Petra Financial Advisors Inc. Acquires Shares of 6,198 e.l.f. Beauty $ELF

Petra Financial Advisors Inc. acquired a new stake in e.l.f. Beauty (NYSE:ELF) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,198 shares of the company’s stock, valued at approximately $821,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. grew its stake in e.l.f. Beauty by 29.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 384 shares of the company’s stock valued at $52,000 after acquiring an additional 87 shares during the period. Securian Asset Management Inc. lifted its holdings in e.l.f. Beauty by 2.4% during the second quarter. Securian Asset Management Inc. now owns 4,327 shares of the company’s stock valued at $538,000 after purchasing an additional 100 shares in the last quarter. State of Michigan Retirement System grew its position in shares of e.l.f. Beauty by 0.7% in the second quarter. State of Michigan Retirement System now owns 13,600 shares of the company’s stock valued at $1,692,000 after purchasing an additional 100 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of e.l.f. Beauty by 1.9% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 5,426 shares of the company’s stock worth $719,000 after purchasing an additional 100 shares in the last quarter. Finally, State of Wyoming increased its stake in shares of e.l.f. Beauty by 7.1% during the third quarter. State of Wyoming now owns 1,595 shares of the company’s stock worth $211,000 after purchasing an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Citigroup raised their price target on shares of e.l.f. Beauty from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $92.00 target price on shares of e.l.f. Beauty in a report on Thursday, January 29th. The Goldman Sachs Group lowered their price target on e.l.f. Beauty from $155.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of e.l.f. Beauty in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research note on Saturday, January 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average price target of $119.13.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock opened at $81.55 on Monday. e.l.f. Beauty has a one year low of $49.40 and a one year high of $150.99. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 46.07, a PEG ratio of 6.83 and a beta of 1.71. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.89 and a current ratio of 2.76. The business’s 50 day moving average price is $82.02 and its 200 day moving average price is $103.49.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, February 4th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.52. e.l.f. Beauty had a return on equity of 15.08% and a net margin of 6.84%.The company had revenue of $489.51 million during the quarter, compared to analysts’ expectations of $461.78 million. During the same period in the prior year, the business earned $0.74 EPS. The firm’s quarterly revenue was up 37.8% on a year-over-year basis. e.l.f. Beauty has set its FY 2026 guidance at 3.050-3.100 EPS. On average, research analysts predict that e.l.f. Beauty will post 2.38 EPS 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.