Quantbot Technologies LP Makes New $1.64 Million Investment in e.l.f. Beauty $ELF

Quantbot Technologies LP bought a new stake in shares of e.l.f. Beauty (NYSE:ELF) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 22,169 shares of the company’s stock, valued at approximately $1,641,000.

Several other large investors also recently modified their holdings of ELF. Allworth Financial LP acquired a new position in shares of e.l.f. Beauty in the second quarter worth about $112,000. Trillium Asset Management LLC acquired a new stake in e.l.f. Beauty during the 2nd quarter valued at approximately $2,587,000. Aurora Investment Counsel purchased a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $2,868,000. Great Lakes Advisors LLC purchased a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $299,000. Finally, Prime Capital Management Co Ltd acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $44,736,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF opened at $105.99 on Tuesday. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. The firm’s 50-day moving average price is $80.32 and its two-hundred day moving average price is $72.24. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $150.99. The stock has a market capitalization of $6.25 billion, a P/E ratio of 105.99, a P/E/G ratio of 3.17 and a beta of 1.58.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, beating the consensus estimate of $0.71 by $1.04. The company had revenue of $479.37 million during the quarter, compared to analyst estimates of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The business’s revenue was up 35.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, sell-side analysts forecast that e.l.f. Beauty will post 2.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ELF shares. Citigroup raised their price target on shares of e.l.f. Beauty from $87.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. TD Cowen increased their price objective on shares of e.l.f. Beauty from $85.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Jefferies Financial Group raised their price objective on shares of e.l.f. Beauty from $72.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Raymond James Financial boosted their target price on shares of e.l.f. Beauty from $85.00 to $87.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $64.00 price target on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.31.

Insider Activity

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 6,854 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $51.94, for a total value of $355,996.76. Following the sale, the senior vice president directly owned 153,532 shares in the company, valued at approximately $7,974,452.08. This trade represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kory Marchisotto sold 12,173 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $88.02, for a total transaction of $1,071,467.46. Following the transaction, the insider directly owned 169,695 shares of the company’s stock, valued at approximately $14,936,553.90. This trade represents a 6.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 140,780 shares of company stock worth $10,091,078 over the last 90 days. Insiders own 3.50% of the company’s stock.

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.