PDT Partners LLC Purchases New Shares in e.l.f. Beauty $ELF

PDT Partners LLC purchased a new position in shares of e.l.f. Beauty (NYSE:ELF) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 96,924 shares of the company’s stock, valued at approximately $7,172,000. PDT Partners LLC owned approximately 0.16% of e.l.f. Beauty as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC acquired a new stake in e.l.f. Beauty in the 4th quarter valued at about $32,000. EverSource Wealth Advisors LLC lifted its position in shares of e.l.f. Beauty by 97.0% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after purchasing an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 purchasing an additional 117 shares in the last quarter. State of Wyoming bought a new stake in shares of e.l.f. Beauty during the second quarter valued at approximately $40,000. Finally, Arax Advisory Partners bought a new stake in shares of e.l.f. Beauty during the fourth quarter valued at approximately $41,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Down 0.1%

Shares of NYSE:ELF opened at $105.90 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 105.90, a P/E/G ratio of 3.29 and a beta of 1.58. The company has a 50 day moving average of $81.10 and a 200-day moving average of $72.39. e.l.f. Beauty has a one year low of $48.82 and a one year high of $150.99.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $479.37 million for the quarter, compared to analyst estimates of $431.20 million. During the same period in the prior year, the business posted $0.89 earnings per share. e.l.f. Beauty’s 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, sell-side analysts forecast that e.l.f. Beauty will post 2.64 earnings per share for the current year.

Analysts Set New Price Targets

ELF has been the subject of several research analyst reports. Zacks Research upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. 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. Sanford C. Bernstein lifted their target price on e.l.f. Beauty from $113.00 to $121.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. B. Riley Financial boosted their target price 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. Finally, Raymond James Financial boosted their target price on e.l.f. Beauty from $85.00 to $87.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.31.

Insider Activity at e.l.f. Beauty

In other news, insider Jennifer Catherine Hartnett sold 25,357 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $80.00, for a total value of $2,028,560.00. Following the transaction, the insider owned 28,699 shares of the company’s stock, valued at $2,295,920. This represents a 46.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kory Marchisotto sold 12,173 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was 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 in the company, valued at $14,936,553.90. This represents a 6.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 140,780 shares of company stock worth $10,091,078. 3.50% of the stock is owned by company insiders.

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.