Diversify Wealth Management LLC Boosts Stock Position in e.l.f. Beauty $ELF

Diversify Wealth Management LLC lifted its stake in e.l.f. Beauty (NYSE:ELF) by 41.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,674 shares of the company’s stock after purchasing an additional 9,216 shares during the quarter. Diversify Wealth Management LLC owned about 0.05% of e.l.f. Beauty worth $1,935,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ELF. Royal Bank of Canada grew its holdings in e.l.f. Beauty by 9.9% in the 1st quarter. Royal Bank of Canada now owns 153,682 shares of the company’s stock valued at $9,650,000 after buying an additional 13,851 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake 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 during the last quarter. NewEdge Advisors LLC raised its holdings in shares of e.l.f. Beauty by 176.4% during the 1st quarter. NewEdge Advisors LLC now owns 4,677 shares of the company’s stock worth $294,000 after acquiring an additional 2,985 shares during the period. United Services Automobile Association purchased a new position in shares of e.l.f. Beauty during the 1st quarter worth $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 acquiring an additional 117 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 25,357 shares of the business’s stock in a transaction that occurred 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 sale, the insider owned 28,699 shares of the company’s stock, valued at $2,295,920. The trade was a 46.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Scott Milsten sold 23,797 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $63.66, for a total value of $1,514,917.02. Following the completion of the sale, the insider directly owned 114,940 shares in the company, valued at approximately $7,317,080.40. The trade was a 17.15% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 278,988 shares of company stock worth $18,354,580. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Stock Down 3.9%

Shares of ELF opened at $72.20 on Wednesday. The company’s 50-day moving average price is $61.86 and its 200 day moving average price is $71.68. e.l.f. Beauty has a 12-month low of $48.82 and a 12-month high of $150.99. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72. The firm has a market cap of $4.26 billion, a P/E ratio of 156.96, a price-to-earnings-growth ratio of 2.92 and a beta of 1.59.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ELF. Evercore initiated coverage on shares of e.l.f. Beauty in a report on Thursday, April 2nd. They issued an “inline” rating and a $68.00 price objective for the company. Robert W. Baird reduced their target price on shares of e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Piper Sandler reiterated a “neutral” rating on shares of e.l.f. Beauty in a report on Friday, June 12th. UBS Group set a $80.00 price target on shares of e.l.f. Beauty in a research note on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $64.00 price target on shares of e.l.f. Beauty in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.75.

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.