Burney Co. Has $1.22 Million Position in e.l.f. Beauty $ELF

Burney Co. increased its holdings in shares of e.l.f. Beauty (NYSE:ELF) by 91.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,153 shares of the company’s stock after buying an additional 9,604 shares during the period. Burney Co.’s holdings in e.l.f. Beauty were worth $1,221,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ELF. Royal Bank of Canada boosted its position 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 valued at $9,650,000 after acquiring an additional 13,851 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of e.l.f. Beauty by 168.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company’s stock worth $407,000 after acquiring an additional 4,069 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of e.l.f. Beauty by 176.4% in the 1st quarter. NewEdge Advisors LLC now owns 4,677 shares of the company’s stock valued at $294,000 after purchasing an additional 2,985 shares during the period. United Services Automobile Association acquired a new position in shares of e.l.f. Beauty in the 1st quarter valued at about $240,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of e.l.f. Beauty by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after purchasing an additional 117 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $74.20 on Thursday. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month high of $150.99. The stock’s 50 day moving average is $60.80 and its 200-day moving average is $71.81. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 161.31, a PEG ratio of 2.93 and a beta of 1.59.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, May 20th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $449.29 million during the quarter, compared to the consensus estimate of $423.06 million. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The company’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Sell-side analysts forecast that e.l.f. Beauty will post 2.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ELF has been the topic of several recent analyst reports. Citigroup dropped their price target on e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. B. Riley Financial lowered their price objective on shares of e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. Raymond James Financial reiterated a “strong-buy” rating and set a $85.00 target price on shares of e.l.f. Beauty in a research report on Thursday, May 21st. Weiss Ratings raised shares of e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 18th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $64.00 price target on shares of e.l.f. Beauty in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $78.31.

Insider Activity at e.l.f. Beauty

In related news, insider Kory Marchisotto sold 4,352 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total value of $224,258.56. Following the transaction, the insider directly owned 181,868 shares of the company’s stock, valued at approximately $9,371,658.04. The trade was a 2.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jennifer Catherine Hartnett sold 25,357 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $80.00, for a total transaction of $2,028,560.00. Following the transaction, the insider owned 28,699 shares of the company’s stock, valued at approximately $2,295,920. The trade was a 46.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 278,988 shares of company stock worth $18,354,580. 3.90% of the stock is owned by company insiders.

e.l.f. Beauty Company 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.