stock, valued at $14,936,553.90. The trade was a 6.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 103,994 shares of company stock valued at $10,695,981. 3.50% of the stock is currently owned by insiders.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc is a cosmetics and skincare company that develops, markets and sells beauty products under a portfolio of brands. Its offerings include makeup, skin care, hair care and other personal-care products designed to provide accessible, trend-focused beauty options across a range of categories.

The company’s portfolio includes e.l.f. Cosmetics, Well People, Keys Soulcare and Naturium. Its products are sold through mass retailers, specialty beauty stores, e-commerce platforms and the brands’ direct-to-consumer websites.