Deutsche Bank AG Purchases New Position in e.l.f. Beauty $ELF

Deutsche Bank AG bought a new stake in e.l.f. Beauty (NYSE:ELF) in the second quarter, HoldingsChannel reports. The fund bought 45,476 shares of the company’s stock, valued at approximately $3,365,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. BNP Paribas Financial Markets increased its holdings in shares of e.l.f. Beauty by 3,131.7% in the 4th 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 in the last quarter. Vanguard Group Inc. increased its holdings in e.l.f. Beauty by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock valued at $417,255,000 after acquiring an additional 140,258 shares in the last quarter. Norges Bank acquired a new position in e.l.f. Beauty during the fourth quarter worth about $38,895,000. Delta Global Management LP purchased a new stake in shares of e.l.f. Beauty in the first quarter valued at about $1,227,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of e.l.f. Beauty by 138,082.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 276,364 shares of the company’s stock valued at $21,015,000 after purchasing an additional 276,164 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. UBS Group lifted their price objective on e.l.f. Beauty from $80.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. B. Riley Financial raised their price target on e.l.f. Beauty from $70.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Canaccord Genuity Group upped their price objective on e.l.f. Beauty from $97.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Raymond James Financial increased their price objective on e.l.f. Beauty from $85.00 to $87.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings upgraded e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.31.

Insider Buying and Selling

In other news, insider Kory Marchisotto sold 12,173 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $88.02, for a total transaction of $1,071,467.46. Following the completion of the sale, the insider directly owned 169,695 shares of the company’s stock, valued at $14,936,553.90. The trade was a 6.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Joshua Allen Franks sold 6,854 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $51.94, for a total value of $355,996.76. Following the sale, the senior vice president owned 153,532 shares of the company’s stock, valued at approximately $7,974,452.08. The trade was a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 140,780 shares of company stock worth $10,091,078 over the last 90 days. Company insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $107.09 on Thursday. The business’s 50-day moving average price is $81.99 and its 200 day moving average price is $72.60. 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 has a twelve month low of $48.82 and a twelve month high of $150.99. The company has a market capitalization of $6.32 billion, a PE ratio of 107.09, a price-to-earnings-growth ratio of 3.29 and a beta of 1.58.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $1.04. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The company had revenue of $479.37 million during the quarter, compared to the consensus estimate of $431.20 million. During the same quarter in the prior year, the company posted $0.89 EPS. The company’s quarterly revenue was up 35.5% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, research analysts predict that e.l.f. Beauty will post 2.64 earnings per share for the current year.

e.l.f. Beauty Profile

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.