Benjamin Edwards Inc. Invests $606,000 in e.l.f. Beauty $ELF

Benjamin Edwards Inc. bought a new stake in shares of e.l.f. Beauty (NYSE:ELF) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,195 shares of the company’s stock, valued at approximately $606,000.

Several other large investors have also recently made changes to their positions in ELF. Royal Bank of Canada boosted its holdings in e.l.f. Beauty by 9.9% during the first quarter. Royal Bank of Canada now owns 153,682 shares of the company’s stock worth $9,650,000 after buying an additional 13,851 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in e.l.f. Beauty by 168.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company’s stock valued at $407,000 after buying an additional 4,069 shares in the last quarter. NewEdge Advisors LLC increased its holdings in e.l.f. Beauty by 176.4% in the first quarter. NewEdge Advisors LLC now owns 4,677 shares of the company’s stock valued at $294,000 after buying an additional 2,985 shares in the last quarter. United Services Automobile Association acquired a new position in shares of e.l.f. Beauty in the first quarter worth about $240,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of e.l.f. Beauty by 58.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after acquiring an additional 117 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Up 1.9%

Shares of NYSE ELF opened at $107.57 on Thursday. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 107.57, a price-to-earnings-growth ratio of 3.28 and a beta of 1.60. The company’s 50-day simple moving average is $86.25 and its 200-day simple moving average is $73.66. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $150.99.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $0.71 by $1.04. The firm had revenue of $479.37 million during 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 for the quarter was up 35.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Equities analysts predict that e.l.f. Beauty will post 2.64 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on ELF. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $64.00 target price on shares of e.l.f. Beauty in a research note on Tuesday, June 16th. Piper Sandler upped their price target on e.l.f. Beauty from $50.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Jefferies Financial Group increased their price target on e.l.f. Beauty from $72.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Weiss Ratings raised e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Finally, Bank of America cut their price objective on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $92.12.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 5,718 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $100.00, for a total transaction of $571,800.00. Following the completion of the sale, the senior vice president directly owned 144,309 shares in the company, valued at approximately $14,430,900. The trade was a 3.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kory Marchisotto sold 12,173 shares of the stock in a transaction that occurred 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 transaction, 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 SEC filing for this sale provides additional information. Insiders sold 115,144 shares of company stock worth $8,759,544 in the last quarter. Corporate insiders own 3.50% of the company’s stock.

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.