Platinum Investment Management Ltd. Increases Stock Position in e.l.f. Beauty $ELF

Platinum Investment Management Ltd. lifted its holdings in shares of e.l.f. Beauty (NYSE:ELF) by 40.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,000 shares of the company’s stock after acquiring an additional 12,000 shares during the period. Platinum Investment Management Ltd. owned 0.07% of e.l.f. Beauty worth $3,194,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ELF. Royal Bank of Canada grew its position in shares of 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 acquiring an additional 13,851 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of e.l.f. Beauty by 168.6% during the first 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 grew its position in shares of e.l.f. Beauty by 176.4% during the first 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 last quarter. United Services Automobile Association purchased a new position in shares of e.l.f. Beauty during the first quarter worth approximately $240,000. Finally, Northwestern Mutual Wealth Management Co. grew 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 acquiring an additional 117 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ELF has been the subject of several recent research reports. Robert W. Baird decreased their price target on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th. Sanford C. Bernstein initiated coverage on e.l.f. Beauty in a report on Thursday. They set a “market perform” rating and a $60.00 price target for the company. Weiss Ratings downgraded e.l.f. Beauty from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 4th. Piper Sandler reaffirmed a “neutral” rating on shares of e.l.f. Beauty in a report on Friday. Finally, Bank of America decreased their price target on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, May 21st. One investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.38.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $61.40 on Friday. e.l.f. Beauty has a one year low of $48.82 and a one year high of $150.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.69 and a current ratio of 2.35. The business has a fifty day moving average of $59.44 and a two-hundred day moving average of $72.85. The company has a market cap of $3.65 billion, a P/E ratio of 133.47, a price-to-earnings-growth ratio of 2.49 and a beta of 1.63.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, May 20th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The company had revenue of $449.29 million during the quarter, compared to the consensus estimate of $423.06 million. During the same quarter last year, the company earned $0.78 earnings per share. e.l.f. Beauty’s quarterly 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. As a group, analysts predict that e.l.f. Beauty will post 2.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other e.l.f. Beauty news, insider Scott Milsten sold 4,162 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total value of $214,467.86. Following the completion of the sale, the insider owned 144,581 shares of the company’s stock, valued at approximately $7,450,258.93. This trade represents a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Catherine Hartnett sold 4,352 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total value of $224,258.56. Following the completion of the sale, the insider directly owned 54,056 shares of the company’s stock, valued at approximately $2,785,505.68. This trade represents a 7.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 256,347 shares of company stock valued at $15,713,592 in the last quarter. Corporate insiders own 3.90% of the company’s stock.

e.l.f. Beauty News Summary

Here are the key news stories impacting e.l.f. Beauty this week:

• Positive Sentiment: Options activity was unusually bullish, with call buying running about 50% above average, suggesting some traders are positioning for an upside move in e.l.f. Beauty. Source article
• Positive Sentiment: A bullish thesis highlighted by outside commentators argues that ELF may be attractive at recent prices, pointing to a potential rebound after the stock’s pullback. Article link
• Neutral Sentiment: Analyst coverage remains mixed but constructive overall, with a consensus rating of Moderate Buy and a consensus target price above the current share level, though several firms have recently cut targets. Article link
• Neutral Sentiment: Multiple executives and insiders sold shares at about $51.53, including CEO Tarang Amin and several senior leaders. The transactions were disclosed in SEC filings and may reflect routine selling, but they still add caution around near-term sentiment. SEC filing
• Negative Sentiment: The broad cluster of insider sales could weigh on e.l.f. Beauty stock, as investors may view repeated trimming by top executives as a sign of limited near-term upside or caution about the business outlook. SEC filing

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.