Delta Global Management LP Takes $1.23 Million Position in e.l.f. Beauty $ELF

Delta Global Management LP acquired a new stake in shares of e.l.f. Beauty (NYSE:ELF) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 20,243 shares of the company’s stock, valued at approximately $1,227,000.

Other large investors have also added to or reduced their stakes in the company. Waverly Advisors LLC increased its stake in shares of e.l.f. Beauty by 1.9% in the first quarter. Waverly Advisors LLC now owns 11,930 shares of the company’s stock worth $723,000 after purchasing an additional 217 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in e.l.f. Beauty by 2.3% in the 1st quarter. Public Employees Retirement System of Ohio now owns 17,060 shares of the company’s stock worth $1,034,000 after buying an additional 387 shares during the period. Keebeck Wealth Management increased its stake in e.l.f. Beauty by 9.4% in the 1st quarter. Keebeck Wealth Management now owns 4,025 shares of the company’s stock worth $244,000 after buying an additional 346 shares in the last quarter. Gibbs Wealth Management bought a new stake in e.l.f. Beauty during the first quarter valued at about $377,000. Finally, Sei Investments Co. lifted its position in shares of e.l.f. Beauty by 75.4% in the first quarter. Sei Investments Co. now owns 98,566 shares of the company’s stock valued at $5,974,000 after acquiring an additional 42,363 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Sanford C. Bernstein started coverage on e.l.f. Beauty in a research report on Thursday, June 11th. They set a “market perform” rating and a $60.00 target price for the company. Weiss Ratings raised shares of e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 18th. Robert W. Baird reduced their price objective on shares of e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. UBS Group boosted their target price on shares of e.l.f. Beauty from $60.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed 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. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.38.

e.l.f. Beauty Trading Up 0.0%

Shares of ELF opened at $77.37 on Monday. The company’s fifty day moving average is $64.94 and its 200 day moving average is $71.62. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $150.99. The stock has a market capitalization of $4.56 billion, a PE ratio of 168.20, a P/E/G ratio of 3.02 and a beta of 1.59. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.69 and a current ratio of 2.35.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $423.06 million. During the same quarter in the prior year, the firm earned $0.78 earnings per share. e.l.f. Beauty’s revenue was up 35.1% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Sell-side analysts expect that e.l.f. Beauty will post 2.41 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Mandy J. Fields sold 4,327 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total transaction of $222,970.31. Following the sale, the insider directly owned 106,961 shares in the company, valued at approximately $5,511,700.33. This represents a 3.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott Milsten sold 4,162 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total transaction of $214,467.86. Following the completion of the transaction, the insider directly owned 144,581 shares of the company’s stock, valued at approximately $7,450,258.93. The trade was a 2.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 121,855 shares of company stock worth $8,351,493. 3.50% of the stock is owned by 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.